GSS Infotech consolidated quarterly profit plunges 43.26%
Source: IRIS | 13 Nov, 2014, 03.40PM
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| Rating: NAN / 5 stars. |
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GSS Infotech announced a substantial drop in consolidated net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 43.26% to Rs 21.86 million from Rs 38.53 million in the same quarter last year. Net sales for the quarter declined 17.83% to Rs 576.56 million, compared with Rs 701.66 million for the prior year period. Earnings per share for the quarter stood at Rs 1.39, registering 39.04% decline over previous year period.
| Quarterly Results - consolidated (Rs in mn) | | As at | Sep - 14 | Sep - 13 | %Change | | Net Sales | 576.56 | 701.66 | (17.83) | | Net Profit | 21.86 | 38.53 | (43.26) | | Basic EPS | 1.39 | 2.28 | (39.04) | Shares of the company gained Rs 0.5, or 1.54%, to trade at Rs 33.00. The total volume of shares traded was 2,921 at the BSE (3.29 p.m., Thursday).
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