Praj Industries, global process solutions company, witnessed a fall in share price on Friday after the company disclosed a substantial drop in consolidated net profit for the quarter ended September 2015.  During the quarter, the profit of the company declined 81.58% to Rs 46.40 million from Rs 251.90 million  in the same quarter previous year.

Revenues for the quarter declined 23.39% to Rs 2,030.50 million, compared with Rs 2,650.40 million for the prior year period.

Operating margin for the quarter stood at 5.10 percent  as compared to 7.37 percent for the previous year period.  Operating Income for the quarter was Rs 103.50 million, compared with Rs 195.3 million in the previous year period.

Earnings per share for the quarter stood at Rs 0.27, registering 80.71% decline over previous year period.

Shares of Praj Industries are trading at Rs 81.60, down Rs 4.55, or 5.28% at the Bombay Stock Exchange (BSE) on Friday at 10:27 a.m.

Total volume of shares traded on the bourses today was lower by 10.47% to 969,537 compared with 22-day average volume of 1,082,892.