RS Software witnessed a sharp fall in share price on Friday after it disclosed a steep drop in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 29.84% to Rs 111.00 million from Rs 158.20 million in the same quarter previous year.

Revenues for the quarter declined 21.52% to Rs 774.00 million, compared with Rs 986.20 million for the prior year period.

Shares of the company are trading at Rs 163, down Rs 28.9, or 15.06% at the Bombay Stock Exchange (BSE) on Friday at 12:57 p.m.

Total volume of shares traded on the bourses today was higher by 4,778.49% to 1,986,270 compared with 22-day average volume of 40,715.