Published on 7/12/2017 5:18:23 PM | Source: Dion Global Solutions Ltd

Xchanging Solutions posts Q2 net profit of Rs 1.05 cr

Posted in Stock Market| #IT Sector #Stock Market #Quarterly Result

The company reported standalone net profit during the quarter stood at Rs 1.05 crore compared to net loss of Rs 1.99 crore in the previous year quarter. Net revenue of the company declined substantially by 30.68 per cent at Rs 12.61 crore in July-September quarter of this fiscal as against Rs 18.19 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 42.97 per cent to Rs 12.53 crore from Rs 21.97 crore in year ago period. Other Income dipped by 10.22 per cent at Rs 2.02 crore versus (Sep'16 Rs 2.25 crore). Operating Profit surged by 102.12 per cent to Rs 0.08 crore as against Rs -3.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 103.03 per cent in September quarter. Interest declined by 75.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 3950.00 per cent at Rs 0.77 crore