09 Dec 2019 | 8:42 AM

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COMPANYNEWS
PCS Technology Q2 net profit jumps 61.11% at Rs 1.74 cr
  PCS Technology Ltd. | 06 Dec 2019 | 03:41 PM
Published on 11-29-2017
The company reported standalone net profit of Rs 1.74 crore for the quarter ended September 30 2017 as compared to Rs 1.08 crore in the same period last year registering a year-on-year growth of 61.11 per cent.


Net revenue of the company declined substantially by 52.08 per cent at Rs 3.11 crore in July-September quarter of this fiscal as against Rs 6.49 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 44.63 per cent to Rs 3.30 crore from Rs 5.96 crore in year ago period.


Other Income dipped by 32.46 per cent at Rs 0.77 crore versus (Sep'16 Rs 1.14 crore).


Operating Profit slipped by 137.74 per cent to Rs -0.20 crore as against Rs 0.53 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 177.83 per cent in September quarter.


Interest declined by 233.33 per cent y-o-y to Rs -0.04 crore while Taxation decreased by 59.26 per cent at Rs 0.11 crore (Sep'16 Rs 0.27 crore).