 "R S Software tanks on disappointing Q1 results")
Shares of R S Software India have tanked 15% to Rs 162 on the BSE after the company reported a 26% quarter-on-quarter (QoQ) decline in consolidated net profit at Rs 11.10 crore for the quarter ended June 2015 (Q1).
The IT software products company had posted a profit of Rs 15.49 crore in the March 2015 quarter. It had reported a profit of Rs 16.34 crore in the June 2014 quarter.
The operational income during the quarter under review declined 7% at Rs 77.40 crore against Rs 83.28 crore in the previous quarter.
The stock opened at Rs 175 and touched a low of Rs 154 on the BSE. A combined 1.68 million shares changed hands on the counter on the BSE and NSE till 1034 hours.
The IT software products company had posted a profit of Rs 15.49 crore in the March 2015 quarter. It had reported a profit of Rs 16.34 crore in the June 2014 quarter.
The operational income during the quarter under review declined 7% at Rs 77.40 crore against Rs 83.28 crore in the previous quarter.
The stock opened at Rs 175 and touched a low of Rs 154 on the BSE. A combined 1.68 million shares changed hands on the counter on the BSE and NSE till 1034 hours.