 "Rolta India dips on weak March quarter results")
Shares of Rolta India have slipped 8% to Rs 115 on the NSE after the company said that its consolidated net profit for the quarter ended March 31, 2015 (Q3) more than halved at Rs 36.01 crore over the previous quarter due to lower operational revenues.
The internet software & services company had reported a profit of Rs 76.56 crore in the December 31, 2014 quarter.
Consolidated revenues during the quarter declined by 2.1% at Rs 946 crore against Rs 967 crore in the previous quarter, Rolta India said in a statement.
Consolidated EBITDA or operating profit decreased 9.9% to Rs 311 crore, while EBITDA margin eroded by nearly 300 basis points to 32.82% from 35.66% on quarter on a quarter basis.
A combined 674,765 shares changed hands on the counter on the NSE and BSE.
At 0938 hours, the stock was down 7% at Rs 117 on the NSE.
The internet software & services company had reported a profit of Rs 76.56 crore in the December 31, 2014 quarter.
Consolidated revenues during the quarter declined by 2.1% at Rs 946 crore against Rs 967 crore in the previous quarter, Rolta India said in a statement.
Consolidated EBITDA or operating profit decreased 9.9% to Rs 311 crore, while EBITDA margin eroded by nearly 300 basis points to 32.82% from 35.66% on quarter on a quarter basis.
A combined 674,765 shares changed hands on the counter on the NSE and BSE.
At 0938 hours, the stock was down 7% at Rs 117 on the NSE.