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Geometric has dipped 6% to Rs 124 on NSE after reporting a 15.1% decline in consolidated net profit at Rs 16.30 crore for the quarter ended September 2014 (Q2) on sequential basis. The company had profit of Rs 19.20 crore in June quarter.
Operational revenues grew marginally by 4% at Rs 280 crore in September quarter compared to Rs 269 crore in the previous quarter.
In dollar terms revenues rose 2.6% quarter-on-quarter at $ 46.12 million as against $ 44.96 million in the previous quarter, and $ 46.26 million in Q2FY14, Geometric said in a statement.
EBITDA or operating profit margin declined to 15.5% from 15.8%.
The company said, the margins of the company were affected by the anticipated impact of global salary raises and the unanticipated weakening of the Euro as well as lower utilization due to hiring for expected projects.
“We expect to see margin improvements in the coming quarters as well as continued growth in our revenues”, said Manu Parpia, managing director & CEO, Geometric.
The stock opened at Rs 134 and touched a low of Rs 123 on NSE. A combined 1.49 million shares changed hands on the counter so far on NSE and BSE.
Operational revenues grew marginally by 4% at Rs 280 crore in September quarter compared to Rs 269 crore in the previous quarter.
In dollar terms revenues rose 2.6% quarter-on-quarter at $ 46.12 million as against $ 44.96 million in the previous quarter, and $ 46.26 million in Q2FY14, Geometric said in a statement.
EBITDA or operating profit margin declined to 15.5% from 15.8%.
The company said, the margins of the company were affected by the anticipated impact of global salary raises and the unanticipated weakening of the Euro as well as lower utilization due to hiring for expected projects.
“We expect to see margin improvements in the coming quarters as well as continued growth in our revenues”, said Manu Parpia, managing director & CEO, Geometric.
The stock opened at Rs 134 and touched a low of Rs 123 on NSE. A combined 1.49 million shares changed hands on the counter so far on NSE and BSE.
