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Majesco standalone net profit declines 98.03% in the March 2017 quarter

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Capital Market

Sales decline 7.95% to Rs 3.36 crore

Net profit of Majesco declined 98.03% to Rs 0.05 crore in the quarter ended March 2017 as against Rs 2.54 crore during the previous quarter ended March 2016. Sales declined 7.95% to Rs 3.36 crore in the quarter ended March 2017 as against Rs 3.65 crore during the previous quarter ended March 2016.

For the full year,net profit declined 61.84% to Rs 2.37 crore in the year ended March 2017 as against Rs 6.21 crore during the previous year ended March 2016. Sales rose 22.95% to Rs 15.27 crore in the year ended March 2017 as against Rs 12.42 crore during the previous year ended March 2016.

 
ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales3.363.65 -8 15.2712.42 23 OPM %-41.67-25.75 --62.08-40.58 - PBDT2.063.52 -41 4.9810.10 -51 PBT1.863.51 -47 4.179.87 -58 NP0.052.54 -98 2.376.21 -62

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First Published: May 09 2017 | 5:14 PM IST

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