trending Market Intelligence /marketintelligence/en/news-insights/trending/3u0YpH30CTAF6VeqpVwx2A2 content esgSubNav
In This List

Aptech fiscal Q3 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Aptech fiscal Q3 profit falls YOY

Aptech Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 55 Indian paise per share, a decrease of 43.4% from 97 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 21.8 million rupees, a decrease of 51.1% from 44.5 million rupees in the year-earlier period.

The normalized profit margin dropped to 6.1% from 12.0% in the year-earlier period.

Total revenue declined year over year to 356.4 million rupees from 372.2 million rupees, and total operating expenses rose year over year to 338.4 million rupees from 331.1 million rupees.

Reported net income declined 51.1% from the prior-year period to 27.0 million rupees, or 68 paise per share, from 55.2 million rupees, or 1.20 rupees per share.

As of Feb. 9, US$1 was equivalent to 62.14 Indian rupees.