Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
Business Standard

Subex Q3 net decline 53% at Rs 7.68 crore

Total income stood at Rs 90.6 crore from Rs 131.4 cr in same period last year

Related News

Bangalore-based telecom solutions company Ltd witnessed a 53% decline in its to Rs 7.68 crore for the third quarter of FY13 ended December 31, 2012 as against Rs 16.37 crore in the corresponding quarter previous year. The total income of the company for the quarter stood at Rs 90.60 crore from Rs 131.42 crore registering a decline of 31% when compared to the same period last year.

The company attributed the decline in profit to higher finance costs of around Rs 14.45 crore during the quarter due to higher FCCB interest. The operating profit of the company for the period ended December 31, 2012 stood at Rs 22.76 crore. The company also said during the quarter it had a forex gain of Rs 3.52 crore as against a forex loss of Rs 11.49 crore for the previous quarter.
On the BSE the shares of the company closed at Rs 11.44 witnessing a decline 1.63% as against the previous day's closing.

Read more on:   

Read More

Income Tax Dept conducts verification at Nokia's factory

Income Tax Department officials today went for a “verification” to Nokia's factory at Sriperumbudur, near Chennai, along with Central Forensic ...

Recommended for you

Quick Links


Back to Top