TechNVision Ventures Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
November 13, 2018 at 09:20 am EST
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TechNVision Ventures Limited reported unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2018. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 20.092 million against INR 16.402 million last year. Profit from operations before share of profit of associates and joint ventures, exceptional items and tax and net profit before tax were INR 0.145 million against INR 0.730 million a year ago. Net profit for the period was INR 0.091 million against INR 0.492 million a year ago. Basic and diluted EPS before and after extraordinary items for the period, for the year to date and for the previous year (not annualized) was INR 0.01 against INR 0.02 a year ago.
For the six months, on standalone basis, the company reported net sales/income from operations of INR 39.068 million against INR 32.149 million last year. Profit from operations before share of profit of associates and joint ventures, exceptional items and tax and net profit before tax were INR 2.009 million against INR 0.992 million a year ago. Net profit for the period was INR 1.378 million against INR 0.672 million a year ago. Basic and diluted EPS before and after extraordinary items for the period, for the year to date and for the previous year (not annualized) was INR 0.22 against INR 0.11 a year ago.
For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 219.498 million against INR 130.406 million last year. Profit from operations before share of profit of associates and joint ventures, exceptional items and tax and net profit before tax were INR 13.514 million against INR 5.818 million a year ago. Net profit for the period was INR 13.333 million against INR 5.456 million a year ago. Basic and diluted EPS before and after extraordinary items for the period, for the year to date and for the previous year (not annualized) was INR 2.12 against INR 0.87 a year ago.
For the six months, on consolidated basis, the company reported net sales/income from operations of INR 376.133 million against INR 244.902 million last year. Profit from operations before share of profit of associates and joint ventures, exceptional items and tax and net profit before tax were INR 35.255 million against loss of INR 5.857 million a year ago. Net profit for the period was INR 34.292 million against loss of INR 6.694 million a year ago. Basic and diluted EPS before and after extraordinary items for the period, for the year to date and for the previous year (not annualized) was INR 5.46 against loss of INR 1.07 a year ago.
TechNVision Ventures Limited is an India-based company engaged in the business of providing information technology products and services that help enterprises to create and manage information. The Company offers software related development services, products and information technology-enabled services. The Company divides its products into three groups: Enterprise Data Management, Enterprise Cash Flow Management and Enterprise Talent Management. The Company, through Solix Technologies, Inc., provides enterprise data management solutions for public and private clouds. The Company, through SITI Corporation, offers talent management solutions and services. The Solix Enterprise Data Management Suite software enables organizations to implement database archiving, test data management, data masking and application retirement across all enterprise data. The Company, through Emagia Corporation, delivers technology solutions to transform, automate and optimize cash flow processes.
TechNVision Ventures Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2018