EClerx Services Q2 net down 49% at Rs 25 cr on forex loss

EClerx Services ' consolidated net profit fell by 49% to Rs 25.2 crore in the second quarter of financial year 2012-13 from Rs 49.3 crore in the previous quarter, weighed by forex loss.

Consolidated net sales increased 5.2% to Rs 161.7 crore from Rs 153.7 crore during the same period.

The company has reported a forex loss of Rs 20.8 crore in the quarter ended September 2012 as against gain of Rs 2 crore in the June quarter.

At 15:05 hours IST, the share plunged 8.5 percent to Rs 735 amid heavy volumes.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd