Geometric Soft Q1 net up 11.38% at Rs 11.65cr

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Geometric Soft Q1 net up 11.38% at Rs 11.65cr

Geometric Software has come out with first quarter results. The company has reported growth of 11.38% in its first quarter net profit of Rs 11.65 crore as against Rs 10.46 crore in the previous quarter.

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Geometric Software has come out with first quarter results. The company has reported growth of 11.38% in its first quarter net profit of Rs 11.65 crore (Rs 116.5 million) as against Rs 10.46 crore (Rs 104.6 million) in the previous quarter.

Revenues declined 9.1% to Rs 112.9 crore (Rs 1.12 billion) versus Rs 124.3 crore (Rs 1.24 billion).

According to CNBC-TV18 estimates, the company was expected to post net profit of Rs 9.72 crore versus Rs 10.46 crore, down 7.16% on QoQ basis. During the corresponding quarters, its revenues were seen up 4.54% at Rs 129.92 crore versus Rs 124.27 crore on QoQ basis.