Aztecsoft Q1 cons net down 15.55% at Rs 5.7cr

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Aztecsoft Q1 cons net down 15.55% at Rs 5.7cr

Aztecsoft has announced its first quarter results. It has posted consolidated net profit of Rs 5.7 crore in Q1FY08 as against Rs 6.75 crore in previous quarter.

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Aztecsoft has announced its first quarter results. It has posted consolidated net profit of Rs 5.7 crore (Rs 57 million) in Q1FY08 as against Rs 6.75 crore (Rs 67.5 million) in previous quarter, a decline of 15.55%.

Consolidated net sales stood at Rs 59.07 crore (Rs 590.7 million) versus Rs 62.25 crore (Rs 622.5 million), down 5.1%.

EBIDTA margin was also down 11.93% as against 13.57%. and net profit margin down 9.65% versus 10.84%.

The company has added 4 clients in Q1 versus 6 clients in Q4.

According to CNBC-TV18 estimates, it was expected to post net profit of Rs 5.8 crore (Rs 58 million) and net sales of Rs 59.3 crore (Rs 593 million).