In a regulatory filing on the BSE, it said revenue from operations for the quarter under review also declined 32 per cent annually to Rs 241 crore from Rs 354 crore in the like period year ago.
Sequentially, net profit for Q2, however, grew exponentially 12,362 per cent from Rs 37 lakh, while revenue grew 25 per cent from Rs 193 crore last quarter.
For the first half (H1; April-September) of the fiscal, net profit plunged 76 per cent annually to Rs 47 crore from Rs 193 crore in the same period year ago.
Revenue from operations also declined 42 per cent annually to Rs 434 crore for H1 from Rs 752 crore in the like period year ago.
The company's other income of Rs 65 crore for the first quarter included Rs 42 crore from the Karnataka Industrial Area Development Board towards the cost of its land acquired by the state government for the second phase of its metro rail project in the city's eastern suburb.
The Central government also granted the company Rs 133 crore, including Rs 80 crore arrears for previous years towards salaries, provident fund and gratuity of its employees.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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