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Avance Technologies Q1 net down nearly 80% at Rs 6.95 lacs

By Religare

Avance Technologies Ltd. has reported a decline of 79.7 per cent in its net profit for the quarter ended June 30, 2013 at Rs 6.95 lacs.

The company's net profit for the corresponding quarter previous financial year stood at Rs 34.2 lacs, Avance Technologies said in a filing to the Bombay Stock Exchange.

Total income from operations also dropped by 47 per cent to Rs 1,811 lacs during April-June quarter 2013, from Rs 3,435 lacs in the year-ago period, the filing added.

Story first published: Friday, August 16, 2013, 22:50 [IST]
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