Octaware Technologies- HY1-FY21 Net profit was of Rs.1.06 crore against Rs.0.25 lacs in HY1-FY20

Octaware Technologies- CONSOL HY1-FY21 Net profit was of Rs.48.19 lacs against Rs.52.75 lacs in HY1-FY20.

Octaware Technologies announced its standalone and consolidated financials for the half year ended on 30th Sept, 2020 marking a decline in consolidated post-tax financials as compared to a year ago period.

Following are the standalone financial figures for the HY1-FY2021 at Octaware Technologies:

- Net profit was Rs.1.06 crore against Rs.0.25 lacs in a year ago period. - Revenue stood at Rs.2.54 crore whereas last year corresponding period it was Rs.86.47 lacs.

- EPS was Rs.0.03 against Rs.0.01 in the previous year, same period.

For the year that ended on 31st March, 2020, the company earned standalone total revenue of Rs.1.56 crore against Rs.2.76 crore a year ago. Net loss of FY19-20 reached Rs.57.35 lacs against PAT of Rs.11.98 lacs in the previous year. Loss per share was Rs.1.60 against EPS of Rs. 0.33 a year ago at Octaware Technologies.

Consolidated HY1 financials at Octaware Technologies in FY2020-21 are as follows:

- Net profit was of Rs.48.19 lacs against Rs.52.75 lacs in a year ago period.

- Revenue stood at Rs.7.70 crore whereas last year corresponding period it was Rs.5.58 crore.

- EPS reached at Rs.1.36 against Rs.147 in the previous year, same period.

Annual consolidated loss for FY19-20 reached Rs.1.43 crore against PAT of Rs.57.68 lacs a year ago. Conosolidated Revenue for FY20 was Rs.12.97 crore against Rs.10.95 crore in the previous year. Loss per share was Rs.4 against EPS of Rs.1.63 at Octaware Technologies in the preceding year.

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