Ortel Communications has reported results for fourth quarter and year ended March 31, 2017
The company has reported a fall of 70.76% in its net profit at Rs 0.81 crore for the quarter ended March 31, 2017 as compared to Rs 2.76 crore for the same quarter in the previous year. Total income of the company decreased by 11.94% at Rs 48.20 crore for quarter under review as compared to Rs 54.73 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the company has posted a fall of 88.01% in its net profit at Rs 1.43 crore as compared to Rs 11.93 crore in FY16. Total income of company decreased by 5.56% at Rs 207.21 crore for year under review as compared to Rs 196.29 crore for the year ended March 31, 2016.
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