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( As on 27/07/2017 17:25) WABCO India Q1 net profit down 26.63% at Rs 54.22 cr

Net revenue of the company rose marginally by 4.68 per cent at Rs 536.35 crore for the quarter ended June 30, 2017 as against Rs 512.39 crore in the corresponding period last year.

During Apr-Jun quarter, operating expenses increased by 12.67 per cent to Rs 487.05 crore from Rs 432.29 in year ago period.

Other Income grew by 12.83 per cent at Rs 10.55 crore versus (Jun'16 Rs 9.35 crore).

Operating profit slipped by 24.26 per cent to Rs 79.07 crore as against Rs 104.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.70 per cent in Jun quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.08 crore, while Taxation decreased by 18.66 per cent at Rs 20.09 crore (Jun'16 Rs 24.70 crore).

On the standalone basis, net profit during the quarter fell by 26.63 per cent to Rs 54.22 crore from Rs 73.90 crore in the previous year quarter.