Chennai-based IT firm Take Solutions has reported a fall in net profit to ₹31 crore for the quarter ended June 30, against ₹39 crore in the same period last year.
Revenue increased 39 per cent to ₹317 crore (₹228 crore). The company said its profit fell because in the June quarter of 2015, it had realised ₹18 crore by selling shares in its subsidiary Applied Clinical Intelligence.
Excluding that, the net would be much higher, said HR Srinivasan, Take Solutions Vice-Chairman and MD.
The results indicate a steady growth in the company’s focus area of life sciences, he said in a press release.