Vaibhav Global's net profit at Rs 11.61 crore for quarter ending Dec'15

Vaibhav Global Ltd (NSE:VAIBHAVGBLEQ) has announced a consolidated total income from operations of Rs. 356.18 crore. The company’s consolidated net profit fell 70.1 per cent to Rs. 11.61 crore on 10.24 per cent decline in total income to Rs. 356.18 crore in Q3 December 2015 as against Q3 December 2014.

 In the same quarter a year ago, the company’s net profit was Rs. 38.83 crore. The consolidated quarterly results were announced on 25^th January 2016. In reaction to the report, shares of the company plunged as much 9 per cent in trade on 27^th January 2016.