High costs hit Prithvi Info profit

Prithvi Information Solutions reported a net profit of Rs 2.16 crore for the quarter ended December 31, down from Rs 11.19 crore in the year-ago period. The drop was on account of higher expenses at Rs 363 crore, against Rs 309 crore in the corresponding quarter of last fiscal. Its total income touched Rs 367.50 crore (Rs 329.39 crore).