Mumbai: Megasoft Limited, today announced its unaudited financial results for the quarter ended 31March, 2008.
The company posted revenues of Rs903 million and Rs150 million profit after tax for the quarter ended 31March, 2008, compared to revenues of 650 million and net income of Rs121 million in the same quarter previous year.
Income from operations for the quarter ended 31March, 2008 at Rs660 million.
Net margins were reduced from 18.6% in Q1 2007 to 16.6% in Q1 2008 mainly because of additional one time severance cost incurred in bcgi.
Earnings per share increased to Rs3.39 as compared to Rs2.74 for Q1 previous year, registering a growth of 24 %.
Share of telecom revenues was 61% on total income as compared to 36% in the Q1 previous year.