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Infotech Enterprises Apr-Jun net up 88%

Infotech Enterprises Apr-Jun net up 88%
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First Published: Wed, Jul 15 2009. 09 39 PM IST
Updated: Wed, Jul 15 2009. 09 39 PM IST
Hyderabad: Infotech Enterprises Ltd reported 88.4% year-on-year growth in its consolidated net profit in Apr-Jun as the company reversed its mark-to-market provision of Rs20.95 crore.
The company posted consolidated net profit of Rs46.27 crore in Apr-Jun, compared with Rs24.56 crore a year ago.
Consolidated revenue in the quarter stood at Rs233 crore, compared with Rs201 crore a year ago, up 15.9% year-on-year, but flat sequentially.
On a stand-alone basis, the company’s net profit was Rs38.67 crore on revenue of Rs142 crore.
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First Published: Wed, Jul 15 2009. 09 39 PM IST