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3i Infotech March net rises by 85.29%

3i Infotech March net rises by 85.29%
PTI
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First Published: Sat, Apr 25 2009. 02 11 PM IST
Updated: Sat, Apr 25 2009. 02 11 PM IST
Mumbai: Software company 3i Infotech on Saturday said its net profit has surged by 85.29% to Rs90.46 crore for the quarter ended 31 March.
In a filing to the Bombay Stock Exchange (BSE), 3i Infotech said it had a net profit of Rs48.82 crore in the same quarter ended March 2008.
Net sales of the company rose to Rs606.76 crore for the quarter under review, as against Rs349.86 crore in the same quarter previous fiscal.
Further, the board has also approved the proposal for merger of four wholly owned subsidiaries of the company with itself, the filing added.
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First Published: Sat, Apr 25 2009. 02 11 PM IST