Mumbai: IT solutions provider i-flex Solutions reported a consolidated net profit of Rs415.59 crore for the year ended March 2008, a 11.63% increase over the previous year.
The company had reported a net profit of Rs372.28 crore for the year ended March 2007, i-flex Solutions said in a filing to the Bombay Stock Exchange (BSE).
The consolidated total revenue increased to Rs2,380.24 crore for the year recenly concluded financial year from Rs2,060.94 crore in 2007.
i-flex Solutions further added that the board of directors of the company have not declared any dividend on equity shares for the financial year ended March 2008.
On a stand-alone basis, the company posted a net profit of Rs410.88 crore for the year ended March 2008 as against Rs354.67 crore last year.
Total revenue of the company grew to Rs1,792.97 crore for the year ended March 2008 from Rs1,552.34 crore in the previous year. Shares of the company were trading at Rs1,385.05, up 2.96% on the BSE in morning trade.