29 Nov 2020 | 10:08 AM

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COMPANYNEWS
Indian Infotech posts Q1 net profit of Rs 0.14 cr
  Indian Infotech & Software Ltd. | 16 Jan 2020 | 03:53 PM
Published on 08-15-2019
The company reported standalone net profit during the quarter stood at Rs 0.14 crore compared to net loss of Rs 0.41 crore in the previous year quarter.


Net revenue of the company rose substantially by 24.89 per cent at Rs 2.81 crore in April-June quarter of this fiscal as against Rs 2.25 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 25.00 per cent to Rs 0.10 crore from Rs 0.08 crore in year ago period.


Operating Profit surged by 25.35 per cent to Rs 2.72 crore as against Rs 2.17 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.21 per cent in June quarter.