06 Dec 2019 | 2:31 PM

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COMPANYNEWS
Indian Infotech posts Q2 net profit of Rs 0.09 cr
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Published on 12-02-2019
The company reported standalone net profit during the quarter stood at Rs 0.09 crore compared to net loss of Rs 0.44 crore in the previous year quarter.


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


During July-September quarter operating expenses increased by 27.27 per cent to Rs 0.14 crore from Rs 0.11 crore in year ago period.


Operating Profit surged by 24.77 per cent to Rs 2.67 crore as against Rs 2.14 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 0.26 per cent in September quarter.