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Virinchi reports 45% rise in Q1 consolidated net profit

16 Aug 2018 Evaluate

Virinchi has reported results for first quarter ended June 30, 2018.

The company has reported a rise of 42.38% in its net profit at Rs 5.51 crore for the quarter under review as compared to Rs 3.87 crore for the same quarter in the previous year. Total income of the company increased by 17.78% at Rs 49.03 crore for Q1FY19 as compared Rs 41.63 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 45.01% in its net profit at Rs 10.18 crore for the quarter under review as compared to net profit of Rs 7.02 crore for the same quarter in the previous year. Total income of the company increased by 16.40% at Rs 98.01 crore for Q1FY19 as compared Rs 84.20 crore for the corresponding quarter previous year.

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