Infotech Enterprises reports 16.07% fall in Q1 consolidated net profit

18 Jul 2013

Infotech Enterprises has reported results for first quarter ended June 30, 2013.

The company has reported 63.19% rise in its net profit from ordinary activities after tax at Rs 87.37 crore for the quarter as compared to Rs 53.54 crore for the same quarter in the previous year. Total income from operations of the company has increased by 9.60% at Rs 283.57 crore for quarter under review as compared to Rs 258.74 crore for the quarter ended June 30, 2012.

On the consolidated basis, the group registered a fall of 16.07% in its net profit after tax from ordinary activities after taxes, minority interest and share of profit of associates at Rs 54.31 crore for the quarter as compared to Rs 64.71 crore for the same quarter in the previous year. However, total income from operation of the company, on consolidated basis, has increased by 6.04% at Rs 483.93 crore for quarter under review as compared to Rs 456.38 crore for the quarter ended June 30, 2012.

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