Financial Daily from THE HINDU group of publications
Saturday, Feb 01, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Corporate Results - Software
Corporate - Financial Performance


Infotech Enterprises Q3 revenues up; net slips

Our Bureau

HYDERABAD, Jan. 31

Infotech Enterprises Ltd. has posted total revenues of Rs 31.95 crore for the quarter ended December 31, 2002, an increase of about 16.4 per cent; but profit after tax was lower at Rs 6.82 crore as against Rs 8.32 crore for the corresponding quarter last year.

Dip in profit was mainly to due to significant increase in operating investments and higher depreciation costs.

For the nine-months ended December 31, 2002, Infotech revenues were up 27.9 per cent at Rs 89.89 crore as against Rs 70.27 crore and profit after tax was Rs 19.6 crore as against Rs 17.80 crore, an increase of 10.4 per cent. Sequentially, the company posted 7.4 per cent increase in its revenues and the profit after tax increased by 4.5 per cent. The Chairman and Managing Director, Infotech Enterprises, Mr B.V.R. Mohan Reddy, said: "in the last quarter, we added 15 new clients. Our sequential growth in both revenues and profits was healthy. Our performance in engineering and IT services has been very good.''

Article E-Mail :: Comment :: Syndication

Stories in this Section
DCM Shriram


Exports drive Jubilant net up 191 pc in Q3
Bharat Electronics Q3 net up 106 pc
Retention price cut, poor demand hit MCF Q3 net
Higher sales drive Reliance profits — Our future is in oil, power, infocom: Anil Ambani
Higher output boosts ONGC net 84 pc
HPCL Q3 profit zooms
Sun Pharma net up 20 pc on higher sales
Aurobindo sales, net up in Q3
Raymond Q3 net up at Rs 19 cr
Precot Mills net up at 21 pc
Improved efficiencies boost Colgate net up 33 pc
Balaji Telefilms net up at 105 pc
Sundram Fasteners Q3 net up on higher sales
Kale Consultants net down
TVS-Electronics net dips
Infotech Enterprises Q3 revenues up; net slips
SSI net plunges to Rs 16 lakh
Drop in sales turnover hits TNPL net
Bank conversion expenses trim Kotak MFL net
Glaxo achieves zero debt status — Fourth quarter profit declines 33 pc
P&G's Q2 net up at Rs 32 cr
ICICI Bank net surges on retail focus — `Ahead of HDFC in home loan portfolio'
IOB's Q3 net up 157 pc


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line