Infotech Enterprises disclosed a good increase in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company rose 28.81% to Rs 698.30 million from Rs 542.10 million in the same quarter previous year.
Net sales for the quarter rose 28.08% to Rs 5,948.50 million, compared with Rs 4,644 million for the prior year period.
Earnings per share for the quarter stood at Rs 6.22, registering 28.25% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 5,948.50 | 4,644.40 | 28.08 |
| Net Profit | 698.30 | 542.10 | 28.81 |
| Basic EPS | 6.22 | 4.85 | 28.25 |
Shares of the company declined Rs 1.95, or 0.6%, to trade at Rs 325.20. The total volume of shares traded was 6,306 at the BSE (4.00 p.m., Wednesday).
