Investors remain inattentive towards Infibeam's positive nos

The stock of Infibeam, India’s first ever listed ecommerce company have dropped 3.5 per cent despite of positive results, for the first time. The company has posted net profits after series of net losses since FY2012. Company’s IPO proceeds have amounted to nearly Rs 450 crores while IPO expenses have come in at Rs 33.83 crores.

During Jan-Mar 2016 quarter Company has posted revenues of Rs 74.75 crore. Segment wise revenues state that revenues from sale of ecommerce products stand at Rs 48.19 crore while revenues from sale of software and ecommerce ancillary services have come in at 27.37 crores.

Company has seen a decrease in inventories to Rs 8.64 crores. Thereby EBITDA has come in at 6.58 crores. Net profit stands at Rs 1.95 crores reporting a net profit margin of just 2.6 per cent.

Annually company’s consolidated revenues have increased by 16.6 per cent at Rs 336.14 crores for year ended March 2016 as against Rs 288.20 crores last year. However, considering Segment wise Revenues, revenues from sale of software and ancillaries have seen a better growth than its primary business of sale of ecommerce products.

Company’s EBITDA stands at 21.79 crores as against a loss of Rs 2.62 crores amid higher depreciation. Company has posted a net profit for the first time at Rs 9.25 crores as against a net loss of 10.11 crores in FY2015.

Infibeam is an online retailer in India & an ecommerce Technology Company. Infibeam also offers cloud based ecommerce platform services in B2C and B2B verticals.