Infibeam Incorporation : Q4FY17 Result
Nidhi Jani / 31 May 2017
It reported PAT of Rs. 13.58 crores which represent a sequential QoQ increase of 8.5 per cent and a YoY increase of 490.4 per cent.
Infibeam Incorporation reported its results for the quarter ended March 31, 2017 on Tuesday.
Total sales for this quarter, Q4FY17, came in at Rs. 120.5 crores. This represents a 17.6 per cent sequential increase and 61.2 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 13.2 crores and the EBIT margin stood at 11 per cent.
It reported PAT of Rs. 13.58 crores which represent a sequential QoQ increase of 8.5 per cent and a YoY increase of 490.4 per cent.
Coming to the business outlook, the company has signed and initiated execution of several key projects with leading consumer brands, infrastructure development company and payment solution companies both for the domestic and international market.
Infibeam, along with CC Avenue, signed an agreement for investment into RemitGuru as an Anchor Investor. This investment would be helpful in increasing the cross-border eCommerce business transactions and making the remittance business cash free through fin-tech solutions.
Today, the stock opened at Rs. 989, almost 5 per cent higher than its Tuesday’s closing and touched an intra-day low of Rs. 955.20 on the BSE.
Infibeam Incorporation is engaged in providing software development services, maintenance, web development, e-commerce and other ancillary services. Its segments include the sale of products and sale of software & eCommerce related ancillary services. Its online selling solutions include BuildaBazaar and Infibeam.com.
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