Indiagames Ltd, (still) owned by UTV, has reported a profit of Rs 2.47 crore for the financial year ended 31st March 2011, on the back of a 37% increase in revenues, according to its annual report. The company reported revenues of Rs 54.51 crore (surpassing the target that it had been set), up from Rs 39.91 crore the previous fiscal, largely lead by growth in its mobile gaming business. Note that the Profit After Tax is almost equal to the Other Income. According to schedules to the Profit and Loss account in its Annual report (see Page 36), the company earned Rs 37,95,14,574 as Product Revenue, Rs 9,70,50,447 as service revenue, Rs 3,82,12,303 as Sponsorship/Advertising revenue, and Rs 91,52,656 from 'Sale of Goods as Master Service Provider'. Advertising, Publicity and Business Promotion is its single largest expense, at Rs 10,50,71,820.…
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