wordpress blog stats
Connect with us

Hi, what are you looking for?

Infibeam reports net profit of Rs 9.24 Cr on back of improved software & ancillary services sales

Infibeam Incorporation Limited has reported that sales in the software and ecommerce related ancillary services segment posted profits of Rs 57.04 crore for the financial year ended March 31, 2016 (FY16), up 42.5% from Rs 40.01 crore in FY15. While sale of products posted losses of Rs 19.51 crore for FY16, as compared to losses of Rs 23.11 crore in the previous year. The software and ancillary services segment's improved performance propelled Infibeam to report a net profit (profit after tax) of Rs 9.25 crore for FY16, as compared to a loss of Rs 10.11 crore in FY15. Note that Infibeam Incorporation subsidiary NSI Infinium Global Private Limited operates the ecommerce marketplace Infibeam.com and the DIY ecommerce platform BuildaBazaar.ooo. Ecommerce (sale of products), which means Infibeam.com, posted revenues of Rs 234.11 crore for FY16, up 5.7% from Rs 221.41 crore for FY15. Whereas,…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ