Intrasoft, the parent company of ecommerce store 123stores, has posted revenues of Rs 281.76 crore for the quarter ended December 2016 (Q3-FY17). This was a rise of 36% year-on-year (YoY) from Rs 258.31crore and a marginal increase from Rs 218.17 crore in the preceding quarter. The company’s e-commerce revenues stood at Rs 276.16 crore, up 9% quarter-on-quarter (QoQ) from Rs 215.01 crore. On a year-on-year basis, the e-commerce segment reported 9.31% growth from Rs 252.65 crore in Q2 FY16. Intrasoft’s net profit during Q3-FY17 stood at Rs 6.53 crore, which is up by 20% from Rs 5.4 crore in the previous quarter. In the same quarter last year, the company posted a net profit of Rs 5.17 crore. The number of orders fulfilled during this quarter increased significantly and stood at 1.01 million from 767,186 orders in the same quarter last…
- Attend Our Briefing: Impact Of The Competition Bill On Startups August 18, 2022
- TLDR: Assam internet block, India G24, TikTok, Twitter, Big Tech, drones for healthcare, more August 18, 2022
- How Google’s location tracking led to a $42 million penalty in Australia August 17, 2022
- MeitY’s Digital India Act due in Winter Session, says report: OTT, metaverse in ambit August 17, 2022
- Vauld comes under ED scanner after the agency freezes assets worth Rs 367 crore August 17, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
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...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...