wordpress blog stats
Connect with us

Hi, what are you looking for?

Intrasoft’s revenues rise 36% to Rs 281.75 Cr in Q3FY17

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 year, a growth of 24% YoY. Intrasoft spent Rs 43.87 crore for shipping and handling these orders. It also spent Rs 40.63 crore during the quarter for sales and marketing operations. The total number of suppliers increased to 1,833 in this quarter from 1,783 suppliers in the previous quarter.

The top three selling categories of products were furniture, patio, lawn and garden (30%), toys, games (25%), and home improvement and art crafts (13%); the third position was also shared by Musical Instruments and Gadgets (15%).


Advertisement. Scroll to continue reading.

In October last year, 123 stores secured $8 million ‘line of credit’ from UPS Capital, the company informed the stock exchanges through a notification. It plans to use the fresh funds for working capital to drive growth, the company added. Apart from this, Intrasoft raised Rs 34.5 crore by selling 1.2 million shares at a rate of Rs 288 per share in February last year. In July 2015, the company raised $5.4 million by selling over a third of its treasury stock via bulk deals. At that time, the company reportedly sold 670,000 shares at Rs 510 per share.

Download: Financials | Report

Written By

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



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

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...


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...


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
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