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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…

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