Hyderabad-based digital marketing company Ybrant Digital Limited has posted a 3.13 per cent decline in net profit to Rs 50.21 crore for the quarter ended September 30, 2012, as against Rs 51.83 in the corresponding quarter last year.
Total income for the quarter increased 18.93 per cent to Rs 104.08 crore during as against Rs 87.51 crore in the corresponding quarter last year.
For the six-months, the company has posted a 38.84 per cent growth in revenue to Rs 806.10 crore as against Rs 580.60 crore a year ago. Net profit for the period increased to Rs 109.84 crore, as compared to Rs 95.45 crore during the same period last fiscal. The company operates in two segments - software development and digital marketing.
The board of directors of the company has considered the proposal to raise funds via QIP/FCCB/PIPE to meet its expansion plans, according to a press release. The company has constituted a sub-committee to facilitate the process in this regard. Ybrant Digital's scrip is currently trading at Rs 77 on BSE, up by 1.25 per cent over the previous close of Rs 76.05.