Thinksoft Net grows 39% in Apr-Jun quarter

The company reported net profit Rs 7.4 crore in the same quarter last year

Financial and banking software testing services provider Thinksoft Global Services today posted 39% rise in consolidated net profit to Rs 10.3 crore in April-June quarter this year.

The company had reported net profit Rs 7.4 crore in the same quarter last year.

Total income of the company grew marginally to Rs 43 crore in the quarter, from Rs 41.21 crore in the year ago period, the company said in a filing to the BSE.

"The Cards & Payments segment and the Europe geography has been the key driver for growth during the quarter. We are confident that the growth momentum will continue as we ramp up different segments of our business," Thinksoft Global CMD A V Asvini Kumar said in a statement.

The company had reported a net profit of Rs 2.2 crore and a total income of Rs 37.60 crore in the previous quarter.

In a separate filing to the BSE, Thinksoft said its board has approved allottment of 22,800 equity shares to three employees of the company under 'Thinksoft - Employee Stock Option Scheme 2011'.

Shares of the company dropped by 2.62% to close at Rs 85.40 on BSE today.