Ybrant Digital Q1 net up 35%

Revenues stood at Rs 456.26 crore, as against Rs 400.37 crore during the same period a year ago

Ybrant Digital Limited, a Hyderabad-based digital marketing company, reported a 35.24 per cent growth in its net profit to Rs 83.54 crore for the first quarter ended June 2014, as compared with Rs 61.77 crore in the corresponding quarter last year.

Revenues stood at Rs 456.26 crore, as against Rs 400.37 crore, a growth of 13.95 per cent.

“Core digital advertising engine continues to deliver on growth and efficiency. Our Lycos group (which Ybrant had acquired in 2010 for $36 million) is making progress on interesting product initiatives,” said Ybrant Digital chairman Suresh Reddy.

Ybrant Digital Limited's scrip ended the trade at Rs 32.55 on the BSE on Monday, up 9.97%, over the previous close of Rs 29.60 a share.