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Infibeam posts almost 3-fold jump in Q2 net profit

Press Trust of India  |  New Delhi 

Infibeam Incorporation Ltd today posted almost 3-fold jump in its consolidated net profit to Rs 21.6 crore in the second quarter ended September.

The net profit stood at Rs 7.8 crore in the year-ago period, the e-commerce firm said in a statement.

Total increased to Rs 201.6 crore in July- September period of the 2017-18 fiscal from Rs 114.7 crore in the a year ago.

Commenting on the performance, Infibeam Managing Director Vishal Mehta said the company has transformed its model to and subscription-based earnings, giving an opportunity to earn on every executed on the platform.

"This will be our driver for growth," he said, adding that the company is excited about the partnership with large brands to bring their products online on the platform.

of the company fell by 0.76 per cent to close at Rs 176.90 apiece on the today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 14 2017. 20:28 IST