Moneycontrol
Nov 15, 2017 11:05 AM IST | Source: PTI

Infibeam posts almost 3-fold jump in Q2 net profit

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

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

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

Shares of the company fell by 0.76 percent to close at Rs 176.90 apiece on the BSE today.
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