Q1 RESULTS FOR INFIBEAM AVENUES ?

The organization had posted a net profit of Rs 29 crore in the year-prior period the organization offers computerized installment arrangements and endeavor programming stages to organizations and governments across industry verticals.

Its revenue declined 44.6 percent to Rs 103 crore in the quarter under audit as contrasted and Rs 186 crore in comparing time of 2019-20.

On consecutive premise, net profit was lower by 39 percent from Rs 19 crore in March 2020 quarter (barring extraordinary increase), while income was down 24 percent from Rs 136 crore.

The organization said notwithstanding COVID-19, its income would have grown 16 percent quarter-on-quarter to Rs 160 crore and its net profits would have been higher by 28 percent to Rs 24 crore.

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