Infibeam Incorporation gains as Q2 profit more than doubles

In the month of November, the stock rallied 39% as compared to 1% decline in the S&P BSE Sensex till Tuesday

Infibeam Incorporation was up 4.5% at Rs 185 on the BSE in early morning trade after its consolidated net profit more than doubled at Rs 21.6 crore in the second quarter ended September 2017 (Q2FY18). The company had profit of Rs 7.8 crore in year ago quarter.

Total revenue during the quarter under review increased 76% year-on-year (YoY) at Rs 202 crore against Rs 115 crore in the corresponding quarter of previous fiscal.

EBITDA (earnings before interest, taxes, depreciation and amortization) margins improved to 20% in Q2FY18 from 18.57% in Q2FY17.

The company said its Infibeam Web