Software company 3i Infotech today said its net profit has surged by 85.29 per cent to Rs 90.46 crore for the quarter ended March 31.
In a filing to the Bombay Stock Exchange, 3i Infotech said it had a net profit of Rs 48.82 crore in the same quarter ended March 2008.
Net sales of the company rose to Rs 606.76 crore for the quarter under review, as against Rs 349.86 crore in the same quarter previous fiscal.
Further, the board has also approved the proposal for merger of four wholly owned subsidiaries of the company with itself, the filing added.
Piramal Life Sciences Q4 net loss at Rs 37.36 cr. Piramal Group's spun-off research and development arm, Piramal Life Sciences today reported a net loss of Rs 37.36 crore for the fourth quarter ended March 31, 2009.
The drug R&D firm had a net profit of Rs 52 lakh in the March quarter of FY'09, Piramal Life Sciences said in a filing to the Bombay Stock Exchange.
The company listed itself on the bourses in May last year. "Since this is the first year of results of the company published subsequent to listing of shares ans as the company has not any operations during the corresponding quarter in the previous year, the figures for previous quarter are not furnished," the filing added.
