i-flex Q3 net up 33%

BS 200 SCORECARD

i-flex solutions announced a 33 per cent rise in its net profit for the quarter ended December 31, 2004 at Rs 48 crore, up from Rs 36.09 crore in the corresponding quarter of the previous year.

Total revenues rose from Rs 181.19 crore in quarter ended December 31, 2003 to Rs 249.43 crore for the quarter ended on December 31, 2004 "" a growth of 37.66 per cent.

On a consolidated basis, net profit grew 27.8 per cent at Rs 45.4 crore against Rs 35.5 crore. Revenues increased from Rs 208 to Rs 300 crore, registering a growth of 44.02 per cent.

The stock closed at Rs 611.80 losing about 1 per cent on the Bombay Stock Exchange. Revenue for the nine months ended December 31, 2004 stood at Rs 780 crore, an increase of 35 per cent over the corresponding nine-months in the last financial year.

The company added 16 new customers in the quarter taking the tally of customers serviced to 528 across 111 countries.