Infibeam FY16 PAT at Rs 8.7 crore, revenue up 17%

Ahmedabad-based e-commerce firm Infibeam Incorporation that got listed in the Indian markets this April has posted a 17% year-on-year rise in total revenue from operations to Rs 336.9 crore for full year 2015-16. The profit after tax for the year stood at Rs 8.7 crore as against a net loss of Rs 1.01 crore in FY15.

The company claimed that it has turned cash positive and reported an operating cash inflow of more than Rs 23 crore as against a cash burn of Rs 20.9 crore in the corresponding period of previous year. The company's service revenue grew by 54% to Rs 102.8 crore while its product revenue grew from Rs 221.4 crore in FY15 to Rs 234.1 crore in FY16.