Infotech Enterprises Q4 net up 29% to Rs 70 crore

Infotech Enterprises, a city-based engineering solutions provider, today said its net profit for the fourth quarter ended March 31 grew 29 per cent to Rs 70 crore, from Rs 54 crore in the same period of last year.

Total income from operations grew 28 per cent to Rs 595 crore during the quarter under review from Rs 464 crore in the January–March quarter of last fiscal.

B V R Mohan Reddy, Chairman, Infotech, said business momentum picked up in the second half of just-concluded fiscal and the firm expects it to to continue in the current financial year also.

"The business momentum picked up considerably in the second half of last financial year (FY14), reflected in Q-o-Q growth for the last two quarters. The backlog and order pipeline are very healthy. We are very confident that this momentum will continue during the current financial year (FY 15)," Reddy said in a statement.

The company will focus on operating levers such as utilisation, sales efficiency and management overhead to improve operating margins in FY15, he said.

"Considerable amount of effort and money has been invested in branding, reorganisation and sales compensation restructuring. All three initiatives will lead to accelerated growth and better efficiency. The impact of these steps will be seen in the second half of the current fiscal."

Net profit for the full year (FY14) grew by 15 per cent to Rs 266 crore, while revenues were up by 18 per cent to Rs 2206 crore.

The IT company, through its subsidiary IEAI, is expected to complete the acquisition of Softential Inc, a US-based firm, by the end of this month.

Infotech provides engineering solutions, including product development and life-cycle support, process, network and content to major organisations worldwide.


  • All the debates are glossing over the key question if children are eating healthy food

    For some time now, we have been strapped in noodle debates. First Maggie noodles and now our own swadeshi noodles that Baba Ramdev is making.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

Baby and you

Every person who’s had a chance to be a parent ...

Bubbles Sabharwal

Women of the world, unite for a change

Last week I attended the Women in the World forum ...


William D. Green

Chairman & CEO, Accenture