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Info-Tech - Financial Performance
Corporate Results - Software
Avantel profit up at Rs 7 cr

Our Bureau

Hyderabad, May 1 Avantel Ltd, a telecom products and software solutions company, posted a turnover of Rs 6.98 crore for the quarter ended March 31, 2009 against Rs 5.42 crore.

The net profit stood at Rs 35 lakh against a loss of Rs 29 lakh in the comparable quarter last year.

For the full year, it registered a turnover of Rs 27.28 crore (Rs 26.76 crore). The net profit was put at Rs 2.40 crore (Rs 3 crore), Mr A Venkateswara Rao, Chairman of Avantel, said.

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