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Vama Industries, Hyderabad-based IT Infrastructure and ITeS company, has doubled its turnover to ₹20 crore and increased net profit manifold during the quarter ended September 30.
The turnover stood at ₹19.88 crore (₹9.90 crore) while the profit was ₹72.13 lakh (₹11.18 lakh) in the comparative quarters, the company said.
Order from ISRO The highlight of the quarter was that Vama Industries, a listed entity, bagged an order worth ₹35.42 crore from the Indian Space Research Organisation (ISRO) for Hierarchical Storage Management System.
Commenting on the results, Rama Raju VA, Chairman & Managing Director, said, “This has been one more good quarter for Vama Industries as it continues on its growth path.”
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