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E-commerce player Infibeam Incorporation Limited has registered a standalone net loss of ₹2.2 crore for the quarter ended March 2018 as against a net loss of ₹38 crore in the corresponding quarter a year ago.
The company's total standalone income for the quarter stood at ₹88.3 crore as against ₹14.6 crore in the same quarter last year.
For the fiscal 2017-18, standalone net profit was ₹13.4 crore as against ₹18 lakh recorded in the previous year. Total standalone income for the fiscal stood at ₹333 crore as against ₹89 crore last year.
On a consolidated basis, the company posted net profit of ₹20.8 crore for the quarter under review as against ₹13.5 crore in the corresponding quarter a year ago, showing a growth of 54 per cent on year-on-year basis.
Total consolidated income for the quarter stood at ₹246 crore as against ₹124 crore in the same quarter last year.
For the financial year ended March 2018, the company posted net profit of ₹88 crore as against ₹43.5 crore in the previous year, up 102 per cent on year-on-year basis.
Infibeam's board of directors has recommended final dividend of 10 per cent or ₹0.10 per equity share of face value of ₹1 each for the financial year 2017-18.
On Thursday, Infibeam shares were trading 1.27 per cent higher at Rs 171.80 on the BSE at about 10 am.
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