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Bodhtree Consulting posts 33 pc jump in Q1 net profit
Bodhtree Consulting Ltd, an IT consulting and software services provider, today reported 33 per cent increase in net profit at Rs 33.86 lakh in Q1 FY18 as against Rs 25.44 lakh in the same period last year.
By
migrator
migrator
Mumbai
Revenue also increased to Rs 26.55 crore from Rs 10.50 crore in Q1 FY17. EBIDTA was at Rs 3.35 crore, up from Rs 2.13 crore in Q1 FY17, a company statement said here.
The company recently signed Fidelity, VRK Global and Madhya Pradesh Power Generating Company as clients for providing GST services and the Indian Coast Guard for implementing enterprise solutions.
Commenting on the results, L N Ramakrishna, managing director, said, "Our GST business is doing well and we have signed contracts worth Rs 10 crore for the current year and the figure is expected to reach Rs 50 crore in the next three years.
"Considering the pace at which we are acquiring business in GST services, enterprise solutions, cloud computing and other software solutions business, we are confident to grow at 50 per cent CAGR for the next three years."
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