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Vama Ind Q1 net rises on Isro order
Highlights
Vama Industries Ltd, City-based IT infrastructure and ITes company, has announced first quarter of FY18. Net profit rose to Rs186.72lakh for the first quarter of FY18 from Rs1.44 lakh in Q1 of FY17. EBIDTA were at Rs308.73 lakh during the quarter from Rs44.l72lakh of Q1 in previous fiscal, according to a release.
Hyderabad: Vama Industries Ltd, City-based IT infrastructure and ITes company, has announced first quarter of FY18. Net profit rose to Rs186.72lakh for the first quarter of FY18 from Rs1.44 lakh in Q1 of FY17. EBIDTA were at Rs308.73 lakh during the quarter from Rs44.l72lakh of Q1 in previous fiscal, according to a release.
Vama Industries executed a large work order from Isro and this took total revenue to Rs 4,162.58 lakhs, a rise of 695 percent against the previous corresponding quarter.
Rama Raju VA, CMD, Vama Industries Ltd, said: “Vama Industries’ robust business structure coupled with timely execution has put it at a good position in the niche space it operates in.”
By Business Bureau
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