TAKE Solutions Q1 net profit up 5.4% to Rs 36.1 cr

TAKE Solutions today said its net profit has increased 5.4 per cent to Rs 36.1 crore for the quarter ended June 30, 2017 from the year-ago period.

The Chennai-based company's net profit stood at Rs 34.2 crore in the corresponding quarter last year, TAKE Solutions said in a statement.

Its revenue grew 11.5 per cent to Rs 354.4 crore in the quarter under review from Rs 317.6 crore in the April-June 2016 period, it added.

In dollar terms, the company's revenues stood at USD 54.9 million, higher by 15.8 per cent from USD 47 million in the first quarter of FY2016-17.

Srinivasan HR, Vice-Chairman and Managing Director, TAKE Solutions said: "We are excited to carry forward this momentum through the year as we grow from strength to strength on our mission to emerge as a 5 times larger enterprise by the year 2021".

TAKE Solutions is a global technology solutions and service provider, with significant focus across two principal business areas Life Sciences and Supply Chain Management.

Shares of the company closed at Rs 140.70 apiece, up 1.19 per cent from its previous close on the BSE.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)