Hyderabad, Nov 9 : Hyderabad-based internet services provider Nettlinx Limited on Wednesday said it has posted 46.71 per cent growth in net profit during the second quarter ended September 30. The company reported consolidated net profit of Rs. 95 lakh against Rs. 13 lakh in the corresponding quarter of last fiscal.
Consolidated total income for the second quarter stood at Rs 5.87 crore, as compared to Rs 4.90 crore in the same period last year, a growth of 19.75 per cent.
Earnings per share (EPS) for the quarter stood at Rs 0.83, compared to Rs 0.01 for the second quarter last fiscal.For the half year period ended September 30, 2016, consolidated net profit for Nettlinx stood at Rs 5.54 crore.
Total income for the half year was Rs 16.63 crore, against Rs 8.26 crore during the same period last fiscal. Nettlinx's EBITDA (earnings before interest, taxes, depreciation, and amortization) in half year stood at Rs 5.54 crore, as compared to Rs 0.49 crore during H1FY16.
"Nettlinx has invested substantially in world-class facilities and we are fully attuned to the exponential growth of the internet sector. Towards this, we will continue to bring high-tech practices in future as well, towards continuing to shape ourselves as leaders and enabling our states to emerge as global hubs," said Manohar Loka Reddy, Chairman, Nettlinx Limited.
"Given our operational excellence and robust performance, we look forward to the future with confidence," Reddy added.The company is set to acquire 95 per cent of Salion SE of Germany, an asset management company which manages more than 1.70 million Euro investments.
Netllinx is investing half a million Euros into Salion SE. This strategic investment will help Nettlinx build a war chest for future acquisitions of high-tech companies in the industrial space in Germany, the company said.
Hyderabad, May 20: Tollywood bubbly Actress Raashi Khanna has launched the first song of the film Jambalakidi Pamba, which features Srinivas Reddy and. The actress said the song is really nice to ..Written by : IANS | 05:55 PM
Hyderabad, May 19: Hyderabad Metro Rail (HMR) will become the first metro in the country to provide Electric Vehicle (EV) Charging Stations. HMR keen to a step forward to create amazing achievemen ..Written by : IANS | 04:31 PM
Hyderabad, May 20: Tollywood Macho Star Manchu Manoj has celebrated his birthday on today, in this many of the celebrities has been wished the Young actor on thier Micro Biological sites. His fathe ..Written by : IANS | 03:53 PM
Hyderabad, April 12: Nagarjuna's song "Ninnu Roddu Meeda Chusnadi Laggayithu" one of the most popular songs in 1990's. The Song has got a tremendous response in that time. The SOng was super hit film ..Written by : IANS | 05:04 PM
Hyderabad, Apr 10: Preparations related to NTR Rama Rao biopic are ongoing. Bala Krishna is playing the role of NT Rama Rao while the rest of the cast has to be finalized. The selection process for th ..Written by : IANS | 02:13 PM
Hyderabad, Apr 03: Power star Pawan Kalyan has congratulated on the hit of Rangasthalam team here on today. Pawan spoke to Charan after watching "Rangasthalam" on the special screen, he told that h ..Written by : IANS | 04:47 PM
Hyderabad, Mar 26: The Tollywood Gorgeous actress Anushka Shetty had a fabulous start to 2018 with the solid success of Bhaagamathie. Although there have been several rumors on her future projects ..Written by : IANS | 03:04 PM
Chennai, May 20: Actor-turned-politician Raji ..
New Delhi, May 20: The public sector BSNL wil ..
Bangalore, May 20: Ending the long-lived high ..
New Delhi, May 19: Congress President Rahul G ..
Bengaluru, May 18: In a shocking comment, Mah ..
Bangalore, May 19: Just two days after taking ..
Bengaluru, May 19: BS Yeddyurappa's tenure as ..
Bengaluru, May 19: The floor test in the Karn ..
Bangalore, May 19: I cannot forget the love a ..
Bengaluru, May 19: Congress MLAs Anand Singh ..
Washington, May 18: US President Donald Trump ..
Washington, May 18: Trump who is know for his ..
New Delhi, May 17: In a major development tow ..
New Delhi, May 16: Facebook took moderation a ..
London, May 15: Chinese mobile maker Honor on ..
San Francisco, May 13: After reports surfaced ..
Beijing, May 13: As it prepares to file an in ..
Dhaka, May 12: Bangladesh launched its first ..
Kathmandu, May 12: Indian Prime Minister Nare ..
San Francisco, May 12: The giant Social media ..
New Delhi, May 20: Mahendra Singh Dhoni enjoy ..
Hyderabad, May 18: The Telangana government h ..
New Delhi, May 18: The International Cricket ..
Barcelona, May 16: FC Barcelona's star player ..
New Delhi, May 16: Continuing its Dominant sh ..
New Delhi, May 15: Plea by former cricketer S ..
Chennai, May 15: Mahendra Singh Dhoni is soon ..
Reykyavik, May 13: FIFA World Cup debutant Ic ..
New Delhi, May 09: As we knew that, The BCCI ..
New Delhi, May 09: The BCCI selectors met in ..
Hyderabad, May 20: Nowadays, Wearing a trendy ..
Hyderabad, May 19: Bharti Airtel is now offer ..
Some healthy facts of daily walk~ 1- Daily ..
New Delhi, May 16: Today, many people are una ..
New Delhi, May 15: Realme is a new brand ente ..
Mumbai, May 14: India Biggest Telecom Operato ..
Hyderabad, May 07: If you own a smartphone, t ..
Hyderabad, May 6: Weight loss is one of the l ..
Hyderabad, May 06: Losing Belly fat is not as ..
Hyderabad, April 30: Good news for the Indian ..