I-Flex Q1 Net Up 3 Fold At Rs 105 Cr - July 28 , 2008

i-flex Solution reported consolidated net profit of Rs 105.56 crore for the quarter ended June 30, 2008, a nearly three fold jump from its corresponding period a year-ago. The group had posted a net profit of Rs 36.71 crore for the quarter ended June 30, 2007, i-flex Solutions said in a filing to the Bombay Stock Exchange.

i-flex Solutions posted a standalone net profit of Rs 92.18 crore for the quarter ended June 30, against Rs 58.20 crore for the same quarter last year, an increase of 58.38 per cent over a year-ago period. Total income of the group increased to Rs 631.83 crore for the quarter ended June 30, from Rs 513.34 crore for the previous fiscal. Standalone income of i-flex Solutions rose to Rs 462.80 crore for the first quarter of this financial year from Rs 384.64 crore for the quarter ended June 30, 2007.