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Bodhtree posts 38-cr H1 revenues

Bodhtree posts 38-cr H1 revenues
Highlights

Bodhtree Consulting Limited, a city-based IT consulting and software service provider, posted revenues of Rs 38.19 crore in the first half of the current fiscal, registering an upswing of 56.64 per cent from Rs 24.38 crore in the same period a year ago.

Hyderabad: Bodhtree Consulting Limited, a city-based IT consulting and software service provider, posted revenues of Rs 38.19 crore in the first half of the current fiscal, registering an upswing of 56.64 per cent from Rs 24.38 crore in the same period a year ago.

The company’s net profit increased by 6.58 per cent to Rs 81 lakh from Rs 76 lakh a year ago. The EBIDTA margins improved by 212 basis points from 10.31 per cent in H1FY17 to 12.43 per cent in HI FY18. The company is expecting a robust fourth quarter performance this fiscal, which, the company says, will enable it post better revenues and profits than last year.

“The company has signed partners in all the States to provide GST Suvidha Provider Services and is expecting Rs. 3 crore run rate on per month basis in the mature state, which would give Rs 36 crore revenue spread across 12 months, some of these revenues are going to recognized during the year and the balance in the next year,” said L N Rama Krishna, MD, Bodhtree.

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