TAKE Solutions posts 10% rise in Q4 profit

TAKE Solutions Ltd, a city-based IT services provider in the life sciences sector, reported a 10 per cent increase in net profit to ₹45 crore for the fourth quarter ended March 31, 2018 as against ₹42 crore in the same same quarter last year.

Revenue increased by 28 per cent to ₹454 crore (₹355 crore).

The company in a release said that its flagship product pharma Ready surpassed its milestone of 150 customers.

For the year ended March 31, 2018, the company reported a 9 per cent in net profit to ₹160 crore (₹147 crore) on a 18 per cent growth in revenue to ₹1,587 crore (₹1,344 crore).

HR Srinivasan, Vice-Chairman and Managing Director, TAKE Solutions, in the release said the financial year 2018 was a positive year with continued strong performance in life sciences business in profitability, customer track record and recognition. “We have a healthy pipeline of new business opportunities in India and we plan to carry this momentum through the year,” he said.

On the Bombay Stock Exchange, stock price of TAKE Solutions closed at ₹218.65, up by 3.19 per cent.

Source: The Hindu