Nettlinx Q4 PAT up 55%
City-based internet services provider Nettlinx Limited has reported 55 per cent rise in profit after tax (PAT) at Rs 59 lakh in January-March quarter (Q4) of financial year 2022-23
Hyderabad: City-based internet services provider Nettlinx Limited has reported 55 per cent rise in profit after tax (PAT) at Rs 59 lakh in January-March quarter (Q4) of financial year 2022-23 as against Rs 38 lakh in same quarter previous fiscal. During the review period, its revenue from operations increased 30 per cent at Rs 3.40 crore against Rs 2.61 crore in a year-ago period.
For the complete FY23, its standalone PAT grew 28 per cent at Rs 1.36 crore when compared to Rs 1.06 crore in previous fiscal. Its total operating income surged up marginally to Rs 10.17 crore in FY23 as compared to Rs 9.70 crore in FY22. Dr Manohar Loka Reddy, MD & Promoter of Nettlinx, said: “The company is set to grow with the contracts for leased line bandwidth connectivity and P2P links.”
“We look forward to continue our growth momentum in year 2023-24 with a robust revenue increase and sustainable margins backed by healthy order book, and lucrative market opportunities available in providing of dedicated internet leased line and P2P link in various segments like print and electronic media, educational institutions, manufacturing units, healthcare & hospitality industry and other SMEs.”
