YBrant's net profit up at Rs 60 crore in June quarter

HYDERABAD: City-based digital marketing company Ybrant Digital Limited (formerly LGS Global Limited) today said its net profit for the quarter ended June 30 registered at Rs 60 crore against Rs 44 crore during the same period previous year.

Net profit was up by 36 per cent mainly on account of forex gains during the quarter. The company gained nearly 13 crore on rupee depreciation against foreign currencies.

Revenues for the quarter stood at Rs 381 crore against Rs 272 crore in the same period last fiscal, Ybrant said in release issued here.

Ybrant has two core segments - digital marketing and software development.

Its shares are traded at Rs 82 apiece on Bombay Stock Exchange, up 2.63 per cent in the afternoon trade.