Nelito posts PAT at Rs 5.78 cr
Tata group company Nelito Systems on Tuesday said it is expecting to more than double its turnover at Rs 100 crore in next two years from Rs 46 crore currently.
By PTI |
NEW DELHI: Tata group company Nelito Systems on Tuesday said it is expecting to more than double its turnover at Rs 100 crore in next two years from Rs 46 crore currently.
The company today posted 848 per cent increase in its profit after tax at Rs 5.78 crore for the year ended March 31, against Rs 0.61 crore last fiscal.
Its turnover during the year stood at Rs 46 crore, registering a growth of 35 per cent, Nelito Systems said in a statement here.
It also declared a dividend of 20 per cent and achieved an earning of Rs 28 per share.
"There has been a major turnaround in the last two years due to proper restructure and a working business model. The company is growing fast and aims to clock Rs 100 crore business mark in next two years," Nelito CEO P Bhaskara Rao said.
The company, which provides solutions to the banking and finance sector, has over 500 employees currently.
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