Hyderabad, May 27 (UNI) India’s leading technology solutions provider Raminfo on Friday reported a net profit of 1.74 crore in the fourth quarter ended March 31, 2022 as against Rs 1.10 crore in the corresponding quarter in the previous financial year.

Revenue from operation during the quarter stood at Rs 23.01 crore as against Rs 29.84 crore in Q4FY21, Hyderabad-based company said in a statement here.

The full-year net profit stood at Rs 8.35 crore as against Rs 1.79 crore in the previous fiscal, registering 366 percent increase.

Commenting on the results, L Srinath Reddy, Managing Director, Raminfo said, despite pandemic challenges, our growth in FY22 is significant, with both top-line and bottom-line results improving significantly year-on-year.

Raminfo recorded 100 plus crore Revenue for the first time in the company's history and rewarded shareholders with an interim dividend and the Board has also further recommended final dividend.

We are confident that our diversification strategy is working and delivering improved QoQ margins.

We anticipate increased revenue and margins in FY23 as well. Our focus on the Energy, Health, and Education verticals will be expanded, Reddy added.

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