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Ybrant Digital reports net profit of Rs 70 crore in Q1 FY13

Hyderabad-based digital marketing company
Ybrant Digital Ltd (formerly LGS Global Ltd) has said its net profit grew 36%
to Rs 69.59 crore for Q1 FY13. The company’s net profit stood at Rs 44 crore in
the year-ago period. Revenues for the quarter stood at Rs 381 crore against Rs
272 crore in the same period last fiscal, it added.

Hyderabad-based digital marketing company
Ybrant Digital Ltd (formerly LGS Global Ltd) has said its net profit grew 36%
to Rs 69.59 crore for Q1 FY13. The company’s net profit stood at Rs 44 crore in
the year-ago period. Revenues for the quarter stood at Rs 381 crore against Rs
272 crore in the same period last fiscal, it added.

The growth was mainly on account of forex
gains during the quarter. The company gained nearly 13 crore on rupee’s
depreciation against dollar. Ybrant has two core segments – digital marketing
and software development. Its shares were trading at Rs 82 apiece on the BSE,
up 2.63% in the afternoon trade.

Ybrant has recently been reported to be raising
Rs 210 crore for business expansion with Rs 110 crore from Experian, and Rs 100
crore in openly convertible loans from ICICI Bank and Credit Suisse.

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