Vama Industries reports 43 pc jump in net profit

The company reported an EBIDTA of Rs 251 lakh in the second quarter while its sales stood at Rs 1,169.96 lakh

Hyderabad: Hyderabad-based IT infrastructure and ITeS company Vama Industries announced that its net profit for the quarter ended September stood at Rs 168.25 lakh from Rs 65.10 lakh in the same period last year, reporting a jump of 43.13 per cent. The company reported an EBIDTA of Rs 251 lakh in the second quarter while its sales stood at Rs 1,169.96 lakh.

Commenting on the results, Rama Raju V A, chairman and managing director, Vama Industries said, “We are expanding into the latest technologies like High Performing Computing Services and Cloud Services which are in high demand worldwide and in India too. These two are specialised areas. We have already done some projects in Cloud. These two have tremendous growth prospects in the future.”

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The company has good presence in the central government organisations and is focused on offering turnkey solutions which include network integration, consultancy, solution design and budgeting for servers and storage.

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