I-flex Q2 Results

i-flex Solutions Ltd has announced the following Audited results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 765.80 million for the quarter ended September 30, 2007 as compared to Rs 1009.40 million for the quarter ended September 30, 2006. Revenue has increased from Rs 3968.00 million for the quarter ended September 30, 2006 to Rs 4351.70 million for the quarter ended September 30, 2007.

The following consolidated results as per GAAP:

Consolidated Results as per Indian GAAP:

The Group has posted a net income of Rs 874 million for the quarter ended September 30, 2007 as compared to Rs 935 million for the quarter ended September 30, 2006. Revenue has increased from Rs 4992 million for the quarter ended September 30, 2006 to Rs 5758 million for the quarter ended September 30, 2007.

Consolidated Results as per US GAAP:

The Group has posted a net income of Rs 640 million for the quarter ended September 30, 2007 as compared to Rs 804 million for the quarter ended September 30, 2006. Revenue has increased from Rs 5009 million for the quarter ended September 30, 2006 to Rs 5840 million for the quarter ended September 30, 2007.