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Aztec Q3 turnover zooms

BANGALORE: The Bangalore based Aztec Software and Technology Services Ltd, which went public just a month ago has posted a five-fold increase in turnover for the third quarter ended December 31 over the corresponding period last year.

Turnover stood at Rs 23.13 crore (Rs 3.55 crore for Q3 the previous year) and a net profit of Rs 5.54 crore (Rs 1.28 crore).

This quarter onwards, the company is also consolidating the revenues from its wholly-owned subsidiary with its own results. On a consolidated basis, the turnover and net profit stand at Rs 23.16 crore and Rs 4.81 crore.

According to the Chairman of the company, Mr S. Parthasarathy, Aztec has focused on delivering value to the customers in the form of technology and time-to market.

``This focus should help us continue in our growth path in future,'' he said. At the recent IPO, the company had priced each equity share at Rs 80. -- Our Bureau