NEWS12 May 2017

MRSS reports 146% increase in profits

Asia Pacific Financials News

INDIA – Majestic Research Services and Solutions (MRSS) has reported a consolidated net profit of Rs46.3 million, up 146% on the previous year, for the year ended 31 March 2017.

Raj Sharma_crop

Consolidated income from operations for the year increased by 105% to Rs229.3m.

Raj Sharma (pictured), chairman of Majestic Research Services and Solutions, said: “Despite a relatively uncertain global macroeconomic environment, our growth was driven by our customers’ trust in MRSS."

Earnings before interest, tax and other income margin grew to 32.5% for the year compared with 26.66% in the preceding year.