Compuage Infocom Q3 revenue down by 7.1%

Compuage Infocom Q3 FY20 revenue is at Rs. 974.4 Crore, down by 7.1% in comparison to Q3 FY19 whereas PAT is at Rs. 5.4 Crore, up by 11.1%.

The company has recently signed partnerships with 2 leading brands – GOQii and Hewlett Packard (HP). For GOQii, the company will provide pan-India distribution service for healthcare and fitness devices. For HP, the company will provide after market service for printers, PC Commercials and notebooks and to begin with it will start from Mumbai.

Commenting on the performance, Atul Mehta, CMD, Compuage Infocom said, “Q3FY20 has been a steady quarter for us in spite of a 7% drop in our consolidated revenue. The ongoing slowdown in the economy impacted the business. However, our sales mix positively impacted across profits positively. Gross profit margins expanded by 26 bps for the quarter as compared to last year on account of higher revenue contribution from more Enterprise segment which is our focus area. We will continue to focus on these more profitable segments in order to improve our overall profitability and better utilization of our resources.”

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