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After stellar Q4 results, Trigyn Tech expects double-digit margins in FY20

Updated : May 13, 2019 04:43 PM IST

Trigyn Tech on Monday reported 47.28 percent jump in net profit at Rs 14.48 crore for the period ended March 31, 2019. The company's net sales is at Rs 271.78 crore up 52.03 percent from Rs. 178.77 crore reported a year ago quarter.

R Ganapathi, chairman and executive director,  Trigyn Technologies, in an interview with CNBC-TV18 shared the details of fourth-quarter earnings and the outlook going forward.

The strong growth was on the back of a strong performance from the Indian market along with growth in the US subsidiary, said Ganapathi. While the Indian revenues improved to Rs 83 crore from Rs 14 crore in FY19, the US subsidiary grew at 12 percent, he said.

“FY19 was a rollercoaster year. There was some turbulence in between but our commitment to corporate governance and commitment to serve our clients better has led to this growth,” said Ganapathi.

“The balance sheet looks neat, clean as good as any in the market,” he said.
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