Infibeam Incorporation has posted strong Q3 performance. The company’s profit for the quarter ended December 31,2017 was 39% up at Rs.30 crore and revenue was up 5% at Rs.213 crore, quarter on quarter.

Earning before interest and tax (EBIT) of the company was up 32% at Rs.34 crore and margin was up 320 bps at 16%. The board of the company has given approval to issuance of convertible warrants up to Rs.40 crore to Network 18.

Further, Infibeam Incorporation has approved an interim dividend of Rs.0.10 per equity share for FY 2017-18.

Read EquityPandit’s Technical Analysis of Indian Stock Market