Mumbai, July 29 (IANS) UTV Software Communications Ltd announced here Tuesday that it had recorded a 176 percent net profit growth in the first quarter of the current fiscal.
The company's total revenues increased to Rs.1.45 billion from Rs.571 million in the same period in the previous fiscal, a 154 percent growth.
Its net profit totalled Rs.251 million, showing an increase of 176 percent from the same period last year.
The UTV board, which met here Tuesday, took on record proposals aggregating $75 million, most of which are initiatives in gaming, including a start-up venture in the US.
The company has already entered into a memorandum of understanding to acquire a controlling stake in a mobile