Commenting on the First quarter FY 09, Mr. BVR Mohan Reddy, Chairman and Managing Director, Infotech Enterprises, said, “I am pleased to announce another strong quarterly performance. The company has delivered a robust growth performance during the quarter under review. Revenues crossed Rs. 2 billion for the quarter.
Our geographies, especially North America, have shown strong sustainable performance. Our order inflow is in line with our budgets and we do not see any significant effect of US slowdown on our order inflow. We continue to make in-roads in the Asia Pacific, India and Middle East region. Our diversified revenue portfolio, both in currencies and geographies, makes us believe that the operating margins are not likely to be impacted any further.
Manufacturing, Utilities and Telecommunications, our key verticals continue to be robust in growth and don’t show any signs of slow down. We made some key wins in the Aerospace and Utilities domains during the quarter. Going forward, we expect to continue to deliver significant growth on the back of increased order intake and high visibility of business in both the verticals.”
HIGHLIGHTS FOR THE QUARTER ENDED JUNE 30, 2008 (Q1 FY09)
Highlights For The Quarter Ended June 30, 2008 (Q1 FY09)
HIGHLIGHTS FOR THE QUARTER ENDED JUNE 30, 2008 (Q1 FY09)
Financial Highlights
FINANCIAL HIGHLIGH
Particulars |
Q1 FY 09 |
Q4
FY 08 |
Q-o-Q |
Q1 FY 08 |
Y-o-Y |
Operating Revenue |
2006.1 |
1874.0 |
7.1% |
1488.1 |
34.8% |
Operating Profit |
368.9 |
341.6 |
8.0% |
264.2 |
39.6% |
Operating Margin |
18.4% |
18.2% |
|
17.8% |
|
PAT (Post share of JV Profits) |
245.6 |
259.3 |
-5.3% |
129.7 |
89.4% |
(All numbers in INR Million, except % data)
Particulars |
Q1 FY 09 |
Q4
FY 08 |
Q-o-Q |
Q1 FY 08 |
Y-o-Y |
Operating Revenue |
48.1 |
46.6 |
3.2% |
36.1 |
33.2% |
Operating Profit |
8.8 |
8.5 |
4.1% |
6.4 |
37.5% |
Operating Margin |
18.4% |
18.2% |
|
17.8% |
|
PAT (Post share of JV Profits) |
5.9 |
6.5 |
-9.2% |
3.2 |
84.3% |
|
Exchange Rate (US$ vs INR) |
41.73 |
40.24 |
|
41.19 |
|
(All numbers in US$ Million, except % data)
- In Rupee terms, Revenue at Rs. 2.006 billion for the quarter; Y-o-Y growth of 34.8%, sequential growth of 7.1%.
- In $ terms, Revenues at US$ 48.1 millions for the quarter; Y-o-Y growth of 33.2% and sequential growth of 3.2%.
- In Rupee terms, Net Profit at Rs. 245.6 millions for the quarter; Y-o-Y growth of 89.4%.
- In $ terms, Net Profit at US$ 5.9 millions for the quarter; Y-o-Y growth of 84.3%.
- Operating margins are at 18.4%, an Y-o-Y increase of 60 basis points and sequential increase of 20 basis points.
- During the quarter, we recognised Rs. 81.8 million as Loss from Forward Contracts.
- Received dividend of Euro 277,778 from our German subsidiary.
- Cash and cash equivalents, including liquid investments, as on June 30, 2008 was Rs. 3,377 million. Net Cash generated from Operations during the quarter was Rs. 513 million.
- During the quarter, we incurred capital expenditure of Rs. 299 million.
- 24 customers were added during the quarter, 8 in UTG and 16 in EMI.
- Signed a MOU with a France based aviation company which is a major player in civil and military aviation industry. The MOU is initially for 5 years and aims to jointly collaborate and perform activities related to Ministry of Defence, Govt. of India proposed Medium Multi Role Combat Aircraft (MMRCA) offset program. This program is one of the strategically most important and largest Indian defence programs.
- Signed a multi-year contract with Tele Atlas to provide extensive map database and software development sevices.
- Strategic partnership with Zensar Technologies Limited to provide GIS services to a leading power utility, which has operations in US and UK.
- New service offerings: For Utilities – Diversifying into Customisation and implementation services of Distribution Management System; For Oil & Gas – experience being built around well-log activities. We also received new orders in EMI segment in certain niche areas like Stress engineering and Compact Boiler Stress Simulation.
- Inaugurated a new dedicated Aerospace centre at Bangalore facility.
- NDPL GIS System has won the prestigious “Edison Award” from the Edison Electric Institute for the Enterprise GIS solution which was developed, implemented and integrated by us.
- Participated in Farnborough International Airshow 2008 to display domain expertise in the industry. Also participated in ILA Berlin show and Rail Infrastructure Australia 2008.
- Completed over 7 million hours of work in Aerospace domain with a team of over 1800 engineers.
- Launched “Spoorti”, a platform for women empowerment.
- Krishna Bodanapu, Sr. Vice President and Head of Manufacturing Vertical, was awarded the “Young Manager of the Year” award for the year 2008 by Hyderabad Management Association.
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