Omnitech FY08 PAT up 110% to Rs 2557.35 lacs

Omnitech InfoSolutions Ltd., India's leading business availability and business continuity services provider has posted excellent profits for the year ended March 31, 2008.

Top line of the company jumped 69.45% to Rs13156.36 lacs. The company's Net Sales for FY08 stands at Rs 13156.36 lacs, against Rs 7763.78 lacs last year. For the year ended March 31, 2008, PAT climbed 110% YoY to Rs 2557.35 lacs from Rs 1217.81 lacs last year.

The company posted PAT of Rs 860.40 lacs for the quarter ended March 31, 2008, a hop of 122% over Rs 387.03 lacs for the same quarter last fiscal. Net Income rose 68 % to Rs 4210.10 lacs, up from Rs 2505.73 lacs in the last fiscal.

"The commendable rise in revenues and profits is in keeping with Omnitech's ongoing endeavor to excel and focus in the area of Remote Infrastructure management, performance management and business continutity services.  We hope to sustain the growth pattern in the coming year, thereby maximizing shareholders' returns." said Mr. Atul Hemani, Managing Director, Omnitech InfoSolutions.

EPS stands at 21.53 for this year end as compared to 12.95 in the last fiscal. The company has successfully set up a first of-its-kind Managed Disaster Recovery Center - Omnicenter at Koparkhairne, Navi Mumbai and is fully operational. The company has proposed a dividend of 12%, subject to shareholders' approval.

A new version of its flagship product, OmniMonitor was introduced for SAP-ERP solutions. Omnitech increased its presence among premier business schools and engineering colleges. 

Sourced From: Concept Public Relations India Pvt. Ltd