Megasoft Q3 revenues up by 44%, Net profits grows by 57%

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Megasoft Q3 revenues up by 44%, Net profits grows by 57%

Megasoft Q3 revenues up by 44%, Net profits grows by 57%. Product revenues for Q3 grows by 87% to Rs 20.51 crores. 48% of revenues now from products sales.

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Financial Highlights

Consolidated results for the quarter ended September 30, 2006

Revenues was Rs. 42.92 crore for the third quarter ended September 30, 2006; YoY growth of 44%

Net profit was Rs. 9.62 crore for the quarter ended September 30, 2006; YoY growth of 57%

Earnings per share increased to Rs.  2.97 from Rs.  2.41 for the corresponding quarter in the previous year; YoY growth of 23%

Consolidated results for the nine months ended September 30, 2006

Revenues was Rs. 116.53 crore for the nine months ended September 30, 2006; YoY growth of 41%

Net profit was Rs. 25.19 crore for the nine months ended September 30, 2006; YoY growth of 74%

Megasoft Limited (BSE CODE NO:532408), a transnational Intellectual Property-driven, product-based technology company, has reported  PAT of Rs. 9.62 crore for the quarter ended September 30, 2006 as compared to Rs. 6.13 crore in the corresponding  quarter last year. The revenues grew by 44% to touch a new high of Rs.42.92 crore for the quarter ended September 30, 2006 (Rs.29.76 crore in Q3FY05).

Product revenues for the quarter have grown by 87% to Rs.20.51 crores from Rs. 10.99 crores.

Share of products revenues on total revenues is 48% of Q2FY06 revenue, higher than 37% of revenues in Q2FY05.

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