Onward Tech Q2FY12 net sales up 43% at Rs 340 mn
Onward Technologies Q2FY12 PAT up 21% at Rs 17.7 mn. its consolidated sales to Rs.339.89 million from Rs.237.46 million in the same period last year.
ONWARD TECHNOLOGIES Q2 FY 12 NET SALES JUMPED 43% TO RS. 340mn
NET PROFIT JUMPS 21% TO RS. 17.78mn; EBIDTA GREW BY 17% TO RS. 35.39mn
Mumbai, October 21, 2011: Onward Technologies (OTL), a leading global player in mechanical engineering designing and information technology consulting services has recorded a 43% in its consolidated sales to Rs.339.89 million from Rs.237.46 million in the same period last year.
Net profit increased 21% to Rs 17.78 million in Q2 FY12 compared to Rs 14.75 million in Q2 FY11. For the same period, EBIDTA stood at Rs.35.39 million as against Rs. 30.29 million.
EPS for Q2 FY12 was at Rs 1.32 compared to Rs 1.11 in Q2 FY11.
On standalone basis, OTL has reported 33 per cent jump in its turnover to Rs 155.24 million compared to Rs 114.22 million in the same period previous year.