ICSA reports income from operations increases by 12.24%

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ICSA reports income from operations increases by 12.24%

ICSA reported a increase of 12.24% in its Income from Operations, which stands at Rs 365.21 Crores in the quarter ending December 31, 2010 as against Rs 325.38 Crores in the previous quarter ending September 30, 2010.

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ICSA (India) Ltd, (BSE: 531524), provider of embedded technology solutions and infrastructure deployment services for the power sector, reported a increase of 12.24% in its Income from Operations, which stands at Rs 365.21 Crores in the quarter ending December 31, 2010 as against Rs 325.38 Crores in the previous quarter ending September 30, 2010.

Similarly, PAT for the quarter ending December 31, 2010 stood at Rs 31.59 Crores as against Rs 29.44 Crores for the quarter ending September 30, 2010, an increase of 7.30%.

Basic EPS for the quarter ending December 30, 2010 stood at Rs 6.64 as against Rs 6.20 for the quarter ending September 30, 2010, an increase of 7.1%.

Highlights

Similarly, Income from Operations which is Rs 365.21 Crores in the quarter ending December 31, 2010 increased by 16.62 % over the same period last year which was Rs 313.15 Crores.

Similarly, PAT for the quarter ending December 31, 2010 is Rs 31.59 Crores as against Rs 30.17 Crores for the corresponding period last year, showing an increase of 4.71%.

As a result Basic EPS for the quarter ending December 31, 2010 also increased by 3.75 % to Rs 6.64 from Rs 6.40 for the corresponding period last year.

The total order book for the company as on quarter ending December 31, 2010 stands at Rs 1781 Crores. The order book for ESS segment stands at Rs 123 Crores and that of IPS segment stands at Rs 1658 Crores.

Commenting on the results, Mr. G. Bala Reddy, Managing Director, ICSA (India) Ltd said, "As discussed earlier the quarter looked better in terms of order execution and recovery. Revenues from Infrastructure segment dominated the revenues which stood at 70 % of the overall mix while margins from individual segments remained broadly intact. As expected the IPS segment will end up contributing more in this financial year. We expect ESS to pick up from next few quarters onwards as most of the SCADA projects would be tendered in the next 3-6 months. All our efforts to strengthen technology sector are prompt and in the direction to see a traction from the year ahead."