Geodesic Q1 PAT at Rs 58.45 cr

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Geodesic Q1 PAT at Rs 58.45 cr

Geodesic Information Systems has declared its results for the quarter ended June 2008 (Q1). The company's PAT was up by 103.4% at Rs 58.45 crore versus Rs 28.73 crore on YoY basis.

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Geodesic Information Systems has declared its results for the quarter ended June 2008 (Q1). The company's net sales were up by 113.9 % at Rs 123.88 crore versus Rs 57.93 crore on YoY basis. Its OPM 56.1 % versus 51.2 % on YoY basis.

The company's PAT was up by 103.4% at Rs 58.45 crore versus Rs 28.73 crore on YoY basis. Its operating profit was up by 134.3% at Rs 69.51 crore versus Rs 29.66 crore. Its Tax expense was up by 88 % at Rs 7.51 crore versus Rs 3.99 crore.

The company's total expenditure was up by 92.4 % at Rs 54.37 crore versus Rs 28.27 crore. Its exchange loss on forward contracts and exchange fluctuations was at Rs 4.33 crore versus Rs 3.61 crore.

Licensing deal with Germany based consumer electronics maker Medion AG through which Geodesic's Mundu IM software will be pre-installed on Medion's upcoming mobile communications device, but no financial details have been given. The new product will sold in Europe.

The Board of Directors have considered and recommended final dividend @20% on equity shares of the Company. The company has allotted 39,550 equity shares of Rs 2/- each, upon exercise of 39,550 options by Optionees under the Geodesic ESOP 2002 granted in 2005 and 2006.