Glodyne Q3 Revenues at Rs 495 cr up 163%

Q3 FY 10 -11 Revenues at Rs 495 cr up 163% YoY
EBITDA for the quarter up 96% YoY

Glodyne Technoserve (BSE: 532672; NSE: GLODYNE), the leading Technology Infrastructure Management Services Company reported today its consolidated unaudited financial results for the quarter ended December 31, 2010. During the third quarter of the financial year 2010-11 (Q3 FY11), revenue grew by 163 % over Q3 FY10 to Rs. 495 crore. EBITDA grew by 96% over Q3 FY10 to Rs. 86.4 crore. Net profit for Q3 FY11, was Rs. 51.08 crore, up 79% over Q3 FY10. Basic EPS for the quarter was Rs. 19.47 as compared to Rs.12.72 for the corresponding period of the previous year.

Others Highlights:

• 15 new clients added in the quarter by Glodyne and its subsidiaries
• Bags a USD 42 mn IMS deal for servicing a US Retail giant
• Glodyne ranked eighth in the India Inc 500 list of best performing Indian Companies
• Winner of the Deloitte Technology Fast 500 Asia Pacific Program

Business Outlook:

For the fiscal 2010 - 11, consolidated revenue on organic basis has been increased and is expected to be in the range of Rs 1743 - Rs 1765 cr up from the last guidance of Rs 1705 cr