RS SOFTWARE = FY10 BETTER THAN FY 09 = ISSUING BONUS SHARES

R S SOFTWARE

RESULTS COMPARISON

FY10 VS FY 09

RS SOFTWARE is a smaller company in the IT software sector which is improving its performance gradually. Its non-consolidated results for last 3 years and its latest consolidated results are compared in the following table.

It has improved its net sales by 8.11 % to  Rs.161 Cr.

Its Net Profit has increased by 51.42% YOY to Rs.9.57 Cr.

The Basic annual EPS has gone up to Rs.12.03 from last year’s Rs.7.65,an increase of         57.25%. The company has recommended the issue of Bonus Shares to the Equity Shareholders in the ratio of 28 (twenty eight) bonus equity share against every 100 (one hundred) equity shares.

Public Share holding in the company is 75.55%.

At the current market price of Rs.53, the PE ratio is 4.41.But, the company is increasing its equity through bonus shares. Hence, future EPS needs to match enhanced equity. However, bonus shares may add to the liquidity of the shares in the market.

R S SOFTWARE NON CONSOL	FY10 (NON-CONSOL)	FY09 (lakhs)	Dif%	FY08	FY10 (consol)
Net Sales	16129	14919	8.11	9752	16592
Employees Cost	11268	10021	12.44	6473	11315
Depreciation	712	574	24.04	462	713
Other Expenditure	2801	3007	-6.85	2541	2972
Total Expenditure	14781	13602	8.67	9476	15000
Profit(Operations)	1348	1317	2.35		1592
Other Income	59	26	126.92	360	59
Profit before I&EI	1407	1343	4.77		1651
Interest	227	402	-43.53	491	232
Profit before tax	1180	941	25.4	145	1419
Tax Expense	223	309	-27.83	28	223
Net Profit after tax	957	632	51.42	117	1196
Net Profit	957	632	51.42	117	1196
Dividend (%)	-	-
Face Value (in Rs.)	10	10	0	10	10
Paid-up Equity	811	766	5.87	744	810
Reserves	1996	1772	12.64	1910	1865
Basic EPS	12.03	7.65	57.25	0.16	15.14
Diluted EPS	11.35	7.56	50.13	0.16	14.29
Public Sh.holding (%)	75.55	78.08	-3.24		75.55

QUARTERLY

RESULTS

RSSOFTWARE QTRLY	Mar-10	Dec-09	Sep-09	Jun-09	Mar-09
Net Sales	3727	3782	4164	4440	4285
Employees Cost	2659	2833	2854	2922	2850
Depreciation	186	182	181	163	161
Other Expenditure	643	643	703	719	833
Total Expenditure	3488	3658	3738	3804	3844
Exceptional Items 4	-	-	-	-	-
Other Income5	54	25	-7	3	25
Interest6	34	44	66	84	90
Exceptional Items7	-	-	-	93	-
Profit before tax	259	105	353	462	376
Tax expense	38	-13	73	124	171
NPT after tax	221	118	280	338	205
Extraordinary Items	-	-	-	-	-
Net Profit	221	118	280	338	205
Dividend (%)	-	-	-	-	-
Face Value (In Rs	10	10	10	10	10
Paid Up Equity	811	766	766	766	766
Reserves	1996	1795	1795	1772	1772
Basic EPS	3.19 *	1.33	3.45	4.2	2.54
Diluted EPS	*APROX	1.29	3.41	4.15	2.51

 

ANNOUNCEMENTS

TO THE EXCHANGE

10-06-2010        R. S. Software (India) Limited has informed the Exchange that the Board of Directors at its meeting held on June 10, 2010 has fixed June 22, 2010, as the Record Date for the Bonus Issue.

10-06-2010        R. S. Software (India) Limited has informed the Exchange that the Shareholders of the Company at the EGM held on June 10, 2010 have unanimously approved the issue of Bonus Shares declared by the Company.

14-05-2010        R. S. Software (India) Limited has informed the Exchange that the Extra-ordinary General Meeting of the Company will be held on June 10, 2010 for the purpose of : (1) Approval of the increase in Authorized Equity Share Capital of the Company; (2) Approval of the Bonus Issue.        -

28-04-2010        R. S. Software (India) Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on April 26, 2010, has considered and recommended the issue of Bonus Shares to the Equity Shareholders in the ratio of 28 (twenty eight) bonus equity share against every 100 (one hundred) equity shares held by the existing shareholders of the Company. However the aforesaid issue is subject to the Shareholder's approval at the General Meeting and in accordance with the provisions of Companies Act and SEBI Guidelines in this regard.   -

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