Sunday, June 20, 2010

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.


FY10 (NON-CONSOL)
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

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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