EDSEV SOFTSYSTEMS = FIRST QTR = Q1 FY 2011 RESULTS = GOOD PROGRESS = FUTURE APPEARS BRIGHT

Edserv Softsystems Limited

NSE Symbol EDSERV

Q1 FY 2011 REUSLTS

COMPARISON

EDSERV SOFTSYSTEMS LIMITED  has announced good progress in Q1 FY2011, compared to earlier quarters and FY2010.

As can be seen from the table below, the company has been improving its Net sales well in last 5 quarters from 4.63 cr in Q1 FY 2009 to Rs.21.48 Cr in Q1 FY11.

Net Profit has increased to Rs.6.89 Cr in Q1 FY11, from Rs.   6.19 cr (up11.4%) in Q4 FY10, Rs.5.64 cr in Q3 FY10, Rs.3.97 Cr in Q2FY10, Rs.2.22 Cr in Q1 FY10. The net profit for FY 10 was Rs.18.02 Cr.

Basic EPS  is Rs.5.26 – up from Rs.5.15 in Q4 FY10, from Rs.4.7 in Q3 FY10, from Rs.3.3 in Q2 FY10, Rs.1.85 in Q1 FY10 – and  Rs.15.01 in the full year of FY10. At current rate of growth, the company may clock as EPS of more than Rs.21 for the full year. Going forward, the company is expecting further improvement in profits and business.

The current Market price is around Rs.216.

Looking at its potential Business in future and near lack of competition – the company appears to be a good investment for medium to long term investors.

RESULTS IN FIGURES :

EDSERV SOFT	Jun-10	Mar-10	Dif%1	Dec-09	Sep-09	Jun-09	FY10
Net Sales	2147.9	2079.5	3.3	1551.7	1117.7	463.04	5211.89
Total Expen	0	665.47	-100	488.6	349.26	0
Gross Profit	2147.9	1414	51.9	1063.1	768.44	463.04	3708.56
Genl.AdminExp	1031	541.8	90.3	307.78	202.9	137.38	1189.86
Sell&Distrib.Exp	-	-		-	-	-	-
Depreciation	43.27	71.41	-39.4	22.82	27.96	27.91	150.1
OPT bef.Int	1073.6	800.79	34.1	732.47	537.58	297.75	2368.6
Interest	12.5	18.22	-31.4	11.77	13.42	-	43.41
OPT A I&EI	1061.1	782.57	35.6	720.7	524.16	297.75	2325.19
Other Income	7.88	26.34	-70.1	12.88	15.74	1.44	56.4
P B T	1069	808.91	32.2	733.58	539.9	299.19	2381.59
Tax Expenses	380.05	190.31	99.7	169.18	143.34	76.78	579.6
P A T	688.93	618.6	11.4	564.4	396.56	222.41	1801.99
Net Profit	688.93	618.6	11.4	564.4	396.56	222.41	1801.99
Face Value	10	10	0	10	10	10	10
Paid-up Equity	1223.3	1200.6	1.9	-	1200.6	1200.6	1200.6
Reserves	-	3662.9		-	-	-	3662.89
Dividend%	-	-		-	-	-
Basic EPS B EI	5.26	5.15	2.1	4.7	3.3	1.85	15.01
Diluted EPS B EI	5.24	5.13	2.1	4.7	3.3	1.85	14.97
Basic EPS A EI	5.26	5.15	2.1	4.7	3.3	1.85	15.01
Diluted EPS A EI	5.24	5.13	2.1	4.7	3.3	1.85	14.97
Public holding%	68.77	70.06	-1.8	70.06	70.06	0	70.06

ANNOUNCEMENTS

TO THE EXCHANGE

06-08-2010        Edserv Softsystems Limited has informed the Exchange vide notes to Accounts in the unaudited financial results for the quarter ended June 30, 2010 (taken on record by the Board of Directors of the Company at its meeting held on August 06, 2010) regarding the statement of Utilisation of Proceeds from Public Issue as on June 30, 2010.

06-08-2010        Edserv Softsystems Limited has informed the Exchange regarding a press release dated August 06, 2010, titled "EdServ Q1 Net Profit up 210% at Rs.6.89cr, Revenues up 364% at Rs.21.48crore Online education Services and School services Contribute to revenues".      

06-07-2010        Edserv Softsystems Limited has informed the Exchange that Committee of Directors at their meeting held on July 06, 2010 have decided to open the QIP issue during the Working Hours on July 09, 2010 inviting the bids from eligible QIBs at the minimum floor price of Rs.205 (Rupees Two Hundred and Five only) which is higher than the price calculated as per SEBI (ICDR) Regulation 2009. Further the Committee shall decide on the closing date in consultation with the Lead Managers in due course.

06-07-2010        Edserv Softsystems Limited has informed the Exchange regarding the press release dated July 06, 2010 titled "EdServ QIP Issue to open on Friday - Minimum Floor Price fixed at Rs.205 per share".

04-05-2010        Edserv Softsystems Limited has informed the Exchange vide its notes to Accounts in the Audited Financial Results of the Company for the year ended March 31, 2010 (taken on record by the Board of Directors of the Company at its meeting held on May 03, 2010) regarding the Proceeds from Public Issue as on March 31, 2010.

03-05-2010        Edserv Softsystems Limited has informed the Exchange that the Board of Directors at their meeting held on May 03, 2010 transacted inter-alia the following business: 1) Ratified the acquisition of The Sparkling Minds

03-05-2010        Edserv Softsystems Limited has informed the Exchange that the Board of Directors at its meeting held on May 03, 2010 have recommended a final dividend of 30% i.e., Rs. 3/- per equity share of face value of Rs. 10/- each for the year ended March 31, 2010 subject to approval of the shareholders of the Company.   -

03-05-2010        Edserv Softsystems Limited has informed the Exchange regarding a press release dated May 03, 2010, titled "EdServ records significant jump in Revenues and Net Profit".

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