Infotech Enterprises Limited
NSE Symbol INFOTECENT
INFOTECH ENTERPRISES has declared its results for the FY 2011. The table reflects consolidated figures for 3 years in first 3 money columns (in lakhs) and last 3 columns represent results for Q4 FY 11, compared with Q3 FY 11 and Q4 FY 11 (stand alone figures for the 3 qtrs).
While the company is undertaking several initiatives, we need to watch their effect in the Q1 FY 2012 and subsequent quarters.
ANNUAL CONSOLIDATED RESULTS
Net Sales for FY 2011 is Rs.1188.01 cr – up by 24.64% from FY 2010 and by 33.52% from FY 2009.
Total Expenditure For FY 11 is Rs.1056.25 cr – up by 33.97% from FY 2010 and by 39.38% from FY 09.
Profit from Operations for FY 11 is – Rs.131.76 cr – which is down by 20% from FY 10; and down by 0.14% from FY 09.
Profit before tax for FY 11 is Rs.159.77 cr - which is down by 23.17% from FY 10; but up by 62.25% from FY 2009.
Net Profit for FY 11 is Rs.132.79 cr- which is down by 15.66 % from Rs.157.44 cr in FY 10; and up by 57.22% from Rs.84.46 cr in FY 2009.
Consolidated Net Profit for FY 2011 is Rs.139.69 cr – down by 18.23% from Rs.170.84 Cr in FY 09; and up by 51.03% from Rs.92.49 cr in FY 09.
Basic EPS(in Rs.) is Rs.12.56 in FY 11; Rs.30.87 in FY 2010; Rs.17.36 in FY 2009.
QUARTERLY (STAND ALONE) RESULTS
Net sales for Q4 FY 11 is Rs.178.94 cr – up by 6.47% from Q3 FY 11; and up by 32.26% from Q4 FY 10.
Total Expenditure in Q4 FY 11 is Rs.150.41 cr – up by 8.4% from Q3 FY 11 and by 34.2% from Q4 FY 10.
Profit from Operations for Q4 FY 11 is Rs.28.53 cr – which is down by 2.66% from Q3 FY 11; but up by 22.92% from Q4 FY 10.
Profit before tax for Q4 FY 11 is Rs.34.26 – which is down by 15.18 % to Rs.40.39 cr in Q3 FY 11; and down by 13.44% to Rs.39.58 cr in Q4 FY 10.
Net Profit for Q4 FY 11 is Rs.32.09 cr – which is down by 13.94% from Rs.37.29 cr in Q3 FY 11; and also down by 7.28% from Rs.34.61 cr in Q4 FY 10.
The employee cost and other expenditure has gone up significantly in FY 2011, which has contributed to LOWER PROFITS in FY 2011 – and that too, on equity enhanced by the Bonus issue in the ratio of 1 : 1.
Basic EPS(in Rs.) in Q4 FY 11 was Rs.2.89; in Q3 FY 11, it was Rs.3.36; and it was Rs.6.81 in FY 09.
RESULTS TABLE :
| CS - FY 11 | Q4 FY 11 | Q3 FY 11 | Q4 FY 10 | |||
| Net Sales | 118801 | 95312 | 88975 | 17894 | 16806 | 13529 |
| Employees Cost | 74657 | 54272 | 48952 | 9115 | 8405 | 7077 |
| Depreciation | 4859 | 4357 | 4656 | 962 | 929 | 1011 |
| Other Expenditure | 21801 | 16989 | 19145 | 4964 | 4541 | 3120 |
| Total Expenditure | 105625 | 78842 | 75780 | 15041 | 13875 | 11208 |
| Profit from Operations | 13176 | 16470 | 13195 | 2853 | 2931 | 2321 |
| Other Income | 2726 | 4637 | -2945 | 578 | 1115 | 1650 |
| Interest | 154 | 312 | 403 | 5 | 7 | 13 |
| Profit before tax | 15977 | 20795 | 9847 | 3426 | 4039 | 3958 |
| Tax Expense | 2698 | 5051 | 1401 | 217 | 310 | 497 |
| Net Profit | 13279 | 15744 | 8446 | 3209 | 3729 | 3461 |
| Consolidated Net Profit | 13969 | 17084 | 9249 | |||
| Face Value (in Rs.) | 5 | 5 | 0 | 5 | 5 | 5 |
| Paid-up Equity | 5564 | 2775 | - | 5564 | 3729 | - |
| Basic EPS(in Rs.) | 12.56 | 30.87 | 17.36 | 2.89 | 3.36 | 6.81 |
| Diluted EPS(in Rs.) | 12.54 | 30.75 | 17.33 | 2.88 | 3.31 | 6.79 |
ANNOUNCEMENTS TO NSE
20-04-2011 recommended dividend of 25% i.e. Rs. 1.25 per share of Rs.5 each for the financial year 2010-11.
07-04-2011 "Hamilton Sundstrand and Infotech inaugurate new electronic center of excellence".
08-02-2011 "Mr. Krishna Bodanapu, President (Engineering) interacted with the media. Summary of the interaction is as follows : (1) The Company may seal a deal to acquire an European aerospace services company for around USD 20 million later this year; (2) The Company is in talks with 3-4 companies in the aerospace sector valued between USU 10 million to 20 million; (3) The acquisitions will bring high end competencies to the Company's global aerospace practice; (4) About 40% of the revenues come from the aerospace sector and the revenues are expected to grow by 26% during the fiscal".
07-02-2011 "Infotech establishes Integrated Global Aerospace Practice".
19-01-2011 "Revenue for Q-3 crosses Rs. 300 crores for the first time, a significant milestone in the history of the company".
24-11-2010 "Infotech rebrands its UTG Division as Network and Content Engineering Division".
16-11-2010 "As part of the wider rebranding and positioning exercise of the whole company, and to firmly position Infotech Enterprises Limited as a leading global engineering services company, UTG as a vertical name and identity for our geospatial, data and network group will cease to exist. Instead, UTG will become the "Network and Content Engineering" Division within Infotech - "N&CE" for short. This rebranding reflects a clear strategic direction and focus for our business development and operations to better support our core markets of Utilities and Telecoms (Government as a standalone vertical market will no longer exist), while also leveraging our focus around Network Engineering and enabling us to create a new focus around Content Engineering".
14-10-2010 accorded approval to the Scheme of Amalgamation with TTM Institute of Information Technology Private Limited.
10-08-2010 "The Company's wholly owned subsidiary in the US, Infotech Enterprises America Inc., has acquired the Arkansas based Wellsco Inc., a company engaged, inter alia, in the business of providing network engineering & management and related services to the telecommunications industry".
14-06-2010 the Committee of Directors of the Board has allotted 5,55,52,348 equity shares of Rs.5/- each by capitalizing the free reserves and distributed as fully paid up bonus shares in the proportion of 1 Equity Share for every 1 existing Equity Share held by the members of the company whose names appear on the Register of Members/Register of Beneficiaries as on June 12, 2010.
02-06-2010 " Infotech signs a long term agreement with Seawell AS".
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