Infotech Enterprises Limited = RESULTS = FOR Q2 FY 2012 = Q/E DEC,2011 = NET SALES UP 33% YoY; NPT DOWN 17%YoY DUE TO EXCEPTIONAL ITEM

Infotech Enterprises Limited

NSE Symbol        INFOTECENT

INFOTECH ENTERPRISES has Consolidated declared its Results for Q3 FY 2012.

Net Sales stands at Rs.416.52 cr in Q3 FY 12 – compared to Rs.372.60 Cr (Up by 11.79%) in previous qtr of Q2 FY 12; and Rs.313.82 Cr (Up by 32.73%) in corresponding Qtr of Q3 FY 11.

Total Expenditure stands at Rs.345.08 cr in Q3 FY 12; compared to Rs.326.32 cr (Up by 5.75% ) in Q2 FY 12; and Rs.278.27 Cr (Up by 24.01%) in Q3 FY 11.

Profit from Operations stands at Rs.71.44 cr in Q3 FY 12; compared to Rs.46.28 Cr (Up by 54.36%) in  Q2 FY 12; and Rs.35.55 Cr (Up by 100.96%) in Q3 FY 11.

Profit before tax stands at Rs.48.07 cr in Q3 FY 12 – compared to Rs.44.41 Cr (Up by 8.24%) in Q2 FY 12; and Rs.45.01 Cr (Up by 6.8%) in Q3 FY 11.

There is an Exceptional items Expense in Q3 FY 12 of Rs.37.51 Cr which has reduced the NPT and C-NPT  considerably, though OPT was 101% more than corresponding qtr.

Tax Expense stands at Rs.17.15 cr in Q3 FY 12; compared to Rs.15.35 Cr (Up by 11.73%) in Q2 FY 12; and Rs.7.65 cr (Up by 124.18%) in Q3 FY 11.

Net Profit  stands at Rs.30.92 cr – compared to Rs.29.06 CR (up by 6.40%) in Q2 FY 12, the previous qtr; and Rs.37.36 Cr (down by -17.24%) in Q3 FY 11.

Consolidated NPT stands at Rs.33.96 cr in Q3 FY 12; compared to Rs.30.74 cr (Up by 10.47%) in Q2 FY 12; and Rs.36.84 Cr (down by -7.82%) in Q3 FY 11.

On a Face value of Rs.5, the Basic EPS in Q3 FY 12 is Rs.3.05; Rs.2.76 in Q2 FY 12; and Rs.3.31 in Q3 FY 11.

The annual EPS can be around Rs.12.

The current Market Price is Rs. 130.50, while the  52 week high price is Rs.175 and the 52 week low price  is Rs.101.25.

The PE Ratio is 10.88.

ANNOUNCEMENTS BY COMPANY

03-11-2011        Infotech Enterprises has acquired the remaining 26% stake in Infotech Geospatial (India) Limited (IGIL). With the acquisition of the said stake, IGIL has become a wholly owned subsidiary of the Company.

28-10-2011         As opposed to an average of 10% payout ratio in the past, the board decided to enhance the payout ratio up to 20% of the Profit After Tax (on consolidated basis). Also - To declare an interim dividend of 25% ( Rs 1.25 per share on a face value of Rs 5) for the financial year 2011-12, as against a final dividend of 25% for the financial year 2010-11.

CONSOLIDATED RESULTS TABLE

INFOTECH -CONSOL	Q3FY12	Q2FY12	%DIF1	Q3FY11	%DIF2
Net Sales	41652	37,260.00	11.79	31,382.00	32.73
Traded goods	1230	1,098.00	12.02	1,318.00	-6.68
Employees Cost	24946	23,497.00	6.17	19,674.00	26.8
Depreciation	1423	1,230.00	15.69	1,223.00	16.35
Other Expenditure	6909	6,807.00	1.50	5,612.00	23.11
Total Expenditure	34508	32,632.00	5.75	27,827.00	24.01
Profit from Operations	7144	4,628.00	54.36	3,555.00	100.96
Other Income	1442	-138		963	49.74
Interest	28	49		17	64.71
Exceptional items	3751	-		-
Profit before tax	4807	4,441.00	8.24	4,501.00	6.8
Tax Expense	1715	1,535.00	11.73	765	124.18
Net Profit	3092	2,906.00	6.40	3,736.00	-17.24
Minority Interest	-7	5		6	-216.67
Shares of Associates	-297	-173	71.68	46	-745.65
Consolidated NPT	3396	3,074.00	10.47	3,684.00	-7.82
Face Value (in Rs.)	5	5	0.00	5	0
Paid-up Equity	5570	5,570.00	0.00	5,564.00	0.11
Basic EPS	3.05	2.76	10.51	3.31	-7.85
Public holding (%)	77.12	77.05	0.09	76.99	0.17

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