Vakrangee Softwares Limited
RESULTS FOR
Q2 FY 2013 (SEP,2012)
Vakrangee
Softwares has produced very good results for the q/e Sep,2012.
HIGH LIGHTS
Net Sales for Q2
FY13 stands at Rs.361.35 Cr; up by 6.47% from Q1 FY 13 (Rs.339.41 Cr); and up
by 15.78% from Q2 FY 12 (Rs.312.1 Cr)
Total Expenditure for Q2 FY13 stands at Rs.308.84 Cr; up by 5.73% from Q1 FY 13 (Rs.292.11 Cr);
and up by 10.95% from Q2 FY 12 (Rs.278.36 Cr).
Profit before Intt, Dep.
& Taxes for Q2
FY13 stands at Rs.5251.74 Cr; up by 11.03% from Q1 FY 13 (Rs.47.3 Cr); and up
by 55.65% from Q2 FY 12 (Rs.33.74 Cr).
Net Profit for Q2
FY13 stands at Rs.24.5 Cr; up by 19.69%
from Q1 FY 13 (Rs.20.47 Cr); and up by 51.49% from Q2 FY 12 (Rs.16.17Cr).
Diluted EPS for
Q2 FY13 stands at Rs.0.48; compared to Rs.0.41 in Q1 FY 12 and Rs.0.32 in Q2 FY
12 on Rs.25 Cr equity (half of current equity).
CURRENT MP :52.20
52 week high/low
price
: 641.00/29.90
More details are in the
Table Below :-
|
VAKRANGEE
SOFT
|
30-Sep-12
|
%Dif
QoQ
|
30-Jun-12
|
%Dif
YoY
|
30-Sep-11
|
31-Mar-12
|
31-Dec-11
|
|
Net
Sales
|
36135.49
|
6.47
|
33940.83
|
15.78
|
31209.96
|
45197.35
|
34058.3
|
|
Total
Expenditure
|
30883.75
|
5.73
|
29210.84
|
10.95
|
27835.97
|
40173
|
30022.35
|
|
Profit before Intt, Dep. & Taxes
|
5251.74
|
11.03
|
4729.99
|
55.65
|
3373.99
|
5024.35
|
4035.95
|
|
Net
Profit
|
2449.99
|
19.69
|
2046.93
|
51.49
|
1617.27
|
1981.27
|
1726.94
|
|
Diluted
EPS
|
0.48
|
20
|
0.4
|
-92.58
|
0.32
|
0.39
|
6.9
|
|
Net Sales
|
36135.49
|
6.47
|
33940.83
|
15.78
|
31209.96
|
45197.35
|
34058.3
|
|
Changes
in inventories of FG,WIP,SIT
|
-61.88
|
-224.86
|
49.56
|
-68.96
|
-199.35
|
67.7
|
65.46
|
|
Cost of
materials
|
26438.27
|
6.64
|
24791.49
|
2.71
|
25741.24
|
36499
|
26701.03
|
|
Employee
benefits
|
526.27
|
80.06
|
292.28
|
169.9
|
194.99
|
339.11
|
302.47
|
|
Depreciation
|
3747.34
|
4.21
|
3595.85
|
104.11
|
1835.93
|
2982.41
|
2511.39
|
|
Other
expenses
|
233.75
|
-51.47
|
481.66
|
-11.18
|
263.16
|
284.78
|
442
|
|
Total expenses
|
30883.75
|
5.73
|
29210.84
|
10.95
|
27835.97
|
40173
|
30022.35
|
|
Profit before tax
|
3357.57
|
21.18
|
2770.73
|
44.57
|
2322.38
|
3019.91
|
2554.18
|
|
Tax
Expenses
|
907.58
|
25.39
|
723.8
|
28.71
|
705.11
|
1038.64
|
827.24
|
|
Net Profit
|
2449.99
|
19.69
|
2046.93
|
51.49
|
1617.27
|
1981.27
|
1726.94
|
|
Face
Value (Rs )
|
1
|
0
|
1
|
0
|
0
|
1
|
0
|
|
Paid-up
Equity
|
5021.96
|
0.34
|
5004.8
|
100.78
|
2501.17
|
2502.4
|
2501.17
|
|
Basic
EPS
|
0.49
|
19.51
|
0.41
|
-92.43
|
0.32
|
0.4
|
|
|
Diluted
EPS
|
0.48
|
20
|
0.4
|
-92.58
|
0.32
|
0.39
|
6.9
|
|
Public holding
(%)
|
65.71
|
-6.34
|
70.16
|
-6.36
|
70.17
|
70.16
|
70.15
|
Key Financial Highlights
Net Sales stood at Rs.361.35
Cr in Q2FY12-13 as against Rs. 312.11 Cr for the corresponding quarter last
year, registering a growth of 15.8%
EBITDA stood at Rs.91.40 Cr in Q2FY12-13 as against Rs.52.64 Cr
for the corresponding quarter last year, registering a growth of 73.6%
EBITDA margin is 25.3%
as against 16.9% for the corresponding quarter last year
PAT stood at Rs.24.50 Cr
in Q2FY12-13 as against Rs.16.17 Cr for the corresponding quarter last year,
registering a growth of 51.5%
EPS (basic) for the face value of Rs.1/- stood at Rs. 0.49 in Q2FY12-13 as
against Rs. 0.32 in Q2FY11-12
About Vakrangee Softwares Limited
Incorporated in 1990, the Company is
a pioneer and an established player in e-Governance domain. It is well equipped
with cutting edge infrastructure, highly experienced professionals, strong
investment and technological breakthrough on a continual basis in order to
maintain strict time-bound completion of mission critical and socially relevant
projects.
The Company has been certified with
CMMI Maturity Level 3, ISO 9001:2008, ISO 20000:2005 and ISO 27001:2005.
It
has been awarded 18th rank in the Deloitte Technology Fast50 India 2011
program; 226th rank in Technology Fast 500 Asia pacific 2011; identified as one
of the 100 Best Mid Size Companies in India as per Business World (July 16,
2007 Issue); featured in The Economic Times ET-500 Best Companies in 2006-07;
and in the list of the Top 250 Technology fast Asia Pacific Companies of 2003
& 2004 by Deloitte Touche Tohmatsu.
ANNUAL REPORT – FY 2011-12 - SUMMARY
• Emerged as the #2 implementer of AADHAR in terms of the data
uploaded – we achieved this distinction despite the fact that we began our
implementation later than all other entrants.
• Creating the largest chain of village services supermarkets – The
Citizens Service Centres which will deliver G2C,B2C, and B2B services at the
village level.
• Successfully implemented the Haryana PDS pilot project – an
important proof of concept that will be replicated across the country.
• Rewarded our shareholders by declaring a 1:1 bonus, while our
market valuation has reached an all time record of 1384 Crs as on March 31,
2012.
|
Consolidated
|
||||
|
2011-2012
|
2010-2011
|
YoY Growth%
|
||
|
Sales&O.Income
|
1357.82
|
890.28
|
52.52
|
|
|
ProfitBeforeTax
|
102.91
|
66.81
|
54.03
|
|
|
Prov.for Itax
|
20.34
|
14.35
|
-
|
|
|
Prov.for Def.Tax
|
11.7
|
4.31
|
-
|
|
|
Net Profit
|
70.87
|
48.15
|
47.19
|
|
|
Appropriations:
|
||||
|
ProposedDividend
|
0.2
|
2
|
||
|
EPS
|
1.42
|
1.07
|
32.71
|
|
PERFORMANCE
Consolidated:
During the year, your Company recorded the
total income of `1357.82 Crs from Rs.890.28 Crs in previous year, a growth of
52.52%. The EBITDA stood at Rs.246.16 Cr from Rs.139.48 Cr in previous year, an
increase of 76.48%. Profit after Tax was increased to Rs.70.87 Crs from Rs.48.15
Crs in previous year, up by 47.19%.
DIVIDEND
Your Directors recommended a dividend of Rs.0.20 per equity
share
SHARE
CAPITAL: During
the year,
(a) has allotted 12,20,000 Equity Shares
having face Value of `10 each to M/s. Vakrangee Holdings Private Limited NJD
Holdings Private Limited) (one of the Promoter Group Companies) upon conversion
of equitable number of Fully Convertible Warrants issued on Preference basis.
During the year, the Company passed
special Resolution (by way of Postal Ballot) for (a) sub-division of each
Equity share of the Company having face value of Rs.10 each into 10 Equity
shares having Face Value of Rs.1 each,
and (b) Capitalization of Reserves of the Company by issuance of Bonus shares
in the ratio of 1:1. The record date for both the Corporate Action was April
13, 2012.
Post the aforesaid Corporate Actions,i.e.
as of April 14, 2012, issues & allotments except allotment of Bonus shares which took
place on April 14, 2012), the paid-up share capital of the Company stands
increased to 500479580 shares of Rs.1 each aggregating to Rs.50,04,79,580.
The Company has the following subsidiaries:
• Vakrangee IT Solutions Limited : We hold 100% of Equity Share capital of
the Company, originally incorporated as V-Techno Services Limited, Vakrangee IT
Solutions Limited has proprietary softwares like Document Management Services
(DMS), Human Capital Management (HCM) and School ERP which are ready to be
utilized in years to come.
• e-Doc Vision Infotech Pvt. Ltd.: The Company is to focus on consultancy on document and business
process outsourcing to various customers. e-Doc Vision provides state of the
art technology solutions. The Company has been allotted an Industrial plot
admeasuring to 5 Acres from HSIIDC at IMT Manesar, Haryana, where on the
Company is planning to develop an IT Centre. The project shall be financed
partly by Vakrangee Softwares Limited in form of equity and partly by debt from
outsiders.
• Vakrangee e-Solutions INC. : We hold 100% of Equity Share capital of
the Company which is incorporated in the financial year 2009-10 at Philippines
for implementing the project we have bagged for Digitization of critical
records for Govt. of Philippines by setting up digitization centers all over
Philippines.
• Vakrangee Finserve Limited : Vakrangee Finserve Limited is a 100%
Subsidiary of the Vakrangee Softwares limited,
incorporated in September 2011 with a focus on working as Business
Correspondent for various Banks under the BC Model of Reserve Bank of India
(2006) in the area of Financial Inclusion. The Company has already signed
agreements with State Bank of India, Bank of India and Union Bank of India for
carrying out BC services for these banks in identified Gram Panchayats. The
services include opening of Bank Accounts, Deposits, Withdrawals and
remittances. Besides, the company would provide Business Facilitator Services
to these banks which involve mobilization deposits and loans.
The company has a plan to extend its
network to about 5000 outlets across the country in the next three years.
* * *
E N D * * *
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