Aztec net spurts to Rs 6.6 cr

BS 200 SCORECARD

Aztec Software has reported a spurt in net profit to Rs 6.6 crore for the fourth quarter of FY05 against Rs 18 lakh clocked in the same period last fiscal.

Consolidated revenue for the period was Rs 36.12 crore, a growth of 185 per cent over the corresponding quarter of the previous year (Rs 12.69 crore). For the full year FY05, net profit rose to Rs 17.89 crore (Rs 1.3 crore). Consolidated revenue reached Rs 98.15 crore, registering an increase of 137 per cent over Rs 41.4 crore posted during FY04.

Its board has recommended a 10 per cent dividend. On a sequential basis, the company's net for Q4 FY05 has grown by 42 per cent to Rs 6.6 crore from Rs 4.65 crore registered during Q3 FY05. Revenues were up 41 per cent to reach Rs 36.12 crore (Rs 25.59 crore).

Said V Chandrasekaran, MD & CEO of Aztec, "Our deep technical capabilities and the excellence of our team has led the company back into a phase of growth, profitability and excitement. Focused efforts during the fiscal have enabled us to acquire large clients who have scaled up and grown into high value relationships while laying a strong foundation for future growth."