ICSA's Q3 net at Rs 50 lakh

ICSA India Limited, a city-based software and embedded solution provider in power sector, has recorded a turnover of Rs 4.15 crore for the first nine months of the current financial year, which was a 71 per cent increase compared to the corresponding period in the last fiscal.

The company has registered Rs 2.42 crore turnover during the first three quarters of the last fiscal. The net profit recorded for the first nine months was Rs 50.19 lakh, which was more than 300 per cent increase when compared to the corresponding period in the last fiscal.

For the quarter ended December, the company registered a net profit of Rs 28 lakh (Rs 8 lakh during Q3 of last fiscal) on a turnover of Rs 1.8 crore (Rs 1.37 crore).

"The company has bagged a Rs 5-crore order from the government of Orissa. We are expecting a sizeable chunk of orders in the near future," said G Bala Reddy, the CMD of ICSA, in a press release on Tuesday.