- Net profit up by 36 % to 52 crore
- Company’s Board recommends dividend@ 27 % i.e. 2.70 per share
Omnitech InfoSolutions Ltd (BSE Code: 532882), India’s leading Business Availability and Business Continuity Solutions provider, announced its audited financial results for the year ended March 31, 2011.
For FY 2010-11, on a consolidated basis, the company’s total revenue increased by 58 per cent to 346 crore; as compared to 218 crore in the previous year. The net profit rose by 36% to 52 crore; as compared to 38 crore in the previous year.
The EBITDA has increased by 58%; compared to that of the previous year. The EPS (Earnings per Share) stood at 37.36; as compared to28.59 in the previous year. The company’s board has also recommended dividend @ 27% i.e. 2.70 per share.
Highlights of Q4 FY2011 on Q4 FY2010
Omnitech’s fourth quarter ended on March 31, 2011 reflected the total income of 102 crore, as compared to 66 crore reported in corresponding year. Company’s PAT stood at 8.5 crore, compared to11 crore in the previous corresponding quarter.
Commenting on the company’s performance Mr. Atul Hemani, Managing Director and CEO said, “We have successfully achieved our guidance of 35% organic growth this year and it has been an all-round performance predominantly driven by Managed services business. Our Singapore JV has shown tremendous amount of traction in this fiscal and we have been able to penetrate deeper into BFSI space via our niche services. Our European acquisition is also shaping up well and the two months numbers definitely looks to be exciting. Omnitech is rightly poised in terms of infrastructure, people and processes to achieve the desired growth and we are definitely looking forward to achieve the multifold growth over the next couple of years.
Key highlights of FY 2010-11
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About Omnitech InfoSolutions Ltd
Omnitech is a global IT solutions and services provider company in the areas of business availability, business continuity and business enhancement services. With over 23 years of fostering client relationships, company is agile to establish the best global credentials through world class quality certifications. Besides the conduct of ISO 9001:2008 for quality management, Omnitech also gained ISO 20000, ISO 27001 and BS 25999 standards.
As an intensely technology focused company, Omnitech banks upon its ability to anticipate and address IT requirements across business in a cost effective manner. Omnitech InfoSolutions helps customers to align their IT with their business goals and offers value added services at different phases of their IT planning and deployment cycle. We help them to derive optimum utilization of their IT resources and lower their cost of operations. Within the broad direction, Omnitech innovates in order to compete successfully. Emerging as a pioneer in business continuity services, Omnitech introduced first of its kind disaster recovery centre in India meeting all the global standards, thereby demonstrating both its knowledge of technology and skills of implementation.