Hi,
Please find attached and enclosed press release on ‘Omnitech InfoSolutions Q1 Revenue up by 37% to Rs.96 Crore’. Also find attached the Unaudited Consolidated Financial Results for the Quarter ended on 30th June, 2011.
Press release Omnitech InfoSolutions Q1 Revenue up by 37% to Rs.96 Crore
Mumbai, July 29, 2011: Omnitech InfoSolutions Ltd (BSE Code: 532882), India’s leading Business Availability and Business Continuity Solutions provider, announced its first quarter results, ended June 30, 2011.
The company has posted a topline of Rs 96.03 Crore on a standalone basis for the first quarter ended June 30, 2011, as against Rs 69.92 Crore for the same quarter last year registering a 37.3% growth. The net profit during the corresponding periods was up 17% at Rs 15.4 crore as against Rs 13.18 crores. The consolidated sales for Q1 were up at Rs 118.01 crore as against Rs 74.55 crore for the same period last year.
The standalone EBITDA for this quarter stood at Rs 32.14 Crore as against Rs 22.79 Crore for the same period last year. The consolidated EBITDA for this quarter stood at Rs 31.17 Crore as against Rs 23.82 Crore for the same period last year. The standalone EPS works out to Rs 11.05for the Q1 as against Rs 9.51 for the first quarter last year.
Commenting on the performance of the first quarter, Mr. Atul Hemani, Managing Director, Omnitech InfoSolutions Ltd said “We are happy with the performance and expect to continue better in future as we are on the growth path.”
Talking about the future organic growth plans, Mr. Hemani said, “As we are currently present in Asia,
On an inorganic growth front, Mr. Hemani commented that “We are keeping our eyes and ears open for an opportunity in the domestic and Asia Pacific market and we are looking at some strategic alliances to grow further. In the International market we are looking out for targets in the
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
With continuous focus on the banking and finance segment, Omnitech launched their BFSI division in
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