|
Financial highlights for first quarter ended in March 2010:
|
o |
The company which posted a loss of Rs. 4.57 crores for the
quarter ended December 2009, has returned back to
profitability in Q1 2010, posting a net profit of Rs.4.17
Crore.
|
|
o |
EPS jumps to Rs 0.94r.
|
|
o |
EBIDTA stands at Rs 12.84 crore.
|
|
o |
Operational profit increases both Q on Q and Y on Y basis.
|
|
o |
Improved cash collections results in debtor days reduced to 110
days from 240 days Y on Y basiso.
|
|
o |
Strong cash flows enabled the
company to retire Rs. 26 crore of Debt during the quarter alone.
|
|
o |
Growth in US Pre-paid mobile market benefitting the company
through increased revenues from this sector.
|
Hyderabad, May 13, 2010: - Megasoft Limited (BSE CODE
NO:532408), a transnational Intellectual Property-driven,
product-based telecommunications technology company, has
reported a robust financial performance for the quarter ending
31 Mar 2010. While the company’s revenues declined after the
divestment of its IT Services (BlueAlly division) last year, it
returned profitability on the back of cost of a good performance
by the telecom division.
“The company is clearly seeing growth back in the telecom
sector. With all the cost optimization measures put in place
last year, we are operating on a 30% EBITDA levels currently.
The company has been generating operating cash surplus months on
month since November 2009, which is helping in debt reduction
and thus reducing the interest cost burden.” said GV Kumar,
Managing Director, Megasoft Ltd.
"We are witnessing a good business momentum in the wireless
markets. We are particularly encouraged by some of the recent
wins and new product launches, that have the potential to give
us significant growth this year” he added. |
|
|
Contact Us |
INDIA
Phone: +91 (40) 4033 0000
Fax: +91 (40) 4013 3555
US
Phone: +1-703-793 0101
Fax: +1-703-793 9619
Email us
Other Locations |
|
