|
|
Total Income |
Rs. 829 mn |
|
EBIDTA |
Rs. 140 mn |
|
PBT |
Rs. 27 mn |
|
PAT |
Rs. 22 mn |
Financial HIGHLIGHTS for Q3 of 2008:
|
o |
Operational income declines on both Q on Q and Y on Y basis. |
|
|
|
o |
Nine month revenues have grown by 32% Y on Y. Company has
posted consolidated revenues of RS. 2648 mn
for the nine months ended 30th Sep 08 as compared to Rs.1929 mn
for the corresponding nine months last year. |
|
|
|
o |
Considering the current liquidity crunch worldwide and an
uncertain economic climate the company is going slow on
accepting orders without immediate cash flow and has also
reduced its exposure to current customers whose payment
schedules are uncertain. This has resulted in significant
drop in revenues for the Quarter some of which may accrue
back in the next few Quarters along with the cash flows
associated with them. The company is also putting in place
several cost cutting measures including leasing out unused
space etc. |
|
|
|
o |
The
company had added two large customers in telecom during the
Quarter and the company bagged 6 new out sourcing deals this
Quarter for its Blueally division. |
|
|
|
o |
The
strong US Dollar has helped the company for the current
quarter and the company expects this to benefit the company
for the next quarter also. |
Hyderabad, October 30, 2008: - Megasoft Limited (BSE CODE
NO:532408), a transnational Intellectual Property-driven,
product-based technology company, has reported a consolidated
Income of Rs. 829 mn and PBT of Rs. 27 mn for the quarter ended
Sep 30, 2008 as compared to Income of Rs. 728 mn and PBT of
Rs.155 mn in the corresponding quarter last year.
Commenting on the results, Mr. GV Kumar, Managing Director &
CEO, Megasoft Ltd., said “There is no doubt that the economic
crisis has affected the entire world and growth rate of overall
telecom industry. Now we are more focused on our higher end,
larger customers and cash flow centric business and are viewing
new growth opportunities conservatively. We are prudent on
investment for growth while continuing to ensure we are a
stable, strong partner for our many customers in this
unpredictable environment,” he further 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 |
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