Press release
ICSA Income from Operations up by 13.45 % in Q1 of FY 2011-12
Hyderabad, August 12, 2011: ICSA (India) Ltd, (BSE: 531524), provider of embedded technology solutions and infrastructure deployment services for the power sector, is pleased to announce its unaudited financial result with a 13.45 % rise in Income from Operations at Rs. 348.53 Cr for the quarter ended on 30th June 2011, as compared to Rs. 307.22 Cr in the corresponding period of the previous year.PAT (Profit After Tax) declined by 12.60 % when compared with corresponding quarter of the previous year, to Rs. 24.28 Cr for the quarter ended June 30, 2011 from Rs. 27.78 Cr for the quarter ended June 30, 2010.
Basic EPS for the quarter ending 30th June, 2011 stood at Rs. 5.07 as against Rs. 5.87 for the quarter ending 30th June, 2010, a decline of 13.63 %.
Similarly, Income from Operations which is Rs. 348.53 Cr for the quarter ending June 30, 2011 declined by 14.17 % over Rs. 406.08 Cr for quarter ending March 31, 2011.
Similarly, PAT for the quarter ending June 30, 2011 is Rs. 24.28 Cr as against Rs. 33.02 Crores for quarter ending March 31, 2011, showing a decline of 26.47 %.
As a result, Basic EPS for the quarter ending June 30, 2011 also declined by 26.84 % to Rs. 5.07 from Rs. 6.93 for quarter ending March 31, 2011.
The total order book for the company as on quarter ending June 30, 2011 stands at Rs. 1595 Cr. as against Rs.1496 Cr at the end of quarter ending March 31, 2011.
Commenting on the results, Mr. G. Bala Reddy, Managing Director, ICSA (India) Ltd said, “We’re pleased to announce our Q1 numbers for FY2011-12. Our performance in the quarter has been satisfactory and we hope to perform even better in the subsequent quarters.”
About ICSA (India) Ltd:
ICSA (India) Ltd is in the business of providing technology solutions to power utilities. It also deploys infrastructure in distribution and transmission sectors for different state utilities. The company's product line includes: Intelligent Automatic Meter Reading System, Multiplexer Unit, Distribution Transformer Monitoring System, Substation Controller, Micro Remote Terminal Unit, Theft Detection Devices, Pole Top RTU and SCADA solutions.
The company has developed products suitable for power utilities in the field of Energy Management, Energy Audit, and Control applications and provides versatile Data Acquisition Systems using GSM, CDMA, and RF.
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