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Infotech Enterprises
For 2QFY2012, Infotech Enterprises reported good set of results. USD revenue
came in at US$81.4mn, up 5.0% qoq, on the back of 5.0% qoq volume
growth. The network and content engineering vertical witnessed volume
growth of 6.4% qoq, while the engineering manufacturing and industrial
products vertical reported 4.1% qoq volume growth. In INR terms, revenue
came in at `372.7cr, up 7.5% qoq, on account of 1) 5.0% qoq volume growth,
2) 0.3% qoq positive impact because of increased price realization and 3)
2.2% qoq gain on the back of INR depreciation against USD in 2QFY2012.
The company reported 318bp and 321bp expansion in its EBITDA and EBIT
margins to 15.7% and 12.7%, respectively, on the back of 190bp qoq positive
impact derived from higher operational efficiency, which was partially because
of higher utilization level, 100bp qoq gain from qoq INR depreciation against
USD and 30bp positive impact on account of increased price realization. PAT
came in at `31cr, impacted by forex loss. The stock is currently under review
we will be releasing a detailed result update shortly.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Infotech Enterprises
For 2QFY2012, Infotech Enterprises reported good set of results. USD revenue
came in at US$81.4mn, up 5.0% qoq, on the back of 5.0% qoq volume
growth. The network and content engineering vertical witnessed volume
growth of 6.4% qoq, while the engineering manufacturing and industrial
products vertical reported 4.1% qoq volume growth. In INR terms, revenue
came in at `372.7cr, up 7.5% qoq, on account of 1) 5.0% qoq volume growth,
2) 0.3% qoq positive impact because of increased price realization and 3)
2.2% qoq gain on the back of INR depreciation against USD in 2QFY2012.
The company reported 318bp and 321bp expansion in its EBITDA and EBIT
margins to 15.7% and 12.7%, respectively, on the back of 190bp qoq positive
impact derived from higher operational efficiency, which was partially because
of higher utilization level, 100bp qoq gain from qoq INR depreciation against
USD and 30bp positive impact on account of increased price realization. PAT
came in at `31cr, impacted by forex loss. The stock is currently under review
we will be releasing a detailed result update shortly.
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