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Infotech Enterprises
For 1QFY2012, Infotech Enterprises (Infotech) reported a good performance.
The company’s dollar revenue came in at US$77.5mn, up 7.8% qoq, on the back of 5.6%
qoq volume growth. The network and content engineering vertical witnessed volume
growth of 4.4% qoq, while the engineering manufacturing and industrial products vertical
reported strong 6.3% qoq volume growth. In rupee terms, revenue came in at `346.7cr,
up 6.4%. The company reported a 180bp and 136bp decline in its EBITDA and EBIT
margins to 12.5% and 9.2%, respectively, due to wage hikes given from April 1, 2011.
PAT came in at `27cr, aided by lower interest expense qoq. 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 1QFY2012, Infotech Enterprises (Infotech) reported a good performance.
The company’s dollar revenue came in at US$77.5mn, up 7.8% qoq, on the back of 5.6%
qoq volume growth. The network and content engineering vertical witnessed volume
growth of 4.4% qoq, while the engineering manufacturing and industrial products vertical
reported strong 6.3% qoq volume growth. In rupee terms, revenue came in at `346.7cr,
up 6.4%. The company reported a 180bp and 136bp decline in its EBITDA and EBIT
margins to 12.5% and 9.2%, respectively, due to wage hikes given from April 1, 2011.
PAT came in at `27cr, aided by lower interest expense qoq. The stock is currently under
review. We will be releasing a detailed result update shortly.
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