allied digital q2 total income stands at rs. 65.22 crores, pat up by 125%
Highlights:
• Total Income for the quarter ended June 2007, stood at Rs. 65.22 crores
• Profit After Tax for the quarter ended June 2007, at Rs. 9.05 crores, up by 125%
• EPS for the quarter ending June 2007 increased by 108% inspite of increase in equity.
Allied Digital Services Limited(BSE: 532875) (NSE:, Systems Integrator and an IT Infrastructure Management Services Provider company today announced their quarter results with total income of Rs. 65.22 crores for the quarter ended June 30, 2007, an increase of 76.56% as compared to Total Income of Rs. 36.94 crores for the quarter ended June 06. The Net Profit after Tax for the quarter ended June 2007 was Rs. 9.05 crores as against a PAT of Rs. 4.03 crores for the quarter ended June 2006, an increase of 124.57%.
The share capital of the company has increased from Rs. 1,184 lacs in Dec-06 to Rs. 1,277 lacs presently, due to fresh issue of shares to the public.
Income from operation has seen the growth of 76.46% for the quarter ended June 30, 2007. During the quarter, Allied Digital has added several large customers like DSP Merry Lynch, Kotak Group and Pidilite Industries to name a few.
The Company has recently entered the capital market with Initial Public Offer (IPO) of 45,22,435 equity shares of Rs 10 each for cash at a premium. The net issue to the public comprised of 43,22,435 equity shares and 2, 00,000 equity shares were reserved for the employees. The issue received an overwhelming response from the public and was
oversubscribed by 60.88 times. The company plans to set up a state of the art Global Service Delivery Centre in Mumbai.
