Omnitech revenues for FY-11 up 58% at Rs 346 crore, declares dividend of Rs 2.70 per share
The EBITDA has increased by 58%; compared to that of the previous year. The EPS (Earnings per Share) stood at 37.36; as compared to 28.59 in the previous year.
By Agencies | Updated:
MUMBAI: Omnitech InfoSolutions announced its audited financial results for the year ended March 31, 2011. For FY 2010-11, on a consolidated basis, the company’s total revenue increased by 58 per cent to 346 crore; as compared to Rs 218 crore in the previous year. The net profit rose by 36% to Rs 52 crore; as compared to Rs 38 crore in the previous year.
The EBITDA has increased by 58%; compared to that of the previous year. The EPS ( Earnings per Share) stood at 37.36; as compared to 28.59 in the previous year. The company's board has also recommended dividend @27% i.e. 2.70 per share.
Commenting on the company's performance Atul Hemani, Managing Director and CEO said, "We have successfully achieved our guidance of 35% organic growth this year and it has been an all-round performance predominantly driven by Managed services business. Our Singapore JV has shown tremendous amount of traction in this fiscal and we have been able to penetrate deeper into BFSI space via our niche services. Our European acquisition is also shaping up well and the two months numbers definitely looks to be exciting. Omnitech is rightly poised in terms of infrastructure, people and processes to achieve the desired growth and we are definitely looking forward to achieve the multifold growth over the next couple of years."
The EBITDA has increased by 58%; compared to that of the previous year. The EPS ( Earnings per Share) stood at 37.36; as compared to 28.59 in the previous year. The company's board has also recommended dividend @27% i.e. 2.70 per share.
Commenting on the company's performance Atul Hemani, Managing Director and CEO said, "We have successfully achieved our guidance of 35% organic growth this year and it has been an all-round performance predominantly driven by Managed services business. Our Singapore JV has shown tremendous amount of traction in this fiscal and we have been able to penetrate deeper into BFSI space via our niche services. Our European acquisition is also shaping up well and the two months numbers definitely looks to be exciting. Omnitech is rightly poised in terms of infrastructure, people and processes to achieve the desired growth and we are definitely looking forward to achieve the multifold growth over the next couple of years."
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