Omnitech InfoSolutions Q1 revenues up by 8.44% to Rs.128 Crore

Aug. 16, 2012 - PRLog -- Mumbai, August 14, 2012: Omnitech InfoSolutions Ltd, India’s leading technology transformation company has announced its unaudited financial result for the quarter ended June 30, 2012.



The company has posted a topline of Rs.104.55 crore on a standalone basis for first quarter of financial year 2012-2013 against Rs.96.05 crore in the same quarter last year registering a growth of 8.84%. The net profit of the company for the said quarter is down by 50.74% at Rs.7.59 crore against Rs.15.4 crore. The standalone EBITDA for this quarter stands at Rs.29.76 crore against Rs.32.08 crore in same period last year.



The Q1FY13 consolidated sales of the company stands at Rs.128.01 crore up by 8.44% against Rs.118.05 crore of same quarter last year. The consolidated net profit of the company for the said quarter is down by 57.90% at Rs.5.45 crore against Rs.12.94 crore. The consolidated EBITDA for this quarter stands at Rs.28.38 crore against Rs.31.11 crore in same period last year.



The basic EPS for the first quarter of current financial year stands at Rs. 4.09 against Rs.9.54 same quarter last year.



Commenting on the result of the first quarter, Mr. Atul Hemani, Managing Director & CEO, Omnitech InfoSolutions Ltd said “I am pleased to announce the first quarter results of the company registering 8.44% growth in revenues. The firm improvement in company’s performance demonstrates the sustaining competency in the ever changing economy”



Talking about service offering Mr. Hemani said, “We are in process of introducing services in India from recently acquired company and commencement of offices in Far-East will thrust the growth of the company”



“I specially thank our investors and stakeholders for continued support & we look forward to perform better” added Mr. Hemani.



About Omnitech InfoSolutions Ltd

Omnitech is a global IT solutions and services provider company in the areas of business availability, business continuity and business enhancement services. With over 24 years of fostering client relationships, company is agile to establish the best global credentials through world class quality certifications. Besides the conduct of ISO 9001:2008 for quality management, Omnitech also gained ISO 20000, ISO 27001 and BS 25999 standards.



As an intensely technology focused company, Omnitech banks upon its ability to anticipate and address IT requirements across business in a cost effective manner. Omnitech InfoSolutions helps customers to align their IT with their business goals and offers value added services at different phases of their IT planning and deployment cycle. We help them to derive optimum utilization of their IT resources and lower their cost of operations. Within the broad direction, Omnitech innovates in order to compete successfully. Emerging as a pioneer in business continuity services, Omnitech introduced first of its kind disaster recovery centre in India meeting all the global standards, thereby demonstrating both its knowledge of technology and skills of implementation.



With continuous focus on the banking and finance segment, Omnitech launched their BFSI division in Far East region. The global BFSI division is headquartered in Far East and headed by banking veterans having prolonged experience from the industry (www.omnitechglobal.com).



For further information contact:

Ridhi Chaudhary

E-mail: ridhi@pranapr.com

M: 9833363497