ICSA India Ltd. FY 11 income from operations up by 13.45 %

Income from Operation increased by 13.45 % to Rs 1403.88 Cr; PAT increased by 3.11 % to Rs 125.63 Cr; Declared a dividend of Rs 1.80 (90 %); Company Order book as on 31st March 2011 stands at Rs 1496 Cr

Hyderabad, Andhra Pradesh, May 20, 2011 /India PRwire/ -- Hyderabad based ICSA (India) Ltd, (BSE: 531524), provider of embedded technology solutions and infrastructure deployment services for the power sector, is pleased to announce its audited financial results for the period ended March 31, 2011.

Income from operation for FY 11 stood at Rs 1403.88 Cr as against Rs 1237.45 Cr for FY 10 showing an increase of 13.45 %

The Profit after Tax (PAT) for FY 11 is up by 3.11 % to Rs125.63 Cr as against Rs 121.85 Cr for FY 10.

Basic EPS for FY 11 is up by 2.20 % to Rs 26.44 as compared to Rs 25.87 for FY 10

The board has also declared a dividend of Rs 1.80 (90 %) for FY 11 as against Rs 1.60 (80 %) for FY 10, up by 12.5 %.

The results for the Q4 FY11 show that the Income from operation stood at Rs 406.08 Cr as against Rs 365.21 Cr for Q3 FY 11 showing an increase of 11.19 %. Similarly, Income from operation increased 35.17 % to Rs 406.08 Cr as against Rs 300.42 Cr for the corresponding period last year.

Profit After Tax (PAT) stood at Rs 33.02 Cr for Q4 FY11 as against Rs 31.59 Cr for the Q3 FY 11 showing an increase of 4.55 %. Similarly Profit After Tax increased 21.79 % to Rs 33.02 Cr as against Rs 27.12 Cr for the corresponding period last year.

Commenting on the results, Mr. G Bala Reddy, CMD, ICSA India Ltd said," we are pleased to note that ICSA India Ltd. has come out with good numbers in FY 10-11. We will continue to emphasize more on strategy with discipline in execution which will help us to strengthen our services nationally while maintaining profitability. We promise to continue delivering maximum value to the growth of all our clients and stakeholders"

Notes to Editor

About ICSA (India) Ltd:

ICSA (India) Ltd is in the business of providing technology solutions to power utilities. It also deploys infrastructure in distribution and transmission sectors for different state utilities. The company's product line includes: Intelligent Automatic Meter Reading System, Multiplexer Unit, Distribution Transformer Monitoring System, Substation Controller, Micro Remote Terminal Unit, Theft Detection Devices, Pole Top RTU and SCADA solutions.

The company has developed products suitable for power utilities in the field of Energy Management, Energy Audit, and Control applications and provides versatile Data Acquisition Systems using GSM, CDMA, and RF.

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