Glodyne Technoserve Q3 revenues up 38.71% at Rs 686.72 cr
Announcement / Corporate Feb 10, 2012, 18:03 IST
Glodyne Technoserve Limited, the leading technology services company reported today its consolidated unaudited financial results for the quarter ended December 31, 2011.
Consolidated results for the quarter ended December 31, 2011
· Income at Rs 686.72 cr. 38.71% YoY growth
· PAT at Rs 57.35 cr. 12.29% YoY growth
· EPS at Rs 13.01 against Rs 11.68 last year (*EPS adjusted for face value split from Rs 10 to Rs 6)
· EPS non GAAP at 14.79
· EBITDA at Rs 117.38 cr. 35.90% YoY growth
Standalone results for the quarter ended December 31, 2011
· Income at Rs 398.90 cr. 66.18% YoY growth
· PAT at Rs 75.14 cr. 82.46 % YoY growth
· EPS at Rs 17.05 against Rs 9.42 YoY (*EPS adjusted for face value split from Rs 10 to Rs 6)
· EBITDA at Rs 103.11 cr. 69.48% YoY growth
For the third quarter of the financial year 2011-12 (Q3 FY12) on a consolidated basis, revenue grew by 38.71 % over Q3 FY11 to Rs 686.72 cr. EBITDA grew by 35.90% over Q3 FY11 to Rs 117.38 cr. Net profit for Q3 FY12, was Rs 57.35 cr, up 12.29 % over Q3 FY11. The basic EPS for the quarter is at Rs13.01 against Rs11.68 for the corresponding period last year.
Commenting on the results, Annand Sarnaaik, CMD, Glodyne Technoserve Limited said, “The quarter saw a good performance even in these uncertain environments with a robust revenue growth of 38.71% year on year. Our platform based services have been tracking well, as it is clear from the successful roll-out of ambitious and transformational projects for the Country. Moving forward, our strategy will be to strengthen Glodyne’s position for customers in the geographies we serve and to emerge as a strong force in our space. We see an overall positive trend in the market for platform based services with a strong growth potential for the upcoming years”
The board today has approved the proposed nomination of Mr. Surjeet Singh as an Executive Director of the Company; the same is subject to shareholders’ approval.
Corporate Highlights:
• Completed the pilot of ‘Mahashramm’ – the largest urban labour management project in Maharashtra and initiated the State wide roll out of the same
• 9 new clients added by Glodyne and its subsidiaries in the quarter
• Winner at the Deloitte Technology Fast 500 Asia Pacific Program 2011
• CMD was the winner of the Outstanding Entrepreneurship Award at the prestigious Asia Pacific Entrepreneurship Awards
Business Outlook:
For the fiscal 2012, the consolidated revenue is expected to be in the range of Rs 2607 cr to Rs 2634 cr and is revised upwards from the earlier guidance of Rs 2557 cr to Rs 2586 cr.
Glodyne is mis-managed by its promoters as in spite of claiming huge orders and revenues company does not have cash to settle contractor payments , which will prevent the dividend payout.
I think media should do some frisking before giving any space to bogus announcements
made by such companies
Glodyne is worth doing Indian Govt. projects only. Glodyne can Never work for US projects as US clients need professionalism which Glodyne lacks , Traps employees by keeping 3 months salary balance , Traps vendors by keeping 4-5 months balance .Do you want to be their slave throughout your life then only buy their shares?
Bhagavad Gita Vs Chanakya Niti Glodyne belives in Chanakya Niki (Shrwed Niti). We believe in Bhagavad Gitya. Truth prevails finally. You can fool some people always All people some times but you cannot fool all people all times.Follow ethics in profession and do not dare to publish this growth stories when you do not pay to employees & vendors for 3-5 months and damage society culture & economy
Reincarnation of Ramalinga Raju-Annand Sarnnaik
Don 2 repeating Satyam 2 Story Inflating stock prices by giving fake & paid news in all news papers
Not paid salary to employees for 3 months
Not paid 4-5 months bills to vendors
Traps employees by keeping 3 months salary
Traps vendors by keeping 4-5 months balance
Do you want to be slave of Glodyne by investing money in its share, then only buy Glodyne shares
Posted by: Rahul P
February 17 , 2012, 16:14 IST
I am more worried about my 500 shares of Glodyne . Shall I write to SEBI ?
Glodyne technoserve is a fraud company publishing false news about their companies growth. Please do NOT buy Glodyne Technoserve shares as it is a repetition of Satyam Story...
BEWARE Share Brookers !!!!
I am afraid of satyam story again here, company which cant pay to employees and vendors can never have such financials. Auditing needs to be stringent.
Some of my friends working with Glodyne Technoserve have expressed their concerns that Company is NOT paying to their employees and vendors.
Looks like they have ran out of money and are exploiting Employees. Their financial details also seems doubtful.
Posted by: Krish
February 26 , 2012, 09:14 IST
You better be genuine when you are discussing about a company in public forums for the company and investors can sue for different reasons under the provision of law. I am not so sure but do believe even investors can take you to court if they had sold out in panic and suffered a loss. And you should be complaining to the concerned authorities. Have you officially sent your complaint to the company and the authorities concerned?
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