Tele Data profit up 190%

BS 200 Scorecard

Teledata Informatics has reported a growth of 189 per cent at Rs 123.04 crore for the quarter ended March 31, 2007 compared with Rs 42.50 crore in the same period in the last financial year. Net sales grew by 69 per cent to Rs 353.62 crore from Rs 208.58 crore.

For the full year ended March 31, 2007, the consolidated profit after tax reported a growth of 228 per cent at Rs 489.73 crore compared with Rs 149.06 crore last year. Consolidated net sales grew by 264 per cent to Rs 3778.19 crore from Rs 1037.85 crore.

The company continued its acquisition and consolidation process, even as it embarked on an expansion spree in line with its inorganic growth plan. The number of employees on Teledata's rolls increased from 2,100 last year to 3,750 this year.

In January this year, Teledata had announced plans to hive off Teledata Marine Solutions and Teledata Technology Solutions into three separate entities, thereby unlocking and enhancing shareholder value. The demerger is expected to be completed by May 2007. Post-merger, all three entities will be listed separately on the bourses.

Bombay Stock Exchange as well as the National Stock Exchange, with Teledata Technology Solutions shifting its headquarters to Chandigarh.

As part of upcoming plan, in 2007-08, Teledata will invest Rs 250 crore to set up a PC manufacturing unit at Baddi in Himachal Pradesh which will be operational in the third quarter of the year. The plant will have an installed capacity of 1,200,000 units. Teledata is also setting up a 50,000 square feet facility in Chennai which is expected to be operational by July this year.

Teledata continues to be a leader in ship management software solutions and has a presence in 48 countries. In the fourth quarter of 2006-07, Teledata invested $150 million, which included $105 million to acquire majority stakes in eSys Technologies of Singapore, a company with revenues of $1.6 billion.