ICSA FY 10 revenues at Rs 1,230 cr

• Revenue from operations for FY 10 shoots up by 11.81 % to Rs 1230.38 Cr. over FY 09.
• Net Profit after tax for FY 10 down by 15.10 % to Rs 129.78Cr.
• Order book stands at Rs.1835 Cr

ICSA (India) Ltd, (BSE: 531524), which provides embedded technology solutions and infrastructure deployment services for the power sector, is pleased to announce its unaudited results for the period ended March 31, 2010.

Revenue from operations for FY 10 stood at Rs 1230.38 Cr. as against Rs 1100.43 Cr. for FY 09, a growth of 11.81 %.The Profit after Tax (PAT) for FY 10 is down by 15.10 % to Rs129.78 Cr. as against Rs 152.86 Cr. for FY 09.

Basic EPS stands at Rs 27.56 per share of Rs.2/- each as compared to Rs 33.70 per share of Rs.2/- each for corresponding previous year, a drop of 18.21 %

The results for the Q4 FY10 show that the revenue from operations stood at Rs 300.42 Cr. as against Rs286.09 Cr for Q4 FY 09, registering a growth of 5.01%. Similarly, Profit after Tax (PAT) stood at Rs 27.12 Cr. for Q4 FY10 as against Rs 34.05 Cr, a decline of 20.38 %.

Similarly, comparing the Q3 and Q4 of FY 10, the Revenue from operations stood at Rs 300.42 Cr. as against Rs314.24 Cr for Q3 FY 10, a decline of 4.40%. Similarly, Profit after Tax (PAT) stood at Rs 27.12 Cr. for Q4 FY10 as against Rs 30.17 Cr. for Q3 FY 10, a decline of 10.12 %

Revenues from Wind power plant stood at Rs 9.44 Crores during the year.

The revenue contribution between ESS and IPS for the year stood at 34 % and 66 % respectively.

The order book for ESS stands at Rs 352 Crores and that of IPS segment stands at Rs 1483 Crores.

Commenting on the results, Mr. G Bala Reddy, CMD, ICSA India Ltd said, “We are pleased with these results. They are in accordance with our expectations looking at macroeconomic and policy changes. The margins for individual business segments stood in line with that of previous years”

“For the current year, the expectation on overall business appears to be similar as that of previous year. The IPS segment would dominate the overall revenue contribution and margins would span accordingly. However the orders from SCADA would commence from third quarter of the current financial year and revenues are expected to flow in subsequent year FY 12”

Developments during the year

• Entered the Supervisory Control And Data Acquisition (SCADA) business in India along with DongFang Electronics Company Limited , a China based SCADA solutions provider  
• Empanelled by Power Finance Corporation, Ministry of Power as SCADA Implementation Agency under RAPDRP program
• Entered into high end transmission business with bagging order for 400 Kv substation and transmission lines
• Bagged transmission lines and substation business from Power Grid Corporation India Limited 
• Started state of the art Smart Energy Meter manufacturing facility to enter into Smart Meter business segment

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.

For more details visit www.icsa-india.com.