ICSA Income from Operations increases by 12.24% in Q3FY11

• Income from Operations stood at Rs 365.21 Crores, up by 12.24 % compared to previous quarter.
• PAT stood at Rs 31.59 Crores, up by 7.30 %, compared to previous quarter.
• Basic EPS increased by 7.1 % to Rs 6.64, compared to previous quarter.

ICSA (India) Ltd, (BSE: 531524), provider of embedded technology solutions and infrastructure deployment services for the power sector, reported a increase of 12.24 % in its Income from Operations, which stands at Rs 365.21 Crores in the quarter ending December 31, 2010 as against Rs 325.38 Crores in the previous quarter ending September 30, 2010.

Similarly, PAT for the quarter ending December 31, 2010 stood at Rs 31.59 Crores as against Rs 29.44 Crores for the quarter ending September 30, 2010, an increase of 7.30 %.

Basic EPS for the quarter ending December 30, 2010 stood at Rs 6.64 as against Rs 6.20 for the quarter ending September 30, 2010, an increase of 7.1 %.  

Highlights
	Q3 FY 11	Q2 FY 11	% GROWTH
NET INCOME FROM OPERATIONS	Rs  365.21 Crores	Rs 325.38 Crores	12.24%
PAT	Rs 31.59 Crores	Rs 29.41 Crores	7.30%
BASIC EPS	Rs 6.64	Rs 6.20	7.10%

Similarly, Income from Operations which is Rs 365.21 Crores in the quarter ending December 31, 2010 increased by 16.62 % over the same period last year which was Rs 313.15 Crores.

Similarly, PAT for the quarter ending December 31, 2010 is Rs 31.59 Crores as against Rs 30.17 Crores for the corresponding period last year, showing an increase of 4.71%.

As a result Basic EPS for the quarter ending December 31, 2010 also increased by 3.75 % to Rs 6.64 from Rs 6.40 for the corresponding period last year.

The total order book for the company as on quarter ending December 31, 2010 stands at Rs 1781 Crores. The order book for ESS segment stands at Rs 123 Crores and that of IPS segment stands at Rs 1658 Crores.

Commenting on the results, Mr. G. Bala Reddy, Managing Director, ICSA (India) Ltd said, “As discussed earlier the quarter looked better in terms of order execution and recovery. Revenues from Infrastructure segment dominated the revenues which stood at 70 % of the overall mix while margins from individual segments remained broadly intact. As expected the IPS segment will end up contributing more in this financial year. We expect ESS to pick up from next few quarters onwards as most of the SCADA projects would be tendered in the next 3-6 months. All our efforts to strengthen technology sector are prompt and in the direction to see a traction from the year ahead.”

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.