Kavveri Telecom Q4 revenue up 42%, Net jumps 16%

Kavveri Telecom, a leading telecom equipment manufacturer, which provides world class hardware products and solutions for the telecom, defence and space industry today reported its quarterly profit & revenue numbers with a 42% rise in revenue and a 16% jump in the net profit for the quarter ended March 31, 2011 when compared to corresponding quarter of previous year.

While the company saw its net profit touching Rs. 7. 75 cr for the last quarter, which is a Rs.1.09 cr rise over the corresponding period last year, its net sales increased by nearly 42 per cent to Rs. 75.83 cr in the reporting quarter.

For the year ended March 31, 2011, the company saw an increase in consolidated net sales by an impressive 29% from Rs. 243.43 cr to Rs. 314.63 cr. The profit after tax for the year ended March 31, 2011 stood at Rs. 38.20 cr, resulting into an increase of 48.5%, as against Rs.25.72 cr in the corresponding period of the last fiscal.

Commenting on the results, Mr. Shivakumar Reddy, Managing Director, Kavveri Telecom Products Limited said that, “We are extremely happy with the numbers. With the recent approval of the European acquisition which will take Kavveri to the next level, the future looks optimistic. We thank our share-holders for their continuous support & hope to receive the same in future.”

About Kavveri Telecom Products Ltd.
Kavveri Telecom, a leading telecom manufacturer, which provides world class hardware products and solutions for the telecom, defence and space industry. Kavveri Telecom combines expertise with experience to deliver state-of-art products and solutions spanning the wide spectrum of wireless Telecommunications. The diverse range of products manufactured by Kavveri includes Antennas, RF (Radio Frequency) Components, Repeaters, TMA/TMB and many more.

Kavveri Telecom ranked No. 22 in "India's Fastest Growing Companies" by Business World.

In past four years Kavveri Telecom has acquired four different RF products and Antennas manufacturing companies in North America, these are:

Tiltek Antennae Inc: Acquired in 2006 designs, develops and manufactures Antenna for GSM, 3G, LTE and Wireless technologies.

DCI Digital Communications: Acquired in 2007, it designs, develops and manufactures RF products for different wireless technologies.

Soptwave Wireless Ltd: Acquired in 2008, it designs, develops and manufactures Intelligent repeaters for in-building solution for GSM,3G, LTE Technologies.

Trackcom Systems Internationsl: Acquired in 2009, it designs, develops RF products and antennas for defence and space applications.