PSI Data net up 28% in Q4

CORPORATE SCORECARD

PSI Data Systems, the IT solutions business of the Aditya Birla Group, posted 28 per cent growth in its net profit for the fourth quarter ended March 31, 2007 at Rs 1.97 crore.

The consolidated revenue of the company in the quarter stood at Rs 25.74 crore, remaining flat compared with the previous financial year.

In the third quarter of FY07, the company had made a loss of Rs 1.61 crore. Sequentially, the company's revenue for the Q4 FY07 grew by 15 per cent.

For the full year, the company posted a net profit of Rs 1.52 crore on a consolidated basis, a growth of 13 per cent y-o-y. The consolidated revenue in FY07 at Rs 95.21 crore grew by 10 per cent over the previous year.

Sampath Iyengar, CEO of PSI Data Systems said, "Our results for 2006-07 show that our strategic direction is resonating."