It is my pleasure to present you the highlights of our Companys performance forthe financial year ended March 31 2017.
We experienced a year of continued momentum with stability growth and positivedevelopments across our Company the most significant being preparations for our listing onthe Emerge Platform of NSE. We grew in revenue and launched new technology segments. Ourmomentum heading into Financial Year 2018 is even more exciting. We have a strong team ofsenior leaders who demonstrate total commitment to growth innovation and collaborationin creating WOW for our clients.
The global Information Technology industry is undergoing a transformation and currentlychanging faster than ever before. We at InfoBeans Technologies Ltd have embarked on thisjourney into the new Digital Age at an exciting and promising time for us to shape thefuture of Storage & Virtualization E-Commerce and digital content delivery to diverseplatforms and devices. Backed by your support we will continue to create WOW for ourclients across the globe.
At this juncture as a newly listed Company we look back at our nearly two decade longjourney with immense pride and achievement. We started as a small privately run outfitfrom a garage in Indore and grew at a steady pace crossing many a milestone during thisperiod. Today we have a global presence team strength of over 630 team members worldclass facilities in Indore & Pune and are a recognized brand in the industry. We areproud to have as clients a number of Fortune 100 & Fortune 500 companies. Howeverwhat we consider a true measure of our success is being awarded multiple times foroffering one of the finest work environments consistently.
In Financial Year 2017 our dedication to creating customized technology solutionsenabled us to continue our streak of successful business years. We grew revenue and cashflow and launched new technology segments Automation Engineering and Service Now. We areworking hard and will be continuing our profitable growth in Financial Year 2018.
The focus of the Company is to continue to deliver value to our clients; to add valueto business partners; give career & growth opportunities to our team members and growprofitability across businesses ultimately leading to maximization of shareholder value& return.
SUCCESSFUL INITIAL PUBLIC OFFER:
I am pleased to inform you that the Initial Public Offer (IPO) of the Company was aresounding success. The Company entered the Capital Market with its Initial Public Offer(IPO) of 6342000 equity shares of Face Value of Rs. 10 (including a premium of Rs. 48/-per Equity Share) aggregating Rs. 3678.36 Lakhs. Our IPO made history on NSE-Emerge bybecoming the first Company to garner a subscription of Rs. 1150 crores for issue size ofRs. 36.7 crores.
InfoBeans Technologies Limited shares were listed on SME Platform of National StockExchange of India Ltd. (NSE) i.e. NSE Emerge w.e.f. 2nd May 2017.
The consolidated financial performance for the 12 months ended March 31 2017 is asfollows:
Total revenue from operations at Rs. 8448 Lakhs for the year ended March 312017 as against Rs. 7440 Lakhs for the corresponding previous period supported byincrease in revenues across from new technologies
EBIDTA at Rs. 1553 Lakhs for the year ended March 31 2017 as against Rs.1737 Lakhs for the corresponding previous period. Decline in EBITDA was mainly on accountof increased expenses incurred towards building the team expanding into new geographiesand investing in new technologies
PBT of Rs. 1259 Lakhs for the year ended March 31 2017 as against Rs. 1469Lakhs for the corresponding previous period
EPS for the year ended March 31 2017 was Rs. 7.52 for a face value of Rs. 10per share
Going forward we are focusing on a client centric growth strategy targeting largeraccount sizes and growing our customer base. Profitable growth in new geographies isanother important part of our strategy. Towards this we have established our presence inEurope and in the UAE. In addition we will continue to pursue a growth through strategicpartnerships and acquisitions.
Our customer centric strategy will lead to a strong performance at a consolidated leveland our value added service offerings will distinguish InfoBeans Technologies Ltd. in acompetitive marketplace. We begin FY2018 feeling inspired excited and purposeful. Wehave innovative and varied service offerings that strengthen one another talented peopleat every level of the organization a strategy that is working towards enhancing value acommitment to diversity and inclusion and a culture with heart and integrity at its core.
Your trust is what drives us! We are looking forward to the next stage of our sharedsuccess.
Human capital remains the core of our success and we have continued and will continueto invest considerable efforts in this direction. We have a great dedicated team and itis an honor to work with them. Their hard work is not only gratifying but critical for usto accomplish what we and our shareholders aim to achieve.
I am grateful to our wonderful team customers and shareholders and partners forsupporting us and joining us on this incredible journey going forward.
From InfoBeans Technologies Limited
Chairman & Managing Director