Teledata net spurts by 117 pc in Q1
Teledata said its net profit for Q1, soared by 117% to Rs 34 crore, up from Rs 15.62 crore in the same period last year.
Teledata Informatics Ltd, a software products firm, on Thursday said its net profit for the quarter ended June 30, 2005, soared by 117 per cent to Rs 34 crore, up from Rs 15.62 crore in the same period last year.
The total income rose by 151 per cent in the first quarter to Rs 133.27 crore, compared to Rs 45.06 crore last year, a company statement said, after its board of directors approved the unaudited results for the April-June quarter in Chennai.
Teledata said the continual surge in turnover and profits was attributed to the profit-making acquisitions undertaken by the company and the excellent performance of its products.
The first quarter saw the company completing its global depository receipts (GDR) issue of 54 million USD during April 2005. The company has also got an order from Sinotrans Shipping Ltd., Beijing worth one million USD towards the supply of its 'Shipmanage' software.
The company has also received an order from Arunachal Pradesh to the tune of Rs 7.5 crore towards the supply and implementation of School Management Software in 150 schools.
Teledata has also started working on the e-learning project for the superintendents in ship owning and management companies, the release said.