Genus Q3 FY2007
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Home / India News / 2007 / January / January 18, 2007
Genus Q3 FY2007 Income up 240%, Operating Profit up 184%, PAT up 243%

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Genus Q3 FY2007 Income up 240%, Operating Profit up 184%, PAT up 243%

New Delhi, Delhi, India

Genus Overseas Electronics Limited, India's largest producers of multifunctional electronic energy meters in India, announced its results for Q3 FY2007.

Highlights:

-- The company has secured an order of Rs.75 crore from Rajasthan State Electricity Board (RSEB) for supply of Single Phase and Three Phase Electronic Energy Meters.

-- The Company has orders in hand above worth Rs.470 Crore, as on date.

Results overview Q3 FY2007 v/s Q3 FY 2006:

The company has posted a strong financial performance for Q3 FY2007.

Income from operations increased by 240% to Rs. 89.94 crores from Rs. 26.42 crores reported in the corresponding quarter.

The PBDIT in the present quarter increased 184% to Rs. 13.05 crores from Rs.4.58 crores earlier.

The Profit After Tax has increased by 243% in the present quarter to Rs.6.47 crores from Rs. 1.88 crores reported in the quarter ended December 2005.

EPS for the quarter is at Rs.5.78 .

The Profit Before Tax has gone up by 261% to Rs. 7.34 crores from Rs.2.03 crores reported in the corresponding quarter ended December 2005.

Commenting on the performance for Q3 FY2007 ended December 2006, Mr. Kailash Agarwal, Director, Genus Overseas Limited, said:

"We have had a successful quarter, where our revenues have been driven by growth across various segment with better earnings through improved productivity.

Genus would report a healthy growth going forward in both its top and bottom line on the back of successful business strategy.

We are sensing an attractive business opportunity with global reach and our strength to replicate the Indian success to our international venture"..

About Genus

Genus Overseas Electronics Limited is one of the largest producers of multifunctional electronic energy meters in India.

Genus Overseas Electronics is one of the market leaders in the design and manufacture of high-end, multi-functional intelligent single phase and three-phase meters with in-built advanced security and anti-tamper features, AMR-enabled meters, trivector meters, time of the day (TOD) meters, audit meters, hybrid microcircuits (HMCs), and resistor networks.

Genus is an ISO 9001:2000 certified company. It has IECQ, CE and EMI/EMC certifications for all key components and products.

To view the press release along with the table please click on the link below:

http://www.businesswireindia.com/attachments/Genus_Results_Q3FY07(1).doc

Harsh Wardhan, Mutual PR, +91 9810162711 harsh@mutualpr.com

Source: Genus Overseas Electronics Ltd (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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