Prism Informatics Limited Third Quarter Results Financial Year 2010-11

Prism Informatics Limited Press Release – Third Quarter Results Financial Year 2010-11

 

For Immediate Release                                                                                              15^th February, 2011

Prism Informatics Limited Third Quarter Results Financial Year 2010-11

Consolidated Q3 Revenue up 43% QoQ and 2347% YoY

Consolidated Q3 Profit After Tax up 190% QoQ and 1131% YoY

Declared an interim dividend of 12.5%

Acquired 51% Majority Stake in Saudi Arabia IT company – Information Management Technologies (IMT) in Nov’10

Mumbai: Prism Informatics Limited, a Software Development and IT Business Consulting Services Provider (referred to as “Prism” or the “Company”, BSE: 505530) announces its Unaudited Third Quarter and Nine Months results for Financial Year 2010-11.

Speaking on the occasion, Mr. Alok Pathak, Managing Director, Prism Informatics Limited said:

“Prism continues to perform well in all established segments and geographies in Q3 FY 2010-11. In this quarter, Prism expanded its footprint in the Middle East Market with the 51% acquisition of Information Management Technologies (IMT), a subsidiary of the Al Suwaidi Group, in the Kingdom of Saudi Arabia. Prism is exhibiting very strong organic growth. The company continues to pursue its inorganic growth strategy and is evaluating further acquisition of companies in Europe and Middle East.”

Financial Highlights (Consolidated)

Financials						(INR Lakhs)
(Year Ending March)	Q3FY11	Q2FY11	QoQ (%)	Q3FY10	YoY (%)	FY10
Revenue	2141.70	1502.21	43	176.21	2347	829.97
EBITDA	107.78	58.63	84	9.56	1140	75.45
Net Profit	144.71	49.83	190	9.36	1131	51.66
Diluted EPS (INR)	10.05*	3.85	161	1.49	250	3.79

           

The board declared an interim dividend of 12.5% for third quarter financial year 2010-11

*On equity face value of Rs. 10 prior to stock split. On Equity face value Rs.1, the EPS is Rs.1.005

Prism Informatics Limited Press Release – Third Quarter Results Financial Year 2010-11

 

Business Highlights

Contracts / New Business / Growth: This quarter also witnessed new businesses/contracts/growth in various geographies:

Germany:

• SAP retail system maintenance contract by German automobile company:

Prism has been awarded the SAP retail system maintenance contract, for a long term of 3 years, by a large German automobile company this quarter.

• SAP support contract from Nycomed, a global pharmaceutical company:

Nycomed awarded Prism contract to support and monitor their operative SAP system on a daily basis in 2011. Nycomed ranks 28th among global pharmaceutical companies and is the 16th largest provider of OTC medicines with a strong presence in Europe and in the emerging markets in Russia/ Commonwealth of Independent States, Asia and Latin America.

• SAP implementation support for global retail & logistics company in Germany:

Prism has won contract for SAP implementation by a global retail, logistics and distribution company. Consultants of Prism have taken over major work packages to enable the client to accomplish project goals efficiently and effectively.

Sri Lanka:

• SAP implementation project for Textured Jersey:

Prism Informatics has successfully implemented SAP in Sri Lankan company- Textured Jersey. Textured Jersey is jointly owned by Pacific Textiles and Brandix Lanka. Pacific Textiles is a listed company in Hong Kong with one of the largest manufacturing facilities in China. Brandix Lanka is the largest apparel exporter in Sri Lanka and supports Textured as a strategic link in their supply chain.

Thailand:

• SAP CRM contract from S.B. Furniture Group of Companies, Thailand

Prism has won contract for SAP CRM by S.B. Furniture Group of Companies. S.B. Furniture Group began its operations since 1953 and has maintained its image as a specialist in the manufacturing of high quality furniture. Project involves providing end to end retail system solution to the client.

For further details please coordinate:

Atul Malikram

9827092823

Mahindra launches its unique “Mobile Seva” across Southern India

                                                                                    

Press Release                                                                                       For Immediate Publication

Mahindra launches its unique “Mobile Seva” across Southern India

First of its kind customer centric initiative for the commercial range of vehicles

Mahindra & Mahindra Ltd., a part of the US $7.1 billion Mahindra Group, announced the launch of the “MAHINDRA MOBILE SEVA.” This is a unique customer centric initiative, aimed at providing door step service solutions for its 3 Wheelers and other commercial vehicles. A first of its kind initiative in the commercial vehicle space, the “MAHINDRA MOBILE SEVA” has been commissioned across the southern states of Andhra Pradesh, Tamil Nadu, Kerala and Karnataka.

This service will also be rolled out across the country, in a phased manner. Being a major market for commercial vehicles, 30 of these mobile service vans are currently commissioned in the southern states.

Speaking about the initiative, Mr. Arun Malhotra – Senior Vice President – Sales & Customer Care, Automotive Division, Mahindra & Mahindra Ltd., said “With the launch of these mobile service initiatives, we were keen to increase our commitment to the customers in the Small commercial vehicle segment. Our endeavour is to provide utmost convenience and seamless service to our customers through these doorstep services, which have otherwise been lacking for the customers in this segment. We shall continuously enhance our value proposition to our customers for a long term relationship. Going forward we are confident that such initiatives will chart a new path for the industry.”

Manned and operated by the company’s authorized dealers across the states, this facility will provide service and spare parts solutions to the customers at their door step, to reduce the time and effort taken to travel to the service centers. These mobile vans will travel in a fixed and specified route every day, to ensure that the customers get a reliable support from Mahindra, for their livelihood earning vehicles, anytime and anywhere they need assistance.

Further, the company also intends to launch this initiative across the country, to assure its commercial customers of a reliable after sales support.

About The Mahindra Group

Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $7.1 billion Indian multinational. It employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, aerospace, after-market, real estate, hospitality, logistics. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image. The Group recently unveiled its new brand positioning – Mahindra Rise.

Mahindra is the only Indian company among the top tractor brands in the world. It is today a full-range player with a presence in almost every segment of the automobile industry, from two-wheelers to UVs, SUVs and CVs. Mahindra has acquired a majority stake in REVA Electric Car Co Ltd. (now called Mahindra REVA), strengthening its position in the Electric Vehicles domain.

The Mahindra Group expanded its IT portfolio when Tech Mahindra acquired Satyam Computer Services, now known as Mahindra Satyam.

Its flagship company Mahindra & Mahindra Limited has recently earned the distinction of being the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India - 2010, created by the Carbon Disclosure Project (CDP). CDP is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world.

For further information, please contact:

Atul Malikram

9827092823

   

Let us enjoy a new magazine- Peoples Pravakta

A real magazine is supposed to be the best companion of a reader. If the contents of magazine are as per choice of reader then he/she will not leave it, until it is not read fully. Peoples Pravakta a monthly magazine coming from Pravakta group can be termed as magazine of, Peoples choice, because of its outlook, qualitative articles, and neat printing. Magazine is available in Hindi and English languages.

Peoples Pravakta is the maiden product of Pravakta Group, who made it’s foray in magazine market, few months back. Shri Rajesh Sharma, editor, Peoples Pravakta says “we are overwhelmed by the response our magazine has received within a year of publication, i.e. the year 2010 when we had launched the magazine. Though we were confident to establish us in the market, but the extent to which, we have reached, was beyond our imagination. This could happen only due to affection we received from audience, allover”.

Shri Sharma added “At present our network is only in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but owing to growing demand, we have set a target to make available Peoples Pravakta to readers of other states of country also, latest by the end of 2011”.

Peoples Pravakta is marching ahead to create a name in magazine segment.

The Pravakta Group takes utmost care to bring new things, in each edition. The group is planning to host a competition for annual subscribers, and the winner will have an opportunity to visit a Holy place.

About Pravakta Group:

Pravakta Group was founded by Shri S. Sharma, in the year 2010. Since right from the beginning, he was interested in Journalism; hence, he had no problems in collecting events of National Level and to include them in a magazine. Peoples Pravakta has been acclaimed by people, within a year of publication and its demand in growing, rapidly. At present Peoples Pravakta has network in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but they are doing efforts to spread network in remaining states of country also.      

Media Contact:

Atul Malikram

9827092823

pr@atulmalikram.in

Let us enjoy a new magazine- Peoples Pravakta

A real magazine is supposed to be the best companion of a reader. If the contents of magazine are as per choice of reader then he/she will not leave it, until it is not read fully. Peoples Pravakta a monthly magazine coming from Pravakta group can be termed as magazine of, Peoples choice, because of its outlook, qualitative articles, and neat printing. Magazine is available in Hindi and English languages.

Peoples Pravakta is the maiden product of Pravakta Group, who made it’s foray in magazine market, few months back. Shri Rajesh Sharma, editor, Peoples Pravakta says “we are overwhelmed by the response our magazine has received within a year of publication, i.e. the year 2010 when we had launched the magazine. Though we were confident to establish us in the market, but the extent to which, we have reached, was beyond our imagination. This could happen only due to affection we received from audience, allover”.

Shri Sharma added “At present our network is only in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but owing to growing demand, we have set a target to make available Peoples Pravakta to readers of other states of country also, latest by the end of 2011”.

Peoples Pravakta is marching ahead to create a name in magazine segment.

The Pravakta Group takes utmost care to bring new things, in each edition. The group is planning to host a competition for annual subscribers, and the winner will have an opportunity to visit a Holy place.

About Pravakta Group:

Pravakta Group was founded by Shri S. Sharma, in the year 2010. Since right from the beginning, he was interested in Journalism; hence, he had no problems in collecting events of National Level and to include them in a magazine. Peoples Pravakta has been acclaimed by people, within a year of publication and its demand in growing, rapidly. At present Peoples Pravakta has network in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but they are doing efforts to spread network in remaining states of country also.      

Media Contact:

Atul Malikram

9827092823

pr@atulmalikram.in

Your search of good magazine ends now

Upto 70’s and 80’s, only limited magazines were having their identity in our country. Dharmayuga, Saptahik Hindustan, India Today and Filmfare etc. were few magazines, who had created their names for outlook, coverage & circulation. Today in 21^st century, with development in each sector, magazine sector has also done stupendous rise and lacs of magazines are being published in our country, in Hindi, English, & regional languages.

Peoples Pravakta, a monthly magazine in Hindi as well as English, had started its journey in the year 2010. During a span of one year, the magazine has created name for its outlook, material and circulation.

At present Peoples Pravakta is designed to incorporate various subjects in 48 pages, like Political, Social, Technical, Health, Science, Agriculture, Sports, Astrology and many more. Total circulation of Peoples Pravakta up to January 2011 has reached 1,50,000 copies, & has approach in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar stales, and company is planning to reach remaining parts of country, by and of this year.

The Pravakta Group takes utmost care to bring new things, in each edition. The group is planning to host a competition for annual subscribers, and the winner will have an opportunity to visit a Holy place.

About Pravakta Group:

Pravakta Group was founded by Shri S. Sharma, in the year 2010. Since right from the beginning, he was interested in Journalism; hence, he had no problems in collecting events of National Level and to include them in a magazine. Peoples Pravakta has been acclaimed by people, within a year of publication and its demand in growing, rapidly. At present Peoples Pravakta has network in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but they are doing efforts to spread network in remaining states of country also.      

Media Contact:

Atul Malikram

9827092823

pr@atulmalikram.in

Peoples Pravakta A magazine believing only in truth

Peoples Pravakta, a monthly magazine is designed to suit requirement of all kinds of readers. The magazine comprises of interesting articles, stories on various subjects, e.g., Social, Political, Religion, Science, Sports, Astrology, Agriculture, Business, and Health etc. At present it has 48 pages and each one has been devised cautiously to meet requirement of all segments. Magazine is published in Hindi & English languages.

The edition of February 2011 is about to come in the market, but due to its popularity, almost entire lot is booked, in advance. This reveals high demand of magazine in the market.

Recently, on completion of one year of Peoples Pravakta, when asked to Shri Rajesh Sharma, Editor, Peoples Pravakta about his reaction, he said, “At this time, when not only in our country but all over the world, countless magazines are available, a reader may have difficulties in selection of magazine of his choice. Since, before starting the magazine, we had taken intensive tour across the country to ascertain choice of audience, we are happy to inform that Peoples Pravakta has created place amongst readers, right from first issue. Magazine is being published in Hindi and English languages.”

Shri Sharma further added, “Although, native place of our magazine is M.P, but we have given place to latest situations and news of all states of our country in our magazine. As we include subjects like politics, social, technique, health in our magazine therefore we are receiving affection of each sector. We are grateful to our readers and it is only because of their blessings that within a short period of one year more than 75,000 copies of Peoples Pravakta are circulated, every month. We also welcome suggestions of our readers.

The Pravakta Group takes utmost care to bring new things, in each edition. The group is planning to host a competition for annual subscribers, and the winner will have an opportunity to visit a Holy place.

About Pravakta Group:

Pravakta Group was founded by Shri S. Sharma, in the year 2010. Since right from the beginning, he was interested in Journalism; hence, he had no problems in collecting events of National Level and to include them in a magazine. Peoples Pravakta has been acclaimed by people, within a year of publication and its demand in growing, rapidly. At present Peoples Pravakta has network in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but they are doing efforts to spread network in remaining states of country also.      

Media Contact:

Atul Malikram

9827092823

pr@atulmalikram.in

Peoples Pravakta Truth and dareness is whose identity

Whether world may do unlimited progress or invent several electronic equipments but print matters like newspapers magazines have ever been on top. Magazines entertain the people by incorporating different subjects and also enrich their knowledge. If we take weekly, monthly, quarterly magazines only, we observe that only in Indian markets thousands of magazines are available. Under this situation, it is difficult to select the best.

Peoples Pravakta had started its journey a year back only, but due to its belief in truth, dareness and inclusion of best subjects, it has obtained benchmark not only in Madhya Pradesh, but in other parts of country also.

Recently, on completion of one year of Peoples Pravakta, when asked to Shri Rajesh Sharma, Editor, Peoples Pravakta about his reaction, he said, “At this time, when not only in our country but all over the world, countless magazines are available, a reader may have difficulties in selection of magazine of his choice. Since, before starting the magazine, we had taken intensive tour across the country to ascertain choice of audience, we are happy to inform that Peoples Pravakta has created place amongst readers, right from first issue. Magazine is being published in Hindi and English languages.”

Shri Sharma further added, “Although, native place of our magazine is M.P, but we have given place to latest situations and news of all states of our country in our magazine. As we include subjects like politics, social, technique, health in our magazine therefore we are receiving affection of each sector. We are grateful to our readers and it is only because of their blessings that within a short period of one year more than 75,000 copies of Peoples Pravakta are circulated, every month. We also welcome suggestions of our readers.

We hope that Peoples Pravakta will be successful in its aims.

About Pravakta Group-

Pravakta Group was founded by Shri S. Sharma, in the year 2010. Since right from the beginning, he was interested in Journalism; hence, he had no problems in collecting events of National Level and to include them in a magazine. Peoples Pravakta has been acclaimed by people, within a year of publication and its demand in growing, rapidly. At present Peoples Pravakta has network in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but they are doing efforts to spread network in remaining states of country also.      

Contact for More Details

Atul Malikram

9827092823