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Allied Digital Q2 PAT up 136% yoy
 
India Infoline News Service / Mumbai Oct 27, 2008 09:28

http://www.indiainfoline.com/news/innernews.asp?storyId=83075&lmn=1&cat=16

Allied Digital Services Limited, today announced their consolidated unaudited quarter results with total revenue of Rs1.48bn for the quarter ended September 30th, 2008, an increase of 110% as compared to Total Income of Rs708mn for the quarter ended September 07.
The Profit After Tax for the quarter ended September 2008 was Rs240mn as against a PAT of Rs101mn for the quarter ended September 2007, an increase of 136%.
Commenting on the results, Chairman and Managing Director of Allied Digital, Nitin Shah, said, "The focus this year had been earmarked for inorganic growth and we have been successful with our two acquistion so far. The association with EnPointe has shown teremendous potential. Going ahead the next quarter, we will continue to extend the early mover advantage that we enjoy in our remote management services.
Organically, the business has been growing incredibly well, with the company winning contracts of esteemed companies. We are confident and very optimistic of the company's growth in the coming quarters."
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Allied Digital net up 2.11 times in Sep`08 Qtr
 
Source: IRIS (27 October 2008)

http://www.myiris.com/newsCentre/newsPopup.php?fileR=20081027110608203&dir=
2008/10/27&secID=livenews  

Allied Digital Services announced a phenomenal rise in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 2.11 times to Rs 214.90 million from Rs 101.80 million in the same quarter last year.
Net sales for the quarter jumped 48.76% to Rs 1,053.40 million, while total income for the quarter jumped 48.73% to Rs 1,060.30 million, when compared with the prior year period.
During the quarter, the company reported earnings of Rs 12.37 a share.

Interest cost of the company increased 12.82% to Rs 4.40 million over the previous year period.
Shares of the company declined Rs 12.35, or 4.22%, to trade at Rs 280. The total volume of shares traded was 520 at the BSE (10.48 a.m., Monday).

* Q - Quote , N - News , C - Chart , F – Financials
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Allied Digital cons total income stands at Rs 151.31 cr

Published on Mon, Oct 27, 2008 at 12:27 , Updated at Mon, Oct 27, 2008 at 12:37
Source : Moneycontrol.com

http://www.moneycontrol.com/india/news/pressmarket/allied- digital-cons-total-income-stands-at-rs-15131-cr/13/08/36340

Allied Digital Services Limited (BSE: 532875) (NSE id: ADSL), Systems Integrator and an IT Infrastructure Management Services Provider company today announced their consolidated unaudited quarter results with total revenue of Rs. 148.88 Crores for the quarter ended September 30th, 2008, an increase of 110% as compared to Total Income of Rs. 70.81 Crores for the quarter ended September 07. The Profit after Tax for the quarter ended September 2008 was Rs. 24.05 crores as against a PAT of Rs. 10.18 Crores for the quarter ended September 2007, an increase of 136%
 
Commenting on the results, Chairman  & Managing Director of Allied Digital, Mr. Nitin Shah, said " The focus this year had been earmarked for inorganic growth and we have been successful with our two acquisitions so far.  The association with EnPointe has shown tremendous potential. Going ahead the next quarter, we will continue to extend the early mover advantage that we enjoy in our remote management services. Organically, the business has been growing incredibly well, with the company winning contracts of esteemed companies. We are confident and very optimistic of the companys growth in the coming quarters
 
Speaking on their business outlook Mr Nitin Shah added,
With the increasing cost pressures on most organizations will lead to a larger potential for outsourced Remote Management Services. With the current economic crisis, we see an emerging market for regulatory compliances and an increasing demand for our SOC services.
 
Such has been the meteoric rise of this company that amidst many awards and recognitions, Allied Digital was recently acknowledged by Forbes Magazine Asia as one of Best Under A Billion companies. 
 

Sourced From: Hanmer MS&L Communications Pvt. Ltd