TAKE Solutions’ PAT doubles to Rs. 70 crores for the year ended March 31, 2011
TAKE Solutions Ltd. [BSE: 532890 | NSE: TAKE], leaders in Supply Chain Management (SCM) and Life Sciences (LS) products, today announced financial results for the quarter and year ended March 31, 2011.
The consolidated net profit for the year ended, March 31, 2011 was up by 116% to Rs. 70 crores over last year. The consolidated revenue also increased significantly by 38.1% to Rs. 506 crores.
The Board of Directors recommended 100 % dividend for the fiscal year 2011.
“We are immensely happy to achieve such strong results in this quarter. This has enabled us to complete the first 10 years of our journey with positive momentum. We are seeing increasing traction for our offerings in the global markets and look forward to capitalising on the same,” said Mr Ram Yeleswarapu, CEO, TAKE Solutions. “Our success has come due to the strong effort put by our employees, and faith shown by clients and shareholders. The Board has decided to share the joy and recommends 100% dividend to our shareholders.”
Mr. S Sridharan, Managing Director, TAKE Solutions, said, “The remarkable increase in the net profit by 116% could be attributed to the productivity and optimal use of resources. It is good to see the resurgence in investment on IT space globally resulting in the rise in demand which has been the key driver to our performance. We will continue to take necessary steps to leverage the opportunity and deliver higher growth.” He further added, “We have already started drawing blue print on how to take our performance towards customers and other stakeholders to the next level so that we maintain the edge over the market.”
Source: Press Release