Net4 announces financial results
Net4 India announced its financial results for the year ended March 31, 2008
Net4 India, an IP Communication service provider, announced its financial results for the year ended March 31, 2008.
The consolidated total income for the year ended March 31, 2008 was Rs.137.63 Cr as compared to Rs. 103.66 Cr recorded during the previous fiscal, an increase of 33%. The PAT grew to Rs. 9.48 Cr against Rs. 7.49 Cr in the previous year; a substantial 27% YOY growth.
Total standalone income has increased from Rs. 67.63 Cr for the year ended March 31, 2007 to Rs. 89.63 Cr for the year ended March 31 2008, an increase of 33%. Whilst standalone PAT grew 44% to Rs. 6.49 Cr for the year ended March 31, 2008 as compared to Rs. 4.50 Cr for the year ended March 31, 2007.
Earnings per share for the consolidated entity grew to Rs. 5.80 per share, 26 percent higher as compared to last year’s Rs. 4.61 per share. On a standalone basis, the EPS grew by 43 percent, from Rs 2.77 to Rs 3.97.
“We are pleased with the results and our overall performance in the last financial year. The Year 2007-2008 has been a year of laying strong foundations for future services whilst remaining focused on our core strengths and adding value to our customers. This fiscal, Net4 has also been listed on the Bombay Stock exchange, thus, strengthening our corporate image amongst the financial community”, said Jasjit Sawhney, CEO, Net 4.