Zicom Half Yearly: Income Grows 26% and Net Profit Grows 32%
Zicom Electronic Security Systems Limited (BSE Code: 531404), India's leading electronic security company, announced its Unaudited Financial Results for the second quarter and half year ended September 30, 2014.
At the Board Meeting held today, the Company declared its Consolidated and Standalone Unaudited Financial Results.
The highlights of Consolidated Unaudited Financial Results for the second quarter and half year ended September 30, 2014 are:
Quarter ended September 30, 2014:
€ Total Income for the quarter ended September 30, 2014 at ` 261.37 crores, shows a growth of 24% as compared to ` 210.55 crores in the corresponding previous quarter.
€ Earnings before Depreciation, Interest and Tax (EBDITA) stood at ` 32.71 crores as against ` 24.90 crores, an increase of 31% over comparative quarter in the previous year. EBIDTA margin has been at 13% against 12% in corresponding previous quarter.
€ Net Profit After Tax and Minority Interest at ` 12.92 crores as against ` 8.80 crores of the corresponding previous quarter shows a jump of 46%.
€ Earnings Per Share (EPS) has increased to ` 7.34 as against ` 5.17 in that of corresponding previous quarter, which is calculated on enhanced paid-up share capital.
Half year ended September 30, 2014:
€ Total Consolidated Income for the half year ended September 30, 2014 at ` 482.16 crores, shows a growth of 26% as compared to ` 382.34 crores in the corresponding previous period.
€ Earnings before Depreciation, Interest and Tax (EBDITA) stood at ` 62.88 crores as against ` 46.54 crores, an increase of 35% over comparative previous half year. EBIDTA margin has been at 13% against 12% in corresponding previous half year.
€ Net Profit After Tax and Minority Interest at ` 21.54 crores as against ` 16.30 crores of the corresponding previous half year shows a jump of 32%.
€ The Company's Earnings Per Share (EPS) has increased to ` 12.24 as against ` 9.59 in that of corresponding previous half year, which is calculated on enhanced paid-up share capital.
Commenting on the results, Mr. Manohar Bidaye, Chairman - Zicom Electronic Security Systems Limited said, €The consolidated performance of the Company for the half year ended has been encouraging which is reflected by the growth of 26% in Income and 32% in Net Profit After Tax and Minority Interest. Considering that first half year performance of the Company is traditionally lower as compared to second half due to external factors affecting business environment of the Company, it is expected to end the year with still better performance.
Continued economic recovery in the Gulf Region and heavy spending on infrastructure by Government both in U.A.E. and Qatar, have helped Unisafe Dubai and Phoenix Qatar to report improved performance. The fire safety business in Middle-East has been a major contributor to the topline and bottomline of the Company.
The Indian business also continued with improved performance. Zicom on standalone has shown an increase of 23% in the topline. Besides, performance of Zicom SaaS has been remarkable with topline showing growth of 122% and bottomline rising by 45%. The continued interest from Indian Bankers to Zicom's ATM surveillance solutions has helped Zicom SaaS to show this encouraging performance.€
ABOUT ZICOM GROUP:
Zicom Electronic Security Systems Ltd. is the leading electronic security brand in India. The Company offers a wide range of products and customized solutions including services in Intrusion and Burglar Alarm Systems, Access Control Systems, Fire Detection Systems, CCTV Surveillance Systems, Central Monitoring Station and Video Monitoring Station, etc., with focus on retail and SME sectors. Zicom has PAN India operations with service capabilities in 400 cities.
Zicom SaaS Pvt. Ltd., wholly owned subsidiary, offers security services to protect retail shops, bank branches, ATMs, residences, apartments and remotely located assets using state-of-the-art electronic security equipments and Command and Control Station located in Mumbai.
Unisafe Fire Protection Specialists LLC, Dubai, is a subsidiary of Zicom in U.A.E and has strong presence in Dubai and Abu Dhabi in the business of fire detection and protection in infrastructure projects. Unisafe Dubai offers wide spectrum of products and services in fire detection and protection, ranging from designing, supplying, installing and maintaining integrated fire protection system capabilities. Unisafe is associated with many iconic projects in U.A.E. in government and private sectors.
Phoenix International WLL, Qatar, is one of the leading fire security solutions providers in Qatar. Phoenix offers turn keys solutions in fire protection and suppression projects and it has license to operate in petrochemical sector. Phoenix has exclusive tie-up to market safety and security equipments of leading international suppliers. The portfolio of services offered by Phoenix covers design, engineering, integrating, testing and commissioning of Fire Safety, Security and Building Management Systems, with main focus on Fire Prevention and Protection.
At the Board Meeting held today, the Company declared its Consolidated and Standalone Unaudited Financial Results.
The highlights of Consolidated Unaudited Financial Results for the second quarter and half year ended September 30, 2014 are:
Quarter ended September 30, 2014:
€ Total Income for the quarter ended September 30, 2014 at ` 261.37 crores, shows a growth of 24% as compared to ` 210.55 crores in the corresponding previous quarter.
€ Earnings before Depreciation, Interest and Tax (EBDITA) stood at ` 32.71 crores as against ` 24.90 crores, an increase of 31% over comparative quarter in the previous year. EBIDTA margin has been at 13% against 12% in corresponding previous quarter.
€ Net Profit After Tax and Minority Interest at ` 12.92 crores as against ` 8.80 crores of the corresponding previous quarter shows a jump of 46%.
€ Earnings Per Share (EPS) has increased to ` 7.34 as against ` 5.17 in that of corresponding previous quarter, which is calculated on enhanced paid-up share capital.
Half year ended September 30, 2014:
€ Total Consolidated Income for the half year ended September 30, 2014 at ` 482.16 crores, shows a growth of 26% as compared to ` 382.34 crores in the corresponding previous period.
€ Earnings before Depreciation, Interest and Tax (EBDITA) stood at ` 62.88 crores as against ` 46.54 crores, an increase of 35% over comparative previous half year. EBIDTA margin has been at 13% against 12% in corresponding previous half year.
€ Net Profit After Tax and Minority Interest at ` 21.54 crores as against ` 16.30 crores of the corresponding previous half year shows a jump of 32%.
€ The Company's Earnings Per Share (EPS) has increased to ` 12.24 as against ` 9.59 in that of corresponding previous half year, which is calculated on enhanced paid-up share capital.
Commenting on the results, Mr. Manohar Bidaye, Chairman - Zicom Electronic Security Systems Limited said, €The consolidated performance of the Company for the half year ended has been encouraging which is reflected by the growth of 26% in Income and 32% in Net Profit After Tax and Minority Interest. Considering that first half year performance of the Company is traditionally lower as compared to second half due to external factors affecting business environment of the Company, it is expected to end the year with still better performance.
Continued economic recovery in the Gulf Region and heavy spending on infrastructure by Government both in U.A.E. and Qatar, have helped Unisafe Dubai and Phoenix Qatar to report improved performance. The fire safety business in Middle-East has been a major contributor to the topline and bottomline of the Company.
The Indian business also continued with improved performance. Zicom on standalone has shown an increase of 23% in the topline. Besides, performance of Zicom SaaS has been remarkable with topline showing growth of 122% and bottomline rising by 45%. The continued interest from Indian Bankers to Zicom's ATM surveillance solutions has helped Zicom SaaS to show this encouraging performance.€
ABOUT ZICOM GROUP:
Zicom Electronic Security Systems Ltd. is the leading electronic security brand in India. The Company offers a wide range of products and customized solutions including services in Intrusion and Burglar Alarm Systems, Access Control Systems, Fire Detection Systems, CCTV Surveillance Systems, Central Monitoring Station and Video Monitoring Station, etc., with focus on retail and SME sectors. Zicom has PAN India operations with service capabilities in 400 cities.
Zicom SaaS Pvt. Ltd., wholly owned subsidiary, offers security services to protect retail shops, bank branches, ATMs, residences, apartments and remotely located assets using state-of-the-art electronic security equipments and Command and Control Station located in Mumbai.
Unisafe Fire Protection Specialists LLC, Dubai, is a subsidiary of Zicom in U.A.E and has strong presence in Dubai and Abu Dhabi in the business of fire detection and protection in infrastructure projects. Unisafe Dubai offers wide spectrum of products and services in fire detection and protection, ranging from designing, supplying, installing and maintaining integrated fire protection system capabilities. Unisafe is associated with many iconic projects in U.A.E. in government and private sectors.
Phoenix International WLL, Qatar, is one of the leading fire security solutions providers in Qatar. Phoenix offers turn keys solutions in fire protection and suppression projects and it has license to operate in petrochemical sector. Phoenix has exclusive tie-up to market safety and security equipments of leading international suppliers. The portfolio of services offered by Phoenix covers design, engineering, integrating, testing and commissioning of Fire Safety, Security and Building Management Systems, with main focus on Fire Prevention and Protection.
Source...