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Accel In News
05.10.2011
24.09.2011
2011
Q1FY12
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Press Release
 News 2011

Accel Frontline Limited posts 36% revenue growth in Q1FY12 

  • Consolidated Revenue at Rs 97.35 crore for Q1FY12, up 36.27% YoY
  • Consolidated PAT at Rs 2.03 crore for Q1FY12, up 88.99% YoY
  • Dividend of 20% or Rs 2 per share for FY11; dividend yield of 4.26%

Chennai, July 27, 2011:  Accel Frontline Limited (BSE: 532774, NSE: AFL), a leading IT services company, today announced its Q1FY12 results and recommended dividend for FY11.

Consolidated revenues for Q1FY12 stood at Rs 97.35 crore, up 36.27% as compared to Rs 71.44 crore reported for Q1FY11. The growth in consolidated revenue is on account of big order wins from new customers. 32 new customers were added during Q1FY11 taking the total number of customers to 634. Billing from new customers contributed 12% to the total revenues during Q1FY12.

Consolidated Profit After Tax (PAT) for Q1FY12 stood at Rs 2.03 crore, up 88.99% as compared to Rs 1.07 crore reported for Q1FY11. Consolidated PAT growth is attributable to continued focus on increasing efficiencies within the organization.

The consolidated diluted EPS stood at Rs 0.90 as compared to Rs 0.48 reported during Q1FY11.

The Board of Directors took on record the FY11 numbers and recommended a final dividend of 20% for FY11. On the Face Value of Rs 10 per share, the dividend is Rs 2 per share. At Wednesday’s closing market price of Rs 47.05, the dividend yield works out to 4.26%.

Commenting on the results, Mr N R Panicker, Chairman & CEO, Accel Frontline Limited said, "The  company  is  on  a  growth  trajectory.  The  focus  continues  to  be  on  value  added services  and  overseas  business  development.  This  will  enable  us  to  improve  overall margins going forward."


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