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Second Quarter Results Jul- Sept 2004. 27 October 2004. Agenda. Results Highlights Financials Consolidated Segmental Analysis Revenue Analysis Profitability Analysis Lead Indicators Head Count Shareholding Movement. QUARTERLY HIGHLIGHTS. Net profits at Rs 152Mn, Up 50% YoY - PowerPoint PPT Presentation
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27 October 2004
Second Quarter ResultsJul- Sept 2004
2
Agenda
Results Highlights
Financials Consolidated
Segmental Analysis Revenue Analysis
Profitability Analysis
Lead Indicators
Head Count
Shareholding Movement
3
QUARTERLY HIGHLIGHTS
Net profits at Rs 152Mn, Up 50% YoY up 15% QoQ, Net Margins sequentially improve to 11%
Operating Profits at Rs 244 Mn, Up 7% QoQ Grow 12% YoY Margins stable at 18%
Revenues at Rs 1370Mn Up 7% sequentially Grow 14% YoY Offshore Revenue Contribution stable at 42% Revenue capacity utilization moves up from 77% last quarter to 78%
4
Consolidated Financials(Rs Mn) JAS’03
(3 months)
AMJ’04
(3 months)
JAS’04
(3 months)
HYD’04
(6 months)
Revenues 1204 1279 1370 2649
Op Expenses 986 1051 1126 2177
Operating Profit 218 228 244 472
OPM (%) 18 18 18 18
Depreciation 95 94 96 190
Other Income (net of Interest) 2 22 20 42
Tax 24 22 13 35
PAT after Minority Interest 101 132 152 284
Net Margins (%) 8 10 11 10.7
EPS (not annualized) 3.4 3.9 7.3
•DSOs show further improvement at 78 days for the quarter (84 last quarter)•Cash and cash equivalents over Rs 1030 Mn
5
SEGMENTAL REVENUE
1012
25
1165
39
1195
61
1261
88
1207
72
1290
79
0
200
400
600
800
1000
1200
1400
AMJ'03 JAS'03 OND'03 JFM'04 AMJ'04 JAS'04
Software BPO
•Software solutions grow 7% sequentially, 11% YoY•BPO shows 104% YoY growth, 10% QoQ
(Rs Mn)
6
APGC12%
Europe36%
Americas
39%
India13%
APGC12%
Europe45%
Americas
37%
India6%
FY04 AMJ’04
Europe has the highest revenue contribution
REVENUE MIX- GEOGRAPHY WISE
APGC11%
Europe42%
Americas34%
India13%
JAS’04
7
REVENUE MIX- VERTCALS
Ret.
9%
FI&B
28%
Trspt.
17%
Manfg
15%
Others
31%
AMJ’04
Ret.
9%
FI&B
31%
Trspt.
24%
Manfg
9%
Others
27%
FY04
3 Focused verticals contribute 60% to overall revenues
Retail9%
BFSI30%
Transportation21%
Manfg7%
Others33%
JAS’04
8
ORDER BOOK
US $ mn
3238 38 35
39 38
AMJ'03 JAS'03 OND'03 JFM'04 AMJ'04 JAS'04
US $ mn
91103 114 122 132 141
AMJ'03 JAS'03 OND'03 JFM'04 AMJ'04 JAS'04
Fresh Order Intake
Closing Order Book
•45% of Pending Order book at $ 64 Mn executable over next 12 months•OB grows 7% sequentially
•Fresh intake of orders at USD 38Mn•Consistently above the $ 30Mn mark
9
CLIENT CONCENTRATIONTop 5 clients contribution stable at 36% of revenues, Added 6 New significant customers, internationally, in the quarter
Top 20
Top 10
Top 5(%)
Others
35 36 36
JAS'03 AMJ '04 JAS'04
3331
69 67
51 53
34
66
51
10
PEOPLE RESOURCES
2030
638
JAS'04 JAS'04
BPO
Software
Onsite
Offshore
22%
78%
Segmental People Break Up On-Offshore Break Up - Direct
2668
11
SHAREHOLDING PATTERN
Quarter end shareholding pattern•Promoters 40% (39% pre- listing)•Institutional category 32% (33% prior to listing)•Public 28%