Zicom’s income grows 26pc and net profit grows 32pc in Q2

Zicom Electronic Security Systems Limited, 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 on Friday, 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:

• Total Income for the quarter ended September 30, 2014 at Rs. 261.37 crores, shows a growth of 24 per cent as compared to Rs. 210.55 crores in the corresponding previous quarter.
• Earnings before Depreciation, Interest and Tax (EBDITA) stood at Rs. 32.71 crores as against Rs. 24.90 crores, an increase of 31 per cent over comparative quarter in the previous year. EBIDTA margin has been at 13 per cent against 12 per cent in corresponding previous quarter.
• Net Profit after Tax and Minority Interest at Rs. 12.92 crores as against Rs. 8.80 crores of the corresponding previous quarter shows a jump of 46 per cent.
• 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.

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 per cent in Income and 32 per cent 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 per cent in the topline. Besides, performance of Zicom SaaS has been remarkable with topline showing growth of 122 per cent and bottomline rising by 45 per cent. The continued interest from Indian Bankers to Zicom’s ATM surveillance solutions has helped Zicom SaaS to show this encouraging performance.”