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Zicom Q1 income grows 29pc whereas net profit raise by 15 pc

Zicom Electronic Security Systems Limited, India’s leading electronic security brand, has announced its Unaudited Financial Results for the first quarter ended June 30, 2014.

At the Board Meeting held, the Company declared its Consolidated and Standalone Unaudited Financial Results. The highlights of Consolidated Unaudited Financial Results for the first quarter ended June 30, 2014 are:

Total Consolidated Income for the quarter ended June 30, 2014 at Rs. 221 crores, shows a growth of over 29 per cent as compared to Rs. 172 crores in the corresponding previous quarter.

Earnings before Depreciation, Interest and Tax (EBDITA) stood at Rs. 30 crores as against Rs. 22 crores, an increase of 39 per cent over comparative quarter in the previous year. EBIDTA margin has been at 13.67 per cent against 12.60 per cent in corresponding previous quarter.

Net Profit after Tax and Minority interest at Rs. 8.62 crores as against Rs. 7.50 crores of the corresponding previous quarter shows a quantum jump of 15 per cent.

The Company’s Earning Per Share (EPS) has increased to Rs. 4.90 as against Rs. 4.42 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 has been encouraging which is reflected by the growth of 29 per cent in Income and increase in Net Profit After Tax and Minority Interest of 15 per cent.

With continued economic recovery in the Gulf Region backed by heavy spending on infrastructure by Government both in U.A.E. and Qatar, Unisafe Dubai and Phoenix Qatar have reported improved performance. The Gulf fire safety business has contributed 60 per cent to the topline of the Company.

The Indian business also continued with improved performance. Zicom on standalone has shown an increase of 24 per cent in the topline. Besides, performance of Zicom SaaS has been remarkable with topline showing growth of 117 per cent and bottomline rising by 61 per cent. With new ATM surveillance business receiving overwhelming response from Indian Bankers, performance of Zicom SaaS will continue to be better.”

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