Gemini Communication Ltd (GCL), a Chennai based leader in communications and networking solutions and pioneers in the field of System Integration, today announced a 150.28 per cent rise in net profit at Rs 7.54 for the first quarter ended June 30, 2007 compared to Rs 3.01 crore in the corresponding quarter last year. Income from operations rose by 61.46 per cent at Rs 56.85 crore compared to Rs 35.21 crore during the corresponding quarter last year.
The company reported a 150.28 per cent rise in net profit after tax at Rs 7.54 crore compared to Rs 3.01 crore for the same quarter in the previous year 2006 (ended on 30-06-2006). Meanwhile, the profits from operation (EBITDA) grew 163.10 per cent at Rs 11.63 Crores compared to Rs 4.42 crores in the same quarter in the previous year 2006.
Meanwhile, the book order position stood at Rs. 135 crore as on June 30, 2007 and would be in receipt of orders for about Rs.100 Crores further.
The company would soon launch its new products – WIMAX, RFID and Radio Modems. WIMAX would give the Gemini the status of entering into Wireless segment on a very large scale as a pioneer and technology trend setter.
Commenting on the results, Vijay Kumar, Managing Director Gemini Communication Ltd., said, “It has been a significant quarter with the new product launch, new customers and entering global capital markets.”
“On QoQ basis, our operating margins have increased from 12.56 percent to 20.47 percent and the PAT margin of 13.26 percent is our highest ever,” added Mr. Vijaykumar.