For updates visit
Allied Digital: FY08 sales seen at Rs 270 Cr, PAT at Rs 42 Cr; See Bottomline CAGR of 60% till 2010
Thursday, July 26, 2007
Nitin Shah, CMD of Allied Digital says that the company is seeing good growth. He sees a 80% bottomline growth in FY09 and a bottomline CAGR of 60% till 2010. They are targetting a mix of 30% revenue from IT services and 70% from IT solutions. The IT services margins are at 55% and the IT solutions at 12%.
For FY08, the sales are seen at Rs 270 crore and PAT at Rs 42 crore.
The stock listed on the bourses today at Rs 332.50 vs issue price of Rs 190. The objects of the issue includes setting up a Global Service Delivery Centre in Mumbai, strategic acquisitions, upgradation and expansion of existing infrastructure, setting up new Strategic Business Units and financing working capital requirements.
Allied Digital operates in diversified segments both in Solutions viz. IT solutions, Networking and Communication solutions, Integrated solutions and Software solutions and in Services viz. IT Infrastructure Management Services, T-BPO and Remote Management Services to its customers pan India. Recently, the company had a strategic tie-up with Echelon Corporation to foray into Intelligent Building Management and Energy Management Solutions.
The sole book running lead manager to the issue is Anand Rathi Securities, Advisors to the issue is Religare Securities and Syndicate Members to the issue is ENAM Securities Pvt. Ltd. and Anand Rathi Securities and Intime Spectrum Registry is the registrar to the issue.