|
Performance Highlights
Financial Performance
During
2009-10, Nelito’s revenues grew to Rs 6,788 lakhs registering a
growth of 16.86% over the previous year. The Profit before tax stood at Rs
1,306 lakhs (an increase of 2.79% over the previous year).
The company recorded an earning of Rs
37.78/- per share as against Rs
34.99
per share in the previous year. The Company could reduce the borrowings
to the extent of Rs 4.61 Crores.
Market Performance
Nelito's own software products are operational in over 6,000 sites of
103 Banks in the country.
Nelito has set industry records in the area of packaged implementations
and has rolled out third party core banking solutions in over 9,200
branches of various leading Banks in India. In the Banking education,
Nelito has trained over 17,000 Bank staff on Core Banking Solutions.
Nelito took part in the first pilot project of Cheque Truncation
Solution initiated by Reserve Bank of India. It has won the Best
Performance Award from NCR Corporation for the testing, validation and
training services provided to the Cheque Truncation Project.
The Company has also added a suit of solutions such as Microsoft Dynamics Axapta, CRM, HR & Pay Roll, Business Intelligence, and Document management.
Financial Results
Financial results of 2009-10 are appended below:
-
| |
|
(Rs
In Lakhs) |
| |
For
the Year Ended
31-Mar-10
|
For
the Year Ended
31-Mar-09 |
| |
|
|
| Sales
and other Income |
6,788
------
|
6,589
------ |
| Profit
Before Interest, Amortization, Bad Debts and Tax |
1,306
|
1,613
|
| Profit
Before Tax |
1,199 |
1,178 |
| Profit
After Tax |
0,779 |
0,740 |
| Add:
Balance brought forward |
0,440 |
0,421 |
Profit
available for appropriation
|
1,219
------ |
1,161
------ |
| Appropriations:
|
|
|
| General
Reserve |
0,600 |
0,600 |
| Dividend |
0,151 |
0,103 |
| Tax on Dividend |
0,019 |
0,018 |
|
