Performance Highlights

Financial Performance

During 2006-07, Nelito’s revenues grew to Rs 4,602 lakhs registering a growth of 43% over the previous year. The Profit before tax stood at Rs 956 lakhs registering an increase of 413% over the previous year.

The company recorded an earning of Rs 29/- per share as against Rs 2.97 per share in the previous year.

The business composition of the Company has improved favorably with 89% of the total revenue being received from software and support services including project management services.

Market Performance

In the areas of software deployment and services, Nelito assumed leadership position. Nelito’s own software products are operational in over 5,000 sites of 93 banks in the country.

Nelito made rapid strides in the area of packaged implementations. It has set an industry record by implementing core banking solution in over 2,400 branches of leading public sector banks during the year. It has provided end user training to over 14,000 users of different banks.

The company has established ERP practice in 2006-07 with MS Dynamics ERP implementation teams located at Mumbai and New Delhi. The teams have already completed couple of ERP implementation projects.

Financial Results

Financial results of 2006-07 are appended below: -

		(Rs In Lakhs)
	For the Year Ended 31-Mar-07	For the Year Ended 31-Mar-06

Sales and other Income	4,602 ------	3,421 ------
Profit Before Interest, Amortization, Bad Debts and Tax	1,257	0,933
Profit Before Tax	0,936	0,186
Profit After Tax	0,578	0,061
Add: Balance brought forward	0,018	0,043
Profit available for appropriation	0,596 ------	0,018 ------
Appropriations:
General Reserve	0,300	0,000
Dividend	0,041	0,000
Tax on Dividend	0,007	0,000