vakrangee software ltd (VKI) Snapshot

Vakrangee Softwares Limited announced audited standalone earnings results for the fourth quarter and year ended March 31, 2013 and consolidated earnings results for the year ended March 31, 2013. On standalone basis, for the quarter, the company reported net sales/income from operations (net of excise duty) INR 4,660.6 million against INR 4,519.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 856.9 million against INR 502.5 million a year ago. Profit from ordinary activities before tax was INR 465.8 million against INR 302.0 million a year ago. Net profit was INR 315.8 million or INR 0.62 per diluted share against INR 188.1 million or INR 0.39 per diluted share a year ago. For the year, the company reported net sales/income from operations (net of excise duty) INR 15,557.6 million against INR 13,521.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,288.9 million against INR 1,505.8 million a year ago. Profit from ordinary activities before tax was INR 1,484.5 million against INR 995.5 million a year ago. Net profit was INR 1,092.7 million or INR 2.14 per diluted share against INR 875.1 million or INR 1.33 per diluted share a year ago. On consolidated basis, for the year, the company reported net sales/income from operations (net of excise duty) INR 15,471.5 million against INR 13,531.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,244.5 million against INR 1,540.8 million a year ago. Profit from ordinary activities before tax was INR 1,437.1 million against INR 1,029.2 million a year ago. Net profit was INR 1,043.4 million or INR 2.04 per diluted share against INR 708.7 million or INR 1.40 per diluted share a year ago.

Vakrangee Softwares Limited at the board recommended final dividend of INR 0.20 per equity share i.e. (20% dividend) having face value of INR 1 each, subject to the approval of shareholders in the ensuing Annual General Meeting.

Vakrangee Softwares Limited, Board Meeting, Apr 25, 2013. Agenda: To consider & approve audited financial results of the company for the year ended March 31, 2013; to recommend final dividend for the fiscal year 2012-13, if any; to approve and enhance borrowing limits of the company; to set up Restructuring Committee to study, review and consider merger of Vakrangee Finserve Limited with Vakrangee Softwares Limited and place the report and proposal before the forthcoming Board Meeting; and to transact any other business with permission to the Chair.