AGC Networks announces Results for 2011 Q2

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

AGC Networks announces Results for 2011 Q2

AGC Networks Limited has announced financial results for the second quarter ended September 30, 2011.

Key Financial Highlights are- Strong revenue growth of 98%, up from Rs. 129.99 Crores in the second quarter of 2010 to Rs. 257.21 Crores in the second quarter of 2011; Profit after tax jumps by 124% to Rs. 19.06 Crores, up from Rs. 8.51 Crores in the corresponding quarter of last year; net income margin up from 6.55% to 7.41%; and Diluted earnings per common share Rs.13.39, up from Rs. 5.98 per share in the second quarter of 2010.

S. K Jha, Managing Director and CEO of AGC Networks Limited said, "I am delighted to announce that AGC Networks Limited has delivered an excellent quarter with strong growth in revenue, net income and earnings per share. This quarter's results emphasize the company's intent of creating profitable growth. This has been a tremendous achievement by all of the dedicated personnel at AGC."


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