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3i Infotech’s revenue at INR 1,344 crores and EBIDTA at INR 177 crores for FY2015

The initiatives aimed at streamlining the operations have delivered healthy results as EBITDA for Q4 2015 has risen reasonably over both the preceding quarter as well as last year, said Mr. B. Madhivanan, Managing Director & Global CEO,
3i Infotech Limited
Strong operational performance in Q4 2015; EBITDA up 93% Y-o-Y

Mumbai – May 30, 2015 – 3i Infotech Limited, a global provider of IT solutions and one of India’s largest software product companies, today announced its operating results for the fourth quarter and financial year ended March 31, 2015.

FINANCIAL HIGHLIGHTS

  • Operating profit of Q4 2015 expanded 93% YoY
  • Operating profit of Q4 2015 increased 42% QoQ vs. Q3 2015

Commenting on the results, Mr. B. Madhivanan, Managing Director & Global CEO, 3i Infotech Limited, said, “The initiatives aimed at streamlining the operations have delivered healthy results as EBITDA for Q4 2015 has risen reasonably over both the preceding quarter as well as last year.”

Consolidated results for the quarter ended March 31, 2015

Revenue from operations for the quarter is INR 305.31 crores as against INR 334.70 crores for the corresponding period of the previous year and INR 319.63 crores in the immediately preceding quarter.

Profit before interest, depreciation, tax and exceptional items is INR 88.27 crores as compared to INR 24.30 crores in the corresponding quarter of the previous year and INR 25.51 crores in the immediately preceeding quarter.

   Q4-FY2015  Q4-FY2014  Q3-FY 2015
    INR Crores   INR Crores   INR Crores
Net Sales/Income from Operations 305.31 334.70 319.63
Employee benefit expenses 145.88 215.88 175.53
Cost of third prty products/ outsourced services & bought out items 72.54 57.91 59.96
Other Expenses 23.73 49.39 39.58
Foreign Exchange Loss/ (Gain)                (24.99)                 (3.88)                    20.43
Other Income 0.12 8.90 1.38
Profit Before Interest, Depreciation and Tax 88.27 24.30 25.51

 

The revenue for Q4-FY2014 includes revenue of two of the Company’s subsidiaries, which were divested during Q2 and Q3 of the current year.

Loss after tax for the quarter stands at INR 396.08 crores, after interest INR 47.25 crores, Depreciation INR 57.48 crs, Tax INR 22.24 crores and Exceptional Items INR 357.50 crores. Exceptional items substantially include Impairment loss provided on a prudent basis INR 350.00 crores.

Consolidated results for the year ended March 31, 2015

  • Revenue for the year is INR 1,344.00 crores, as against INR 1307.89 crores. This increase in revenue is despite the sale of two of the Company’s subsidiaries, which were divested during the current year and whose full year revenue is included in the previous year.

 

  • Profit before interest, depreciation, tax and exceptional items is INR 177.15 crores as compared to INR 221.79 crores (including one time forex gain INR 103.01 crores) in the previous year. The figure for the previous year includes full year figures of subsidiaries divested during the current year.

 

         FY 2015             FY2014
       INR Crores         INR Crores
Net Sales/Income from Operations                        1,344.00                        1,307.89
Employee benefit expenses                      722.93                      841.44
Cost of third prty products/ outsourced services & bought out items                      279.34                      187.18
Other Expenses                      165.64                      188.09
Foreign Exchange Loss/ (Gain)                         3.37                    (103.01)
Other Income                         4.43                         27.6
Profit Before Interest, Depreciation and Tax                           177.15                           221.79
  • Loss after tax for the year stands at INR 976.27 crores, after interest INR 211.40 crores, Depreciation INR 229.10 crs, Tax INR 39.53 crores and Exceptional Items INR 673.17 crores. Exceptional items substantially include Loss on sale of subsidiaries INR 287.64 crores and Impairment loss provided on a prudent basis INR 350.00 crores.

Mr. Charanjit Attra, Executive Director, having decided to pursue opportunities in the areas of advisory services relating to accounting and auditing on Ind AS (converged IFRS), has resigned from the Board with effect from May 28, 2015. The Board has accepted his resignation.

For full version press release, please refer the link –

<http://india-press-release.com/featured/files/3i_INFOTECH_PRESS_RELEASE.PDF>

 

About 3i Infotech

 Incorporated in 1993, 3i Infotech (www.3i-infotech.com) is a public global Information Technology company committed to Empowering Business Transformation. A comprehensive set of IP based software solutions (20+), coupled with a wide range of IT services, uniquely positions the company to address the dynamic requirements of a variety of industry verticals, predominantly Banking, Insurance, Capital Markets, Asset & Wealth Management (BFSI). Furthermore it offers solutions to the government, manufacturing, retail, distribution, telecom and healthcare sectors. Among its repertoire of IPR based solutions the flagship products of the Company are Premia, MFund, Orion, Kastle ULS, Amlock and RhymeSight..

The Company has a very strong foothold and customer base in geographies like South Asia, Middle East and Africa, China, Asia Pacific, Kingdom of Saudi Arabia and North America.

The Company is also focused on value added services such as business intelligence & analytics services, infrastructure management services, testing & compliance, application development & maintenance, consulting and its BPO offerings.

The Company, headquartered in Mumbai, India has over 8500 employees in more than 20 offices across 12 countries and over 1000 customers in more than 50 countries across 5 continents.

Distributed by MediaValueWorks

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Congestive Heart Failure Treatment Devices Market Will Grow On Account Of Increasing Heart Related Ailments Worlwide: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
New Market Research Reports Title Global Congestive Heart Failure Treatment Devices Market Analysis Size And Segment Forecasts To 2020 Has Been Added to GrandViewReseach.com Report Database

Increasing incidence rates of atherosclerosis, heart valve issues, arrhythmias, diabetes and cardiomyopathy are some key factors driving demand for congestive heart failure treatment devices in coming six years. Approximately 5.1 million people in the U.S. have heart failure. Lifestyle habits such as smoking, lack of physical activity, unhealthy dietary habits are also increasing the incidences of congestive heart failure. Moreover, increasing geriatric population base is also expected to fuel the prevalence of congestive heart failure thereby propelling growth of this market in the forecast period.

Full research report on Global Congestive Heart Failure Treatment Devices Market with detailed figures and charts available at:
http://www.grandviewresearch.com/industry-analysis/congestive-heart-failure-treatment-devices-market

Cardiac assist devices (CAD) held one of the largest shares in congestive heart failure treatment devices market due to the shortage of heart donors and technologically advanced cardiac assist devices in 2013. Additionally, reimbursement coverage for cardiac device implantation procedures is anticipated to provide this segment with growth platform. North America dominated the overall market in terms of revenue owing to the increasing incidence rates of high blood pressure, arthritis, coronary artery disease leading to congestive heart failure. Moreover increasing patient awareness and improved healthcare infrastructure in the U.S. and Canada are expected to drive the market of this region at a rapid rate. Asia pacific market is expected to be the fastest growing market over the next six years. Increasing geriatric population base, presence of high unmet needs and untapped opportunity in emerging countries such as China and India are some drivers contributing to the growth of Asia Pacific market.

Get more information on Global Congestive Heart Failure Treatment Devices Market or request for TOC of this research report at:
http://www.grandviewresearch.com/industry-analysis/congestive-heart-failure-treatment-devices-market/request-toc

Key market players of congestive heart failure treatment devices market are Boston Scientific, World Heart Corporation, St. Jude Medical Inc, Thoratec, cardioelectronica, Baikal, Medtronic Inc., Berlin Heart Inc., AbioMed, Placetronix and Jarvik Heart.

View more reports of this category by Grand View Research at: 
http://www.grandviewresearch.com/industry/medical-devices

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information, visit: http://www.grandviewresearch.com/

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Wave Energy Market Expected To Grow Owing To High Energy Demands Worldwide: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
Latest Report, “Global Wave Energy Market Analysis, Size And Segment Forecasts To 2020” is available at Grand View Research database

High energy demand coupled with increasing environmental awareness are expected to drive the global wave energy market over the forecast period. Favorable regulations and government incentives such as tax benefits and schemes along with venture capital funding are presumed to have a positive influence the market and attract new market players. Drive to increase wave energy share in the global energy mix is expected to further aid in market growth. Massive upfront investment requirements and stagnant production technologies may hinder the global wave energy market growth. Uncertain wave patterns and varied local geography are anticipated to pose challenges for homogenous growth of the market across various regions. However, extensive R&D to achieve technological innovation is expected provide ample opportunities to market participants over the forecast period.

Full research report on Global Wave Energy Market with detailed figures and charts available at:
http://www.grandviewresearch.com/industry-analysis/wave-energy-market

Though wave energy currently occupies only a fraction in the global energy mix, markets across North America, Asia Pacific and Europe show promising growth prospects over the next six years. Large scale wave energy projects in Australia and U.S. highlight the growing regional market. UK, Sweden, Spain and Denmark dominate the European wave energy market.

Get more information on Global Wave Energy Market or request for TOC of this research report at:
http://www.grandviewresearch.com/industry-analysis/wave-energy-market/request-toc

Wave energy R&D provides ample amount of opportunities to both the new as well as experienced industry participants. Being at a nascent stage, wave energy market is currently fragmented and unconsolidated. Financial stability and innovative capabilities are expected to drive market consolidation in the future. Special purpose companies and strategic partnerships are assumed to be critical for relatively small participants to enter the wave energy industry. Leading industry participants include Tenax Energy, Pelamis Wave Power, Carnegie Wave Energy, Marine Current Turbines, Oceanlinx and Ocean Power Technologies Inc., Aquamarine Power, Ocean Renewable Power Company Llc, and Eco Wave Power.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/renewable-energy

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information, visit: http://www.grandviewresearch.com/

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Hydrogen Generation Market IS Predicted To Grow As A Result Of Surge In Energy Demands: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
New Market Research Reports Title Global Hydrogen Generation Market Analysis Size And Segment Forecasts To 2020 Has Been Added to GrandViewReseach.com Report Database.

Hydrogen generation market is expected to witness significant growth on account of increasing energy demands coupled with high fossil fuel cost. Swift growth of hydrogen fuel cell technology to reduce dependency on fossil fuels is further expected to boost market growth over the forecast period. Growing production capacities of chemical processing and petroleum refining industries along with environmental pollution associated with fossil fuels is expected to serve as key driver for market growth. Asia Pacific is expected to propel market demand over the next six years owing to increasing refining capacities particularly in China, India and Malaysia. Middle East is anticipated to augment demand for hydrogen due to low cost of natural gas in the region. However, high cost of production along with lack of proper transportation and distribution channels is expected to restrain market growth over the next six years.

Full research report on Global Hydrogen Generation Market with detailed figures and charts available at:
http://www.grandviewresearch.com/industry-analysis/hydrogen-generation-market

Increasing application of hydrogen in chemical processing, petroleum recovery & refining, metal production, fabrication, aerospace and fuel cell is further expected to accelerate market demand. Key players in hydrogen generation market include Heliocentris, Airgas Inc., Air Products and Chemicals Inc., Air Liquide S.A., McPhy Energy, Praxair Inc., Idroenergy, Parker Balston, Ally Hi-Tech Co. Ltd., Hydrogenics, Proton Onsite and Linde AG. Idroenergy provides high purity hydrogen generation systems with high modular and flexible features which maintain steady and continuous hydrogen flow.

Get more information on Global Hydrogen Generation Market or request for TOC of this research report at:
http://www.grandviewresearch.com/industry-analysis/hydrogen-generation-market/request-toc

Proton’s HOGEN hydrogen generators produce hydrogen from electricity and water without leaving any harmful by-products and therefore do not harm the environment. Hydrogenics hydrogen generators offer proper cost/quality ratio and find applications in chemicals & pharmaceutical, metal processing, petroleum and electronics and semiconductors.

View more reports of this category by Grand View Research at: 
http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information, visit: http://www.grandviewresearch.com/

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Marine Composites Market Anticipated To Grow With The Surge In Demand For High Speed Boats: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
GrandViewResearch.com has announced the addition of “Global Marine Composites Market Analysis And Segment Forecasts To 2020” Market Research report to their Database

Strong demand for high speed boats is expected to drive the global marine composites market over the next six years. Cruise ships, speed boats, sail boats, and power boats manufacturing are the major marine composites applications. Power boat production was the most dominant application in 2013. Carbon fiber composites, glass fiber composites and foam core materials are the key marine composites products. Carbon fiber is presumed to witness rapid growth owing to high demand over the forecast period. Superior properties such as higher fuel efficiency, increased strength and flexibility are presumed to have positive impact on the overall carbon fiber demand. Technological innovations are projected to reduce manufacturing costs, which in turn is expected to further aid the market growth. Rising disposable income along with a rapidly burgeoning leisure market is touted to fuel the global marine composites market. Economic slowdown across the globe is anticipated to retard the marine composites demand growth over the next six years. Stringent regulations, lower reparability and rising raw material prices are slated to further hamper the market growth in the foreseeable future. R&D to develop superior quality composites with more robust physical attributes and alternative applications provide ample opportunities to the industry participants.

Full research report on Global Marine Composites Market with detailed figures and charts available at:
http://www.grandviewresearch.com/industry-analysis/marine-composites-market

North America, characterized by multiple product launches, dominated the global marine composites market in the recent years. U.S. led the regional consumption market, where power boat manufacturing was the dominant application. Rising disposable income levels in emerging economies such as India, China and Brazil are projected to fuel the Asia Pacific and Latin American market over the forecast period.

Get more information on Global Marine Composites Market or request for TOC of this research report at: 
http://www.grandviewresearch.com/industry-analysis/marine-composites-market/request-toc

Prominent industry participants are anticipated to widen their product portfolio and develop superior quality composites to cater to the growing consumer demand and gain market share.

Major marine composite industry participants include Owens Corning, Cytec Industries Inc., Gurit Holding AG, Toray Industries, Mitsubishi Rayon Co. Ltd., 3A Composites, E.I. DuPont de Nemours, SGL Group, Company, Teijin Limited and Hexcel Corporation

View more reports of this category by Grand View Research at: 
http://www.grandviewresearch.com/industry/advanced-materials

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more informtion, visit: http://www.grandviewresearch.com/

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Thin Film Material Market Is Expected To Grow Owing To Surge In Usage In Renewable Energy Applications: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
Latest Report, “Global Thin Film Material Market Analysis, Size And Segment Forecasts To 2020” is available at Grand View Research database

Increasing demand for energy efficiency and technological miniaturization is presumed to positively aid the global thin films market for the next six years. Thin film end-use industries are spread over a wide spectrum such as renewable energy, electrical & optical coatings, microelectromechanical systems and semiconductors. Advancements in semiconductors and increasing thin film acceptance in solar PV applications are slated to aid the overall market growth. Government policies and incentives encouraging more thin films usage in renewable energy applications is expected to further drive the market growth and play a vital role in shaping the global thin films industry. Renewable energy initiatives, such as solar power installations, are expected to positively impact the market over the forecast period. Attributes such as low light functionality and flexibility are touted to further compliment the global market growth. Raw material shortage coupled with the paucity of bulk suppliers is presumed to create a supply-demand imbalance and thus negatively impact the market growth. Research initiatives to develop newer applications and better usage in renewable energy operations promise vast opportunities for the industry participants.

Full research report on Global Thin Film Material Market with detailed figures and charts available at:
http://www.grandviewresearch.com/industry-analysis/thin-film-material-market

Europe dominated the global thin film market followed by North America and Asia Pacific. Massive renewable energy initiatives in developed as well as emerging economies promise ample opportunities for market growth. Growing electronics and semiconductors demand in emerging markets of China and India is expected to drive Asia Pacific thin films market growth. Government initiatives in China and India to develop solar energy are expected to further drive thin films demand in PV applications. Increasing energy demand in developing nations of Africa coupled with sustainability development initiatives by UN is expected to have a positive impact on the global market.

Get more information on Global Thin Film Material Market or request for TOC of this research report at:
http://www.grandviewresearch.com/industry-analysis/thin-film-material-market/request-toc

Key thin film industry participants include Anwell Solar, First Solar, Cicor Group, Ascent Solar, Masdar PV, Solar Frontier, Moser Baer, Kaneka, Suntech Power Co. Ltd., Hanergy, Trony Solar Holdings Co. Ltd. and Avancis GmbH & Co.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/semiconductors

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information, visit: http://www.grandviewresearch.com/

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CapitalCityTickets.com is a reliable online marketplace serving the secondary market with tickets for all major concerts, sports, and theatre events. Online shoppers can take advantage of Promo Code “CITY5” while tickets last.

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Taylor Swift Tickets: CapitalCityTickets.com is Slashing Their Ticket Prices on Taylor Swift Concerts to see her 2015 Tour Dates for Cities like Louisville, Charlotte, Raleigh, and Pittsburgh

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Disclaimer: CapitalCityTickets.com is not associated with any artists, teams, venues, organizations, institutions, bands, or artists featured on their website in any way. Also, any names or titles used in this press release are solely for descriptive purposes and do not imply, indicate, or suggest any type of affiliation, partnership, or endorsement.

CapitalCityTickets.com is a reliable online marketplace serving the secondary market with tickets for all major concerts, sports, and theatre events. Online shoppers can take advantage of Promo Code “CITY5” while tickets last.

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