Press Release: SQL Star- Q2 FY07 Financial Result Release

Hi,
 
Please find appended below the Q2 FY07 Financial Result Release of SQL
Star. Also attached  are the result in the Excel Sheet. 
 
Warm Regards,
 
Joysmita Chakraborty, 
Junior Account Executive,
Adfactors PR Pvt. Ltd.,
Raj Mahal, 4th Floor,
84, Veer Nariman Road,
Churchgate.
Mumbai - 400020.
Tel: 022- 22871361
Fax: 022-22871365
Mobile: (0) 9867195612
........................................................................
........................................................................
........................................................................
...............


PRESS RELEASE

 

For Immediate Release

 


 


SQL Star International 2Q' 2006 Net rises sharply by 73%


 

 

Mumbai, October 27, 2006 - The un-audited financial results of SQL Star
International Limited for the quarter ended and half year ended
September 30, 2006 were approved at the Board Meeting held here today.

 

For the quarter ended September 30, 2006, the net profit after tax grew
sharply by 73% at Rs. 63.08 lakhs as against Rs. 36.45 Lakhs during the
corresponding quarter of previous year. Its total income also steeply
rose to Rs. 1037.44 lakhs for the quarter ended September 30, 2006 as
against Rs. 761.60 Lakhs for the same period previous year, registering
a growth of 36%.

 

For the six months ended September 30, 2006, the company recorded a
total income of Rs. 2217.99 Lakhs and a net profit after tax of Rs.
42.22 Lakhs, against a total income of Rs. 1257.24 Lakhs and a net loss
of Rs. 6.07 Lakhs during the corresponding six months period of previous
year, registering a growth of  76% in total income.

 

On a consolidated basis (including its wholly owned subsidiaries), the
company has posted a net profit of Rs. 76.02 Lakhs on a total income of
Rs. 3365.69 Lakhs for the half year ended September 30, 2006.

 

Commenting on the results SQL Star International Limited CMD Mr. N R
Ganti said, "Growth in all business segments has contributed to these
results. As a part of inorganic growth strategy, SQL Star International
Limited has acquired US based IT services company during the last
fiscal, which helped in registering higher revenue growth from Software
Services segment."

 

 

About SQL Star 

SQL Star International Limited is a leading IT services company with a
distinctive blend of offerings in the Knowledge and Enterprise Services
space. The Company has a unique "Knowledge Harvesting" business model
leveraging the strengths of each of its segments. Headquartered in
Hyderabad, it has 8 learning centers in India with wholly owned
subsidiaries in USA, UK, Australia and Singapore. 

 

For more information please contact:



Ms Naini Roy Choudhury/


Joysmita Chakraborty 


Adfactors PR Pvt Ltd


Raj Mahal, 4th floor,

84, Veer Nariman Road, Churchgate.

Mumbai-400020          

                        

Cell: +91 9819900135 /

+91 9867195612                     

naini.roychoudhury@adfactorspr.com

joysmita.chakraborty@adfactorspr.com

 

 

Ms. Saloni Sood

SQL Star House,

13 Infocity, Madhapur,

Hyderabad - 500081.

Andhra Pradesh, India.

T: 040 - 23101600

F: 040 - 23101663

E: saloni.sood@sqlstar.com


www.sqlstar.com