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Chennai
Eonour Technologies Limited, a Chennai based ISO 9001:2000 certified
IT Solutions provider had an impressive performance during the fourth
quarter ended for the financial year 2002-2003.
The Consolidated Total Turnover recorded by Eonour, including their 4
subsidiaries for the fourth quarter was Rs 5473.97 lakhs.
Eonour, on its own, has achieved sales of Rs.2605.55 lakhs for the quarter
ended 31/3/2003 as compared to Rs.1742.41 lakhs for the same quarter in
the last year recording a growth of 49.5%.
The year-ended turnover for Eonour 2002-2003 is Rs 9563.97 Lakhs with
a net profit of Rs.2124.05 Lakhs. The consolidated turnover stands at
Rs 19636.71 lakhs with a net profit of Rs. 3747.22 Lakhs.
This impressive growth has been due to the acquisition of four domestic
firms; this has provided a value-add to Eonour Tech in terms of being
an end-to-end solution provider and thus widening its scope of the market
and solution provision.
The consolidated EPS for the current year stands at Rs 4.60 as against
the corresponding period EPS of Rs 3.67. The subsidiaries have contributed
Rs 10072.74. lakhs to the top line and Rs 1623.16. Lakhs as the bottom
line.
Eonour is a Chennai based total solutions provider with focus on enterprise
application integration (EAI) arena. With core expertise in Supply Chain
Management, eonour's suite of products addresses each aspect in the chain:
the supplier, logistics, manufacturer, distributor and customer.
Some of the recent prestigious orders include: networking of 340 schools
in Andhra Pradesh, deploying ATMs for State Bank of India, supply of voice
and data infrastructure for Verizon, supply of active components to Idea
Cellular, structured cable networking for GATI Cargo.
Also one more collection to the kitty this year was with the execution
of a project "Vendor Quality Management System" for Hyundai Motor. This
system helps Hyundai Motor to monitor the quality of the parts supplied
by their various vendors. The application provides statistical information
for various categories on the quality of parts supplied by each vendor.
Eonour's list of prestigious clients include: Hyundai Motor, L&T (LTM
Business Unit) Hero Honda Motors, Kinetic Engineering, Amara Raja Johnson
Controls, Hero Motors, PentaDaewha Auto Parts, Best Group International
Hong Kong, Legend Electronics Hong Kong.
The company's strategy for growth, other than widening its technology
and market base, includes inorganic growth through acquisitions in domestic
market. With this in mind, the company had acquired four companies in
the domestic sector in the 2nd quarter of 2002-2003, which has enhanced
its presence in the existing line of business.
Eonour envisages a broader business scope and better market penetration
with mergers and acquisitions in the future.
As a part of its continual expansion plans, Eonour will be approaching
the international arena through GDR issues. With this, Eonour will be
looking at raising USD 27 million, which will go into funding their domestic
and overseas expansion and acquisition plans.
The focus this year will be consolidate and streamline the acquired businesses.
According to Mr Karthik, CEO "We are slowly moving from strength to strength
and our growth is obvious from our sales; we are careful that we do not
diversify so much that the vision of being a technology provider is lost;
we will be focusing this year in consolidating our businesses to streamline
our operations".
For further details please contact:info@eonour.com
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