DQ Top 20:#48 Infotech Enterprises: Impressive Gains

CMD: BVR Mohan Reddy www.infotech-enterprise.com

Another good year and the healthy financials sums it all. In FY13, revenue and net profit grew by 21% YoY and 43%, respectively. The company's other achievement over FY13 relates to its significant improvement in Free Cash Flow (FCF)-FCF generated was `112 crore vs `51 crore last year and it is the highest ever. Employee gross addition for the year was 3,092-highest ever. Infotech also added 64 customers during the year, 34 in engineering and 30 in UT&C-which crossed milestone of $100 mn revenue in FY13. Utilities and Telecom BU posted YoY growth of 32.1% in INR terms and 16.8% in US Dollar terms. Meanwhile the Content BU for the full year achieved 26.3% YoY growth in INR terms. Infotech also opened a new SEZ facility inaugurated at Kakinada.

Highlights

• Recognized as ‘Supplier of the Year 2012' in the International category by The Boeing Company
• Q4 was good with significant customer wins