CTEL FY 2010 revenues at Rs. 70.33 cr

Written by Businesswire India | Hyderabad | Updated: May 31 2010, 16:52pm hrs
Cambridge Technology Enterprises Limited (CTE), a global IT services provider, announced its financial results for the year ended 31st March, 2010.

Consolidated Results for FY 2010

CTEL has achieved a turnover of Rs. 70.33 Crore for the year ended 31st March, 2010, as against a turnover of Rs. 178.32 Crore in the previous year. The Company posted a loss at EBIDTA level of Rs. 3.81 Crore for the year ended 31st March, 2010 versus a profit of Rs. 23.27 Crore recorded in the year ending 31st March, 2009. Net Loss for the year ended 31st March, 2010 is Rs. 20.42 Crore, and the same was a Profit of Rs. 5.65 Crore, for the year ended 31st March, 2009.

Standalone Results for FY 2010

CTEL has achieved a turnover of Rs. 32.78 Crore for the year ended 31st March, 2010, as against a turnover of Rs. 48.05 Crore in the previous year. The Company posted an EBIDTA of Rs. 12.73 Crore for the year ended 31st March, 2010 versus Rs. 11.16 Crore recorded in the year ending 31st March, 2009. Net Profit for the year ended 31st March, 2010 is Rs. 9.63 Lakh, and the same was Rs. 4.61 Crore, for the year ended 31st March, 2009.

Others Highlights

Consolidated financials do not include financials of Smartshift Gmbh, and Vox Holdings Inc., for pending legal formalities. Smartshift Gmbh has generated revenue of Euro 1,031,780 and made a Net Profit of Euro 119,647 during the period 11th November, 2009 to 31st March, 2010.