ICSA India’s net up by 109% in FY08

Unaudited Financial results for the Quarter & Year ended March 31, 2008 - Total Income has increased by 109.83 % over corresponding quarter of the previous year.

Q.E March 31, 2008 Vs Q.E March 31, 2007:

The Company has posted a profit after taxation of Rs 37.46 Crores for the quarter ended March 31, 2008 as compared to Rs 18.31 Crores for the quarter ended March 31, 2007. This shows a 104.59 % increase of PAT over corresponding quarter of the previous year.

Total Income has increased by 109.83 % when compared with corresponding quarter of the previous year, from Rs 101.05 Crores for the quarter ended March 31, 2007 to Rs 212.03 Crores for the quarter ended March 31, 2008.

Basic EPS stands at Rs.8.58 per share of Rs.2/- each as compared to Rs.27.75 per share of Rs.10/- each for corresponding quarter of the previous year.

As I am holding this stock can share few words about ICSA, A very momentum stock, Have a target of 600/- by this year end, Be cautious about this stock, can grow like anything. Have resistance at 380/- From observations of last five months.


To strengthen its embedded business ICSA has come out with 4 new products and would add to its offering in FY09.


a) RTU48-48 (Remote Terminal Unit with 48 digital inputs and 48 digital Outputs) is a Substation Data logging system. This system facilitates to monitor digital inputs maximum up to 72 and controlling of breakers up to 24. This system also monitors 15 Transformers in either side of HV or LV.

b) RSLC: Energy savings combined with reduced maintenance costs are prime benefits of street light control and management.

c) Remote Meter Reading and Control (RMRC) is best suited to reads up to 9 single phase meters with connect/disconnect facility, checks for tamper conditions while communication and automation features are maintained.

d) Centralizer-32 reads 32 energy meters data installed in a maximum distance of 300mtrs.therefore reducing manual intervention and building in efficiency.

Additionally, ICSA’s order book stands at INR 900 cr. of which the embedded systems constitutes about 60% approximately.