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Maars net profit up by 50%

Apr 21, 2000

Maars Software International Limited is a Chennai based company engaged in software solutions,systems engineering, enterprise resource planning(ERP) and customer relationship management(CRM).The company has recently tied up with SAP AG of Germany as a business partner for implementation of ERP solutions.It has also recently tied up with Siebel for CRM implementations.

(Rs m) 3QFY1999 3QFY2000 Change
Sales 111 201 81%
Other Income - 3  
Expenditure 79 155 96%
Operating Profit (EBDIT) 32 46 44%
Operating Profit Margin (%) 28.8% 22.9%  
Interest 4 2 0%
Depreciation 3 10 233%
Profit before Tax 25 37 48%
Other Adjustments -  
Tax - -  
Profit after Tax/(Loss) 25 37 48%
Net profit margin (%) 22.5% 18.4%
Earnings per share 3.48 2.57 -26%

Tie ups with these world majors has seen a significant boost in income and profits. The company also has ambitious plans of foraying into areas such as Internet based services and e-commerce. It also has plans of expanding its services globally by acquiring companies overseas for which it plans to come out with an American Depository Services issue or a Global Depository Receipts issue. During the current year the company announced a bonus of 1:1 and as a result the equity capital of the company has gone up from Rs 72 m to Rs 144 m . This is why the earnings per share has declined marginally.

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