Press Releases2011

Jul 27, 2011
Wire and Wireless (India) Ltd declares its Q1 results for FY12

New Delhi, India; July 26, 2011 - The Board of Directors of Wire and Wireless (India) Limited (WWIL) (BSE: 532795, NSE: WWIL EQ) in its meeting held today, has taken on record the unaudited consolidated financial results of the Company and its subsidiaries for the quarter ended June 30, 2011. The consolidated total revenues for the quarter were Rs 804.5 million and operating profit (EBITDA) was Rs. 42.8 million.

Q1 FY2012 - Highlights

Total consolidated operating revenues for the first quarter ended June 30, 2011 was Rs. 798.3 million as compared to Rs. 692.5 million during corresponding quarter last fiscal, recording a growth of 15%

The consolidated operating profit (EBITDA) for the first quarter ended June 30, 2011 was Rs. 42.8 million as compared to Rs. 1.9 million during corresponding quarter last fiscal

WWIL expands its business operations in new Strategic towns

Mr. Subhash Chandra, Chairman, stated, "Indian economy continues to grow with digital services catching the fancy of the Indian television viewer, the industry continues its march towards digitization. Digital cable will play an important role in the digitization of television with government and the regulator looking keen towards implementation of addressable digitization policies and guidelines. With WWIL showing consistently improved operational performance quarter-on-quarter, and with all its infrastructure and systems in place, the company is set to benefit immensely with the onset of digitization."

Mr. Sudhir Agarwal, CEO of WWIL commented, "We have extended the momentum gained during the last fiscal into the first quarter of FY12. Our consolidated revenue grew to Rs 804.5 million, a growth of 15% over corresponding quarter of last year. Majority of our Analog Business units are now operationally self-sustainable, resulting in operational profits. We will continue to work towards making the existing business self-sustainable as well as expand our footprint to new strategically important geographies. While on one hand, the company expanded its business and ground presence by starting operations in newer areas, on the other hand, it undertook strategic cost reduction initiatives to enhance efficiencies and optimize resources. As the market gets ready for next wave of growth, we shall expand our network wider and deeper and capitalize on our investments in infrastructure, systems, processes and people. The outlook for the industry remains positive and the year ahead promises to be an exciting one for WWIL"

Financial Results & Earnings Release available on company's website

« Back