New Delhi,  Triton Corp Limited, a leading company, engaged in the business of IT and IT enabled services posted a strong performance for the Quarter and Half-year ending 30th September 2007.
Speaking on the occasion, Mr.K.C.Gupta, MD & CEO - Triton Corp Ltd said "We are happy to realize that Triton has maintained the steady momentum of its growth in this quarter too. A balanced organic and inorganic growth has helped Triton meet its targets and come a long way. The improved performance has been the result of the gradual business development from countries like UK, USA and Australia which have resulted in better utilization of existing resources and catering to higher value added services and also achieving better operational productivity and efficiency. With the company treading on a strong strategic platform, we expect the performance to continue and sustain the progress also in the times to come", he added.
Financial Performance Q2 FY 07-08 Vs Q2 FY 06 - 07
The Total income of the company during the quarter showed an increase of 191% to Rs.313.39 million from Rs.107.48 million reported in the corresponding quarter previous year.
The Net Profit of the company also went up to Rs.57.94 million for the quarter ended September 30th, 2007 as against Rs.15.63 million reported in the corresponding quarter in the previous year.
The profit from ordinary activities before tax for the company during the quarter went up to Rs.64.08 million for the quarter as compared to Rs.15.72 million for the corresponding quarter in the previous year.
Financial Performance H1 FY 07-08 Vs H1 FY 06 - 07
The Total income of the company during the half year showed an increase of 177% to Rs.543.87 million from Rs.196.53 million reported in the corresponding half year for the previous year.
The Net Profit of the company also went up to Rs.97.99 million for the half year ending September 30th, 2007 as against Rs.23.41 million reported in the corresponding half year in the previous year.
The profit from ordinary activities before tax for the company during the half-year jumped to Rs.110.71 million for the half year as compared to Rs.23.56 million for the corresponding half year in the previous year.
In January 2007 Triton Corp Ltd purchased 100% equity of Maple eSolutions Ltd from Haryana Fibres Ltd. Maple eSolutions Ltd is a Company in the similar line of business as that of the Company i.e. IT, ITES and BPO. It is currently running a 150 seater Call Centre at Noida (U.P.). Since Maple eSolutions Ltd (100% subsidiary) was aquired only on 01.01.2007, the consolidated figures for the year ended on 31.03.2007 includes only 3 months figures of the subsidiary. Likewise, Westtalk Corporate Ltd, U.K. became a 100% subsidiary of the Company only from 02.07.2007, hence consolidated half year figures include only three months figures of Westtalk Corporate Ltd. Moreover, since both the subsidiaries were aquired only in the year 2007, the comparable figures for the corresponding periods of the previous year are not applicable.