Update: Geodesic Ltd has also informed the BSE that their Board of Directors has considered grant of 5,00,000 options to their employees, as well as employees of their subsidiary companies. Original Story: Mobile applications company Geodesic Ltd has reported a net profit of Rs. 662.7 million for the quarter ending March 31st 2009, 21% down from the Rs. 837 million reported in Q3, but up 32% compared to Q408. Profits were lower despite net sales being flat (down 1%) quarter on quarter at Rs. 1,813.6 million. Net sales were a significant 75% higher than in Q408. The company recorded an earnings per share of Rs. 7.19. These are consolidated results, which includes the companys interests in Chandamama and Picopeta. On a standalone basis, Geodesic reported revenues of Rs. 406.96 million, on net sales of Rs. 1391.25 million, with an EPS of Rs.…
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