Recently listed Intrasoft Technologies, which owns and operates the e-greeting cards portal 123greetings.com has reported a Consolidated Profit After Tax (PAT) of Rs. 87.96 million for the financial year ending March 31st 2010 (FY10), up from Rs. 53.82 million for FY09, on revenues of Rs. 309.07 for the year. Revenues are up from Rs. 233.51 million at the end of FY08. The company reported an Operating Income of Rs. 292.08 million, up 36.56% from Rs. 213.8 the previous fiscal. Other income was Rs. 16.98 million, down from Rs. 19.6 million the previous year. In the coming quarters, we may see other income increase, given that the company raised Rs. 536.5 million from its IPO. For the quarter (Q410) the company has reported a consolidated PAT of Rs. 25.41 million on consolidated total income of Rs. 97.05 million. The company has issued an interim divident of 7.5%: Rs. 0.75 per share. At the close of trading today, Intrasoft was trading at Rs. 125.45, much below its offer price of Rs. 145, and down 1.67 percent, on par with the 1.76 percent the BSE fell today. That said, executives of several Internet companies in India have been enthused by Intrasoft's IPO. Guidance for FY11 Intrasoft expects to end FY11 with an annual income of between Rs. 500-520 million, and a PAT of between Rs. 140-145 million. They expect EPS to increase to Rs. 10 per share, from its current level of Rs. 6 per share (post-IPO). We've asked Intrasoft for more details on…
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