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Net 4 India Q2-FY13: Rs 5.96 Cr Profit; Revenues At Rs 117.05 Cr

Web domain and hosting service provider Net 4 India has reported a Profit After Tax of Rs 5.96 crore for the quarter ending September 30, 2012, registering a 7.16% decline from Rs 6.42 crore (pdf) in the previous quarter and a 37.46% decline from Rs 9.53 crore profit reported in the same quarter last year.

Profit Before Tax decreased to Rs 8.83 crore for the quarter, down 6.95% from Rs 9.49 crore in the previous quarter and down 37.38% from Rs 14.10 crore profit reported in the same quarter last year. The company reported total income of Rs 117.05 crore for the quarter, a 19.29% increase from Rs 98.12 crore revenues in the previous quarter and a marginal 0.28% increase from Rs 116.72 crore revenues in Q2 FY12. Net 4′s Basic and Diluted EPS decreased to Rs 2.97 from Rs 3.20 per share quarter on quarter, on a consolidated basis.

The company reported domestic sales of Rs 211.45 crore and overseas market sales of Rs 3.71 crore during the quarter, as compared to domestic sales of Rs 95.64 crore and overseas sales of Rs 2.48 crore in the previous quarter and domestic sales of Rs 186.89 crore and overseas market sales of Rs 6.03 crore during the same quarter last year.

In June 2012, International Corporation for Assigned Names and Numbers (ICANN) had released a list of 1,930 applications it received for general top level domains (gTLD), of which 21 Indian companies including State Bank of India, Tata motors, Reliance Industries limited, among others had applied for the gTLDs. Net4 stated that it had applied for various gTLDs strings representing several companies. These include .sbi and .statebank (State Bank of India), .airtel (Bharti Airtel), .bharti (Bharti Enterprises Holding), .ril (Reliance Industries Ltd), .Indians (Mumbai Indians/Reliance Industries), .tata (Tata Sons), .dabur (Dabur India), .hdfc and .hdfcbank (HDFC Bank) and .shriram (Shriram Capital) among others.

Back then, Net4 founder-chairman and managing director Jasjit Sawhney had mentioned that the company expects the gTLDs requests to be approved and the domains to be operational within the next six to seven months.

Download: Financials


Net 4 India Q4FY12: Net Profit Up 62% YoY; Revenues At Rs 145.25 Cr
– Net4 India Q3FY12: Net Profit Up 48% YoY; Revenues At Rs 126.92 Cr
– Net4 India Q2FY12: Net Profit Up 65% YoY; Revenues At Rs 116.72 Cr

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