Blue Star Infotech Limited has reported 61% increase in consolidated total income at Rs. 48.86 Crores for the quarter ended December 31, 2012 compared to Rs. 30.34 Crores for the same period in FY 2011-12. With this, BSIL has surpassed last full financial year’s income in the first three quarters of this year itself. The total income for FY 2011-12 was Rs. 134.43 crores whereas the income for the first three quarters is Rs. 141.50 crores. Profit after tax for the quarter stood at Rs. 2.14 crores which is 159% more than the same period last year. The year to date profit after tax is Rs. 4.38 crores for FY 2012-13 as compared to Rs. 2.01 crores last year.
Sunil Bhatia, MD & CEO, Blue Star Infotech Ltd said, “The combination of our revamped business model and the new entrepreneurial leadership team has worked very well for the growth of BSIL. Even in this economically turbulent environment, we have grown faster than the average industry rate. This upward trend was primarily due to our pursuit of both organic and inorganic opportunities. Our solution-centric approach fusing our own IPs and products of our partners, and domain knowledge has enabled us to add new logos to our customer portfolio. We hope to see further growth in the coming quarter.”
He further added ‘‘With customers looking more for strategic partners to address their immediate technology needs, BSIL’s solution-centric model and domain knowledge will be an added advantage. “
BSIL also announces the appointment of a new Global Delivery Head, Ramesh Subramanian. He is responsible for further strengthening the delivery capabilities globally.
