Zicom Electronic Security Systems Ltd
CORPORATE
Zicom eyes consolidated revenue
of
Rs 1,000 cr by FY'15
Electronic
security systems maker Zicom Electronic Security Systems Ltd
is eyeing a consolidated revenue of Rs 1,000 crore by
FY2014-15 from the Rs 700
crore last fiscal.
"Our group consolidated revenue was around Rs 700 crore in FY'13 and we expect to continue our growth and hope to achieve around 15 to 20 per cent growth. We expect to clock Rs 1,000 crore revenue by FY'15," Zicom Electronic Security Managing Director, Promoud Rao said.
"Our group consolidated revenue was around Rs 700 crore in FY'13 and we expect to continue our growth and hope to achieve around 15 to 20 per cent growth. We expect to clock Rs 1,000 crore revenue by FY'15," Zicom Electronic Security Managing Director, Promoud Rao said.
The company's net profit rose 43.62 per cent to Rs 2.14 crore in the quarter
ended March 2013 as against Rs 1.49 crore during the previous quarter ended
March 2012. Sales rose 17.99 per cent to Rs 82.76 crore in the quarter ended
March 2013 as against Rs 70.14 crore during the previous quarter ended March,
2012.
For the full audited year, net profit rose 128.17 per cent to Rs 8.10 crore in the year ended March 2013 as against Rs 3.55 crore during the previous year ended March 2012. Sales grew 21.42 per cent to Rs 266.41 crore in the year ended March 2013 as against Rs 219.42 crore during the previous year ended March 2012.
Zicom has launched a new technology in CCTV called the 'Push Video', which allows users to view live incident video on their portable devises. The country's electronic security market today is worth over a billion dollar, with CCTV system accounting for over 70 per cent of the market. “There has been a tremendous growth in the industry compared to few years ago due to awareness about increasing crime rates,” Rao said.
The company last year acquired Phoenix International in Qatar, considering the growth potential in the Middle East market. This year we have done around Rs 70 crore business and next year we expect to witness over 30 per cent growth, Rao said.
For the full audited year, net profit rose 128.17 per cent to Rs 8.10 crore in the year ended March 2013 as against Rs 3.55 crore during the previous year ended March 2012. Sales grew 21.42 per cent to Rs 266.41 crore in the year ended March 2013 as against Rs 219.42 crore during the previous year ended March 2012.
Zicom has launched a new technology in CCTV called the 'Push Video', which allows users to view live incident video on their portable devises. The country's electronic security market today is worth over a billion dollar, with CCTV system accounting for over 70 per cent of the market. “There has been a tremendous growth in the industry compared to few years ago due to awareness about increasing crime rates,” Rao said.
The company last year acquired Phoenix International in Qatar, considering the growth potential in the Middle East market. This year we have done around Rs 70 crore business and next year we expect to witness over 30 per cent growth, Rao said.
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