Omnitech clocks a net profit of Rs 539.30 lakh

Mumbai, Oct 13: Omnitech InfoSolutions, an IT technology service provider, posted a net profit of Rs 539.30 lakh in the second quarter of the current fiscal.

The topline of the Company has jumped by 73 per cent to Rs 2,815.29 lakh as against Rs 1,627.89 lakh for the same period last year.

The Company has added 12 customers in this quarter and 9 in the previous. The manpower has also increased by 11 per cent.

During the quarter, the Company entered into a joint venture with Arham Technologies and Japan-based Sanwell in banking and financial services and IT enabled services space.

The Company has also entered into the capital market in this quarter with Initial Public Offering (IPO) comprising 33,33,333 equity shares of Rs 10 each at a premium of Rs 95 per equity share.

The equity shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

Omnitech InfoSolutions provides business availability services, business continuity services, systems integration solutions, and framework solutions and products.

The business of the Company is spread across US, Canada, UK, Belgium, Bahrain and Japan with client base across sectors like banking and financial Services, IT enabled services, manufacturing, utilities and services.

UNI