Hyderabad based ICSA (India) Limited announced its unaudited results for Q1 FY08.The Total Income during Q1 '08 has increased by a significant 107.52% at Rs. 122.98 crores when compared with Rs. 59.26 crore during the corresponding quarter in the previous year.

Mumbai, Maharashtra, India, July 30, 2007 (XTVWorld.Com) -- The Company has posted a profit after tax of Rs 23.92 crores for the quarter ended June 30, 2007 as compared to Rs 12.33 crores for the quarter ended June 30, 2006. This shows a commendable 95.52 % increase of PAT over the corresponding quarter in the previous year.

Basic EPS stands at Rs.35.08 as compared to Rs.18.71 for the corresponding quarter in the previous year.

Pleased with the performance of the company in quarter one, Mr. Bala Reddy, Chairman & Managing Director, ICSA (India) Limited said "We are walking on a path of growth, and a good performance by the company in this quarter will only push us towards enhancing our R&D, Modernization and Expansion of existing production facilities."

The higher growth levels achieved by the Company are attributable to the opportunities in Transmission & Distribution losses segment in Power utilities and most of the revenue is driven by its proprietary patented products.

During the quarter, the company has raised USD 24 million by issue of Foreign Currency Convertible Bonds (FCCBs) from International Market.

Recently, ICSA has secured contract worth Rs. 30 crore from Andhra Pradesh Southern Power Distribution Company. The order involves design, supply, transport, construction, testing, erection & commissioning of 33/11KV Substations in Krishna, Guntur & Prakasam Districts of Andhra Pradesh. The project is slated to be completed within a period of nine months.

About ICSA (India) Ltd.:
Incorporated and Headquartered in Hyderabad, ICSA (India) Ltd. has extensive experience in the design and development of customized infrastructure solutions, state-of-the-art embedded technologies and software applications for the gas, water and power sectors with a special focus on the Electrical Power Sector.

The company has been at the forefront of adopting technologies to ensure customer satisfaction with a suite of embedded solutions and quality infrastructure, customized for the specific requirements of enterprises. ICSA (India) is noted for developing technology solutions which help identify distribution losses that are a huge burden to power utilities and in the process reduce the cost of power.

ICSA (India) delivers comprehensive, integrated solutions to a wide spectrum of clients from start-ups to Fortune 500 companies and governments at local, state and national levels across the world. An ISO 9001:2000 company, the company undertakes large power projects across several countries in Asia and Africa.

Website:
www.icsa-india.com