Zicom to Jump up by
Zicom eyes consolidated revenue of
Rs 1,000 cr by FY'15
Systems Ltd is eyeing a consolidated revenue of Rs 1,000
cr. by FY2014-15 from the Rs 700 crore last fiscal.
"Our group consolidated revenue was around Rs 700 crore
"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 cr in
the quarter ended March 2013 as against Rs 1.49 cr.
during the previous quarter ended March 2012. Sales rose
17.99 per cent to Rs 82.76 cr. in the quarter ended March
2013 as against Rs 70.14 cr. during the previous quarter
ended March, 2012.
For the full audited year, net profit rose 128.17 per cent to Rs
For the full audited year, net profit rose 128.17 per cent to Rs
8.10 cr. in the year ended March 2013 as against Rs 3.55 cr.
during the previous year ended March 2012. Sales grew
21.42 per cent to Rs 266.41 cr. in the year ended March 2013
as against Rs 219.42 cr. during the previous year ended
March 2012.
Zicom has launched a new technology in CCTV called the
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
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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