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MRO-TEK announces 43 percent growth in Q1 2005-06
MRO-TEK, a provider of product-based solutions to access a
network, has announced that it has registered a net growth of 43 percent for
AMJ 2005. Revenues stood at Rs 36.43 crore as opposed to the Q1 2004-2005 figure
of Rs 25.50 crore. Profits for the same period stood at Rs 3.5 crore against
Rs 1.4 crore, up by 150 percent.
“MRO-TEK had a great quarter,” said S Narayanan, its Chairman and
Managing Director. “We experienced growth in most areas of our business,
and most dramatically by adding a record 15 new customers this quarter who contributed
Rs 4 crore to the revenue. ADSL modems and broadband products are driving our
growth.”
Narayanan added, “With most customers moving towards
Ethernet broadband technologies, our decision to invest in R&D initiatives
over the last few years has begun to bear fruit. As broadband continues to become
a reality, there is simultaneous growth in the marketshare of our products.
We are witnessing huge traction with developing countries for our flagship product
e-SONA 100. We are bullish about opportunities and optimistic of the acceptance
and deployment of the e-SONA range of products.”
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