Allied Digital has announced their year ended results, with total income of Rs.300.30 crores for the year ended March 31st, 2008, an increase of 92.25 percent as compared to the total income of Rs 156.20 crores for the year ended March 2007. The Net Profit after Tax for the year ended March 2008 was Rs 42.94 crores as against a PAT of Rs 22.93 crores for the year ended March 2007, an increase of 87.27 percent. Income from operation has seen the growth of 90.51 percent for the year ended March 31st, 2008.

Also, the company's quarter ended March 31st, 2008 results have shown a total income of Rs 82.84 crores, an increase of 71 percent as compared to Total Income of Rs 48.36 crores for the quarter ended March 2007. The Net Profit after Tax for the quarter ended March 2008 was Rs12.39 crores as against a PAT of Rs 7.73 crores for the quarter ended March 2007, an increase of 60.28 percent. Income from operation has seen the growth of 69.45 percent for the quarter ended March 31st, 2008.

Commenting on the results, Nitin Shah, Chairman & Managing Director said, "We have always been focused on our vision to be one of the leading global IT players, which is quite evident from our performance. We have launched our Remote Management Services (RMS) consisting of a Network Operation Centre (NOC) and Information Security Operation Centre (SOC) at Mahape in order to leverage the company's current strengths to address international markets and expand revenue base in Indian market. We have also witnessed significant growth in our integrated solutions business."

Shah further added, "Our recent acquisition of 51 percent stake in Digicomp Complete Solutions would help enhance capacity. Moving forward, the company is eyeing for acquisitions in countries like US, Middle East and Australia. We are planning to raise $100 million dedicated mostly to acquisitions planned in the coming years. I am quite confident that these acquisitions will drive our Allied Digital to great heights in terms of robust growth and higher profit margins."

FY 2008 Financial Performance:

-- Total Income for the year ended March 2008, stood at Rs 300.30 crores, Up by 92.25 percent

-- Profit, After Tax, for the year ended March 2008, at Rs 42.94 crores, up by 87.27 percent

-- EPS for the year ending March 2008 is 26.98, up by 41.63 percent