Spanco Telesystems rings on new orders

Spanco Telesystems & Solutions surged 5.07% to Rs 172.05 at 10:33 IST on BSE after the company said on Monday, 31 March 2008, it won orders worth Rs 166 crore from various parties.

The stock hit a high of Rs 176 and a low of Rs 168.85 so far during the day. The stock had a 52-week high of Rs 300 on 28 May 2007 and a 52-week low of Rs 136.30 on 26 March 2008.

The company’s current equity is Rs 20.65 crore. Face value per share is Rs 10.

The current price of Rs 172.05 discounts its Q3 December 2007 annualized EPS of Rs 27.91, by a PE multiple of 6.16.

Spanco Telesystems & Solutions’ net profit rose 32.08% to Rs 14.41 on a 38.44% growth in net sales to Rs 188.3 crore in Q3 December 2007 over Q2 September 2007.

On 7 January 2008, Spanco Telesystems secured a contract worth Rs 13.75 crore to connect jails and courts in Haryana through statewide area network for various E governance initiatives.

On 24 December 2007, the company secured an order worth Rs 40 crore contract from the Andhra Pradesh state government for providing Internet services for five years.

Spanco Telesystems has two main segments, viz. telecommunication and call centre-international.