ALPHAGEO (INDIA) LTD-$

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BSE Code: 526397       NSE Code: ALPHAGEO

Business Profile
Business Profile
Headquartered in Hyderabad, Alphageo (India) was incorporated in 1987 and is a private sector provider of seismic survey services to the rapidly growing oil exploration and production sector. It provides the entire spectrum of seismic and related services including acquisition, processing and interpretation of seismic data. Till FY05, the company was active primarily in the 2D seismic data acquisition business. However, having acquired capabilities in 3D data acquisition over the years, the company started bidding for 3D data acquisition business as well. Alphageo acquired speculative seismic data as a venture partner with Directorate General of Hydrocarbons in Ganga Valley and Vindhyan basins. Alphageo has recently bagged orders worth Rs 320 million. The company also has an option to accept a Rs 200 million low-margin order from Oil India. Moreover, one of the orders is from Rajasthan which should help in mitigating the seasonality pattern resulting from the closure of operations during the monsoon season in the North-East region.

Financials
The company swung to loss for the quarter ended December 2008. During the quarter, the company reported loss of Rs 47.63 million compared with a profit of Rs 4.99 million in the same quarter last year. Net sales declined 98.34% to Rs 1.77 million, while total income for the quarter fell 97.59% to Rs 2.59 million, when compared with the prior year period. It posted loss of Rs 9.30 a share during the quarter compared with earnings of Rs 1 a share in previous year period.

Recent Developments
06-MAR-09
The company has bagged a contract order valuing Rs 390.10 million from Oil & Natural Gas Corporation (ONGC) for seismic data acquisition in Cauvery Basin, Tamil Nadu.


Other Information
Annual Reports for ALPHAGEO (INDIA) LTD-$
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2022-23
2021-22
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1996-97

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