Avance Technologies Limited
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BSE Code:
512149
NSE Code:
AVANCE
Business Profile
Business Profile
Avance Technologies (AVANCE) is a software company. Incorporated on Jan. 30, 1985, it went public in 1991. Earlier known as VMC Software, it got its present name on Mar. 04, 2003.
The company is engaged in software and call center activities. Its center is located in Infotech Park, Vashi, Mumbai. It has a tie-up with SES-INC, USA for outsourcing call center campaigns in the subcontinent.
The registered office of the company is located at 32/115, 1st Floor, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai-400053.
Financials
Avance Technologies registered a 520% growth in net profit to Rs 1.55 million for the quarter ended December 2007 from a profit of Rs 0.25 million for the quarter ended December 2006.
Net sales increased 2.36 times to Rs 215.3 million for the quarter ended December 2007 from Rs 91.3 million for the quarter ended December 2006.
Total income rose 130.49% to Rs 215.51 million for the quarter ended December 2007 from Rs 93.5 million for the quarter ended December 2006.
The earnings per share (EPS) of the company stood at Rs 0.71 for the quarter ended December 2007.