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Thursday, June 24, 2010

IKF Technologies - Latest News

IKF Technologies announced today that it has bagged contract from Metlife India Insurance Company. 3- 4 days back, it also announced that it has got a contract from Aircel.

IKF Tech wins BPO contract from Metlife
The contract work includes providing telecalling activities i.e. BPO and call centre services relating to insurance segment for PAN eastern region initially for a period of 12 months.

The contract will further enhance the revenue of the company.

IKF Tech bags BPO contract from Aircel
The contract work includes providing BPO and call centre services in Eastern region of India which will include Calcutta, the rest of Bengal, North East, Bihar and Orissa and with a capacity of 1,000 work stations.

IKF Technologies provides telecom, IT software development, business process outsourcing (BPO) and application maintenance services.

Recently, IKF Technologies reported rise of 92.55% in consolidated net profit on y-o-y basis to Rs 100.69 million, while total income increased 27.06% y-o-y basis to Rs 579.37 million for the quarter ended March 2010.

Looking at all these developments, future outlook for this small cap stock looks good. A few months back, they had announced the plan to hire 1500 employees. I believe this could become a multibagger stock in long run. Though, lately I did not get to hear anything about their Bio fuel and Internet telecom initiatives. I visited their websites and both the website are down. Does anyone have any insights?
Disclaimer: I have invested in this stock.

Related read:
IKF Technologies - For Patient Investors
IKF Technologies - Bio Diesel Story - Buy Stocks To Gain Or Loose..

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