Highlights of the call

• The standalone net sales for Q3 has increased by 52% to Rs 31.31 crore while net profit has increased by 113% to Rs 4.44 crore. The consolidated net sales stood at Rs 126.91 crore and net profit at Rs 24.8 crore.

• The standalone net sales for 9M FY11 has increased by 43% to Rs 42.6 crore while net profit has increased by 100% to Rs 12.78 crore. The consolidated net sales stood at Rs 426.17 crore and net profit at Rs 80.32 crore.

• The net sales on Q-o-Q basis has come down due to change in business profile from low profitability high cost business to 2D to 3D conversion business.

• It is present working on large project whose execution will take place in 16 to 22 weeks.

• It has opened its Chandigarh facility in January 2011. The present seat capacity here is 285 which will be taken to 1000 shortly.

• It will soon open new facility in London and New York for its 2D to 3D conversion and visual effect business. London facility will come to operational in April.

• The new facility of London will not impact its EBIDTA margin as employee cost in London is low compared to America.

• It has seen India's contribution coming down on quarter on quarter basis.

• It has added 450 staff in Q3. Total staff in Q3 has stood at 3000 from 1200 on Y-o-Y basis.

• Out of 3000 employee, 60% to 65% is working on this 2D to 3D business

• The debtor days in India is 190 days.

• Consolidated debt on book as on 31^st December 2010 stands at Rs 230 crore. Cash on book is Rs 45 crore.

• The managements expects the current EBIDTA margin of 30% will remain going forward also.