Mumbai, January 28, 2010: Zicom Electronic Security Systems Limited (BSE Code: 531404), one of the leading electronic security solutions providers in India, announced its Unaudited Financial Results (Provisional) for the third quarter and nine months ended December 31, 2009 of the current fiscal year 2009 – 2010.

At the Board Meeting held today, the Company declared its Consolidated Unaudited Financial Results (Provisional).

The highlights of Consolidated Unaudited Financial Results (Provisional) for the third quarter and nine months ended December 31, 2009 are:

Third Quarter ended December 31, 2009:

On Standalone basis:

• Total Standalone Income for the quarter ended December 31, 2009 at Rs. 67.16 crores, shows a growth of over 29% as compared to Rs. 52.26 crores in the corresponding previous quarter.
• Earnings before Depreciation, Interest and Tax (EBDITA) stood at Rs. 9.30 crores as against Rs. 6.75 crores, an increase of 38% on comparative quarter in the previous year.
• Net Profit After Tax at Rs. 3.02 crores as against Rs. 2.42 crores of the previous quarter shows a increase of 25%.
• The Company’s Earning Per Share (EPS) has increased to Rs. 2.38 as against Rs. 1.91 in that of previous quarter.

On Consolidated basis:

• Total Consolidated Income for the quarter ended December 31, 2009 at Rs. 141.58 crores, shows a growth of over 41% as compared to Rs. 100.51 crores in the corresponding previous quarter.
• Earnings before Depreciation, Interest and Tax (EBDITA) stood at Rs. 16.30 crores as against Rs. 14.95 crores, an increase of 9% over comparative quarter in the previous year.
• Net Profit After Tax and minority interest at Rs. 4.24 crores as against Rs. 5.37 crores of the previous quarter shows a decrease of 21%.
• The Company’s Earning Per Share (EPS) has decreased to Rs. 3.34 as against Rs. 4.22 in that of previous quarter.

Nine months ended December 31, 2009:

On Standalone basis:

• Total Standalone Income for the nine months ended December 31, 2009 at Rs. 179.04 crores, shows a growth of over 26% as compared to Rs. 142.65 crores in the corresponding previous quarter.
• Earnings before Depreciation, Interest and Tax (EBDITA) stood at Rs. 25.41 crores as against Rs. 18.12 crores, an increase of 40%.
• Net Profit After Tax at Rs. 8.53 crores as against Rs. 7.30 crores of the previous nine months shows an increase of 17%.
• The Company’s Earning Per Share (EPS) has improved to Rs. 6.72 as against Rs. 5.76 in that of previous nine months.

On Consolidated basis:

• Total Consolidated Income for the nine months ended December 31, 2009 at Rs. 375.38 crores, shows a growth of over 38% as compared to Rs. 272.48 crores in the corresponding previous quarter.
• Earnings before Depreciation, Interest and Tax (EBDITA) stood at Rs. 48.92 crores as against Rs. 35.88 crores, an increase of 36%.
• Net Profit After Tax and minority interest at Rs. 16.05 crores as against Rs. 13.41 crores of the previous nine months shows an increase of 20%.
• The Company’s Earning Per Share (EPS) has improved to Rs. 12.64 as against Rs. 10.56 in that of previous nine months.

Commenting on the results, Mr. Manohar Bidaye, Chairman – Zicom Electronic Security Systems Limited said, "On consolidated basis, the Company has shown good performance of 41% topline growth as compared to industry standard. On standalone basis too, the performance is satisfactory.

As regard bottomline, on consolidated basis, profit has dampened mainly due to Retail still lagging behind the expectation and the Gulf business of Unisafe is showing marginal pressure on margin due to ongoing recession.

The bottomline of the parent Company has not grown in commensurate with topline mainly on account of higher finance cost, which also covers loss on account of foreign exchange fluctuations even though the EBDITA margin has shown robust growth of 40%."

About Zicom Electronic Security Systems Limited:

Zicom Electronic Security Systems Limited is the leading electronic security solutions provider in India; having a consolidated turnover of more than Rs. 376 crores for the year ended March 31, 2009. The Company offers a wide range of products including access control systems using keypad, proximity card & biometrics, CCTV surveillance including remote video surveillance, fire alarm systems, smart cards, perimeter protection system, law enforcement products, etc. The Company has also integrated all this multiple security applications into one coordinated hardware and software package. The Company has got strong software capabilities relating to the security business.

Since its inception in 1994, Zicom has always driven the market with innovations. Zicom pioneered the concept of Central Monitoring Station in India. The Company was the first to introduce wireless security systems. Zicom services the diverse and demanding security needs of private and public sectors. Its customers include several large Indian and multinational companies in the field of infotech, telecom, media, banking, finance, industrial, etc. as well as various public sector units.

For further information, please contact:
Cynthia Gokhale : 91 9987267167
cynthia.gokhale@zicom.com