Mumbai, October 28, 2009 /India PR Line/ 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 second quarter and half year ended September 30, 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 for the second quarter and half year ended September 30, 2009 are:

Second Quarter ended September 30, 2009:

• Total Consolidated Income for the quarter ended September 30, 2009 at Rs. 129.10 crores, shows a growth of over 45% as compared to Rs. 88.90 crores in the corresponding previous quarter.
• Earnings before Depreciation, Interest and Tax (EBDITA) stood at Rs. 17.61 crores as against Rs. 10.77 crores, an increase of 63% on comparative quarter in the previous year.
• Net Profit After Tax and minority interest at Rs. 7.43 crores as against Rs. 4.22 crores of the previous quarter shows an increase of 76%.
• The Company’s Earning Per Share (EPS) has improved to Rs. 5.85 as against Rs. 3.31 in that of previous quarter.

Half year ended September 30, 2009:

• Total Consolidated Income for the half year ended September 30, 2009 at Rs. 233.80 crores, shows a growth of over 36% as compared to Rs. 171.97 crores in the corresponding previous quarter.
• Earnings before Depreciation, Interest and Tax (EBDITA) stood at Rs. 32.62 crores as against Rs. 20.92 crores, an increase of 56%.
• Net Profit After Tax and minority interest at Rs. 11.81 crores as against Rs. 8.04 crores of the previous half year shows an increase of 47%.
• The Company’s Earning Per Share (EPS) has improved to Rs. 9.30 as against Rs. 6.33 in that of previous half year.

Commenting on the results, Mr. Manohar Bidaye, Chairman – Zicom Electronic Security Systems Limited said, “The Company has posted excellent results due to overall improvement in business environment in India & U.A.E. The flagship business of providing security solutions is growing steadily at about 25%. The retail subsidiary break evened and posted marginal profit, while Unisafe continued its excellent performance. We expect this trend will be better in the second half of the year.”

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