Reports revenues of Rs. 858 million , net profits of Rs. 13.5 million
Bangalore, April 19, 2006

PSI Data Systems Limited (BSE - PSID), the IT solutions business of the Aditya Birla Group today announced its financial results for the fourth quarter and year ended March 31, 2006. The results were taken on record by the Board of Directors of the Company at its meeting held on April 19, 2006.

• For the fourth quarter ended March 31, 2006, PSI Data Systems posted revenues of Rs. 254.8 million and a net profit of Rs.15.37 million as compared to a turnover of Rs.198.4 million and a net loss of Rs. 3.74 million in Q4 2005.
• In terms of sequential quarter growth, revenues grew 20% while net profit grew 159% over the previous quarter ended December 31, 2005.

• PSI Data Systems has reported revenues of Rs. 858 million and a net profit of Rs.13.5 million for the year ended March 31, 2006.
• The Company reported EBITDA of Rs. 58.0 million for the year ended March 31, 2006, a 225 % growth year-on-year.
• The Company's net profit increased to Rs. 13.5 million for the year ended March 31, 2006 as compared to net loss of Rs. 25.5 million for the previous year ended March 31, 2005.

• Over the past 8 quarters, PSI Data Systems’ operations have been turning profitable with the quarter-on-quarter positive EBITDA growing strongly.
• Year-on-year revenue growth has been marginal. The Company reported a 4% growth in 2005-06 revenues over financial year 2004-05. However the revenue numbers has to be seen in the context of significantly higher offshore revenues.
• The Company closed 2005-06 with an offshore-onsite ratio of 52:48. The offshore component moved significantly from 33% at the beginning of the year to 52% at the end of the year.
• Employee headcount grew by 25%; the Company closed the year with 573 people on board.
• PSI Data Systems added 11 new clients during the financial year 2005-06.
• The Aditya Birla group currently holds a 71 % stake in PSI Data Systems.
• During the year the Company moved into its new state-of-the-art campus at Bangalore.
• For the second year in succession PSI Data Systems was ranked amongst Business World's "Top 25 Great Places to Work 2005"

Commenting on PSI Data Systems’ performance, Mr. Sanjeev Aga, Managing Director, Aditya Birla Nuvo and Director, PSI Data Systems stated, "PSI Data Systems Data is an important element in Aditya Birla Nuvo's mix of growth and value businesses. The company's return to profits is most heartening and surely a prelude to even stronger performance in the coming years".

Announcing the financial results, Mr. Sampath Iyengar, CEO of PSI Data Systems said, "The positive profitability for fiscal year 2005-06 is a signal that PSI Data Systems is in resurgence. Our strategic direction is focused on long-term dominance of chosen markets. The company has already built traction through a differentiated market strategy and deeper value propositions to our customers."

About PSI Data Systems
PSI Data Systems Limited is the Information Technology business of the Aditya Birla group, one of India's largest business conglomerates. PSI Data Systems is a best-in-class IT solutions company serving Banking, Financial Services and the High Tech markets, globally. PSI Data Systems operates offices in the USA, Europe, Japan and delivery centers in India. For more information visit the PSI Data Systems corporate website http://www.psidata.com