Financial Daily from THE HINDU group of publications
Wednesday, Jul 28, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jul 28, 2004 |
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Info-Tech
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Financial Performance Corporate Results - Software Hinduja TMT Q1 net up 10 pc Our Bureau
BANGALORE: Hinduja TMT posted a total income of Rs 45.34 crore for the first quarter ended June 30, up 30 per cent from Rs 34.94 crore a year ago. The net profit for the period grew by 10 per cent to Rs 18.98 crore against Rs 17.23 crore in the corresponding period in 2003-04. The company's total income and net profit rose 11 per cent and 22 per cent, respectively, quarter-on-quarter on a sequential basis. Revenues from the company's core business of IT rose 35 per cent to Rs 42.83 crore from Rs 31.74 crore in the corresponding quarter last year with the net profit up by 19 per cent in the same period.The company, which had paid an interim dividend of 50 per cent (Rs 5 per share on face value of Rs 10) in March 2004, has proposed a final dividend of 25 per cent (Rs 2.50 per share on face value of Rs 10). The total dividend for the year would aggregate to Rs 7.5 per share compared to Rs 7 per share (70 per cent) for the previous year.
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