HTMT net profit up 22%

BANGALORE: Hinduja TMT (HTMT) has reported a 22 percent growth in net profit from Rs 62.03 crore for the financial year ended March 31, 2004 as compared to Rs 75.62 crore posted last year.

The company has reported a total income of Rs 162.48 crore for the financial year ended March 31, 2004 compared to Rs 114.47 crore, registered last year, representing an increase of 42 percent.

The earning per share increased by 22 percent to Rs 18.49 per share from Rs 15.16 per share in the previous year.


While the total income for the quarter ended March 31, 2004 rose by 27 percent to Rs 40.79 crore, the net profit increased marginally and stood at Rs 15.54 crore, compared to Rs 15.50 crore for the quarter ended March 31, 2003.

The consolidated revenues increased by 33 percent from Rs 216.78 crore last year to Rs 288.49 crore for the year ended March 31, 2004. The consolidated net profit for the year ended March 31, 2004 at Rs 86.45 crore represents an increase of 48 percent over the previous year's net profit of Rs 58.32 crore.

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