Revenue decreased from Rs 66.13 crore in Q404 to Rs 58.29 crore for the quarter ended March 31, 2005.
The company has reported a 44% drop in net profit to Rs 50.17 crore for the year ended March 31, 2005 as against Rs 89.76 crore for the year ended March 31, 2004. Revenue declined from Rs 268.29 crore in FY04 to Rs 253.39 crore for the year ended March 31, 2005.
The board has proposed a final dividend of Rs 3 per equity share of Rs 10 each in addition to the interim dividend of Rs 1.50 per equity share ( Rs 3 per share paid last year).
The board has also recommended a bonus issue of one equity share for every existing equity share .
Commenting on the results, Jerry Rao, Chairman and CEO, said: "As we approach our fifth anniversary as a group, we can look back with pride at what we have achieved in this period. Our IT business has grown at a healthy rate and we have expanded our portfolio of services as well as our geographic footprint besides increasing our headcount substantially. In BPO, we have grown exponentially - backed by our first mover advantage and are among the leaders in the industry. The year ahead will be one of consolidation on the back of our recent acquisitions, which have expanded our scale and depth of offerings."