Videsh Sanchar Nigam (VSNL) has posted a 385% increase in net profit at Rs 399.2 crore for the quarter ended March 31, 2005 as compared to Rs 82.2 crore for the quarter ended March 31, 2004. According to a release issued to the BSE today, total income increased from Rs 813.2 crore in Q4-04 to Rs 934 crore for the quarter ended March 31, 2005.VSNL has posted a 100% rise in net profit at Rs 756.4 crore for the year ended March 31, 2005 as compared to Rs 377.7 crore for the year ended March 31, 2004. Total income for the fiscal has increased from Rs 3371.1 crore in FY-04 to Rs 3410.4 crore for the year ended March 31, 2005.As per the the consolidated audited results for year ended March 31, 2005, VSNL has posted a net profit of Rs 708.6 crore for the year ended March 31, 2005. Total income stood at Rs 3412.2 crore for the year ended March 31, 2005.As this is the first occasion that consolidated financial results are presented, comparative figures for the previous period has not been presented.The board of directors has recommended a dividend at the rate of Rs 4.50 per share and one time special dividend of Rs 1.50 per share on account of extra ordinary income total amounting to Rs 6 per share for the financial year 2004-05.
