Sequentially (quarter ended December 31, 2007), the company had reported a net loss of Rs 81 crore.
The company reported a mark-to-market (MTM) loss of Rs 5.6 crore in view of the changed accounting policy adopted for the quarter. Operating margins, excluding MTM loss, were 9.6 per cent (4.6 per cent).
The company currently has forward cover of $196 million at an average rate of Rs 40.38 per dollar spread over the next ten quarters.
"While the US slowdown had some impact on the order book, the current pipeline continues to grow and we are actively chasing 4 deals in the $25-100 million range each. Our investments in a larger sales team with better focused go-to-market strategies have started paying dividends," said Rusi Brij, vice- chairman and CEO, Hexaware Technologies.
The company has provided a guidance that the second quarter revenue was likely to be in the $71-72.5 million range, a growth of approximately 6-8 per cent over the fist quarter.
Hexaware added 11 clients during the quarter. The number of clients registering over $1 million in revenues recorded an increase from 54 in last quarter to 56 now, with 43 clients in the $1-5 million category.
The number of clients in the $5-10 million range has increased from 7 in the last quarter to 9 in this quarter, with another 4 clients billed over $10 million each on a trailing 12 months basis. CESC net jumps 41% in Q4 Utility firm Calcutta Electric Supply Corporation (CESC), the flagship company of the Kolkata-based RPG Enterprises, has posted a 41 per cent rise in net profit at Rs 86 crore for the fourth quarter ended March 31, 2008, as against Rs 61 crore achieved in the corresponding previous period.
Total income for the quarter increased from Rs 574 crore to Rs 680 crore, posting a growth of 18.46 per cent.
Rise in power generation by 9 per cent over the previous quarter coupled with reduction in interest rates and lower transmission and distribution (T&D) losses helped the company.
Net profit for the year ended March 31, 2008, stood at Rs 354 crore, a 17.6 per cent rise over Rs 301 crore posted in 2006-07.
Total income for the year went up from Rs 2,577 crore to Rs 2,898 crore, up 12.45 per cent. Welspun Gujarat Q4 net up at Rs 102 cr Welspun Gujarat Stahl Rohren has posted a profit of 102.2 crore for quarter ended March 31, 2008, up over 150 per cent, compared with Rs 41.5 crore for the corresponding previous quarter.
Income for the quarter went up to Rs 1,238.3 crore from Rs 744.7 crore and the company has declared a dividend of 30 per cent.
