Hinduja TMT FY05 consolidated net zooms 175%

Hinduja TMT today reported a 175% increase in consolidated net profit at Rs 230.95 crore for the year ended March 31, 2005 as compared to Rs 84.12 crore for the year ended March 31, 2004.

According to a release issued by the company to the BSE today, total income increased to Rs 614.28 crore for the year ended March 31, 2005 from Rs 285.34 crore in FY04.

The company reported a 52% decline in stand-alone net profit at Rs 7.35 crore for the quarter ended March 31, 2005 as against Rs 15.44 crore in Q4FY05. Total income declined to Rs 31.17 crore for the quarter ended March 31, 2005 from Rs 40.79 crore in Q4FY04.

The company reported a 7% decline in profit after tax of Rs 70.05 crore for the year ended March 31, 2005 as compared to Rs 75.53 crore in FY04. Total income increased to Rs 167.26 crore for the year ended March 31, 2005 from Rs 162.49 crore in FY04.

The board has recommended a dividend of 75% i.e Rs 7.50 per share for FY05 amounting to Rs 30.68 crore, the release added.