Tata Infotech Q4 net up 128%

Tata Infotech has posted a 128% rise in net profit of Rs 28.51 crore for the quarter ended March 31, 2005 as compared to Rs 12.4 crore for the quarter ended March 31, 2004.

Accordig to a release issued to the BSE today, total Income has increased from Rs 166 crore in Q4-04 to Rs 203 crore for the quarter ended March 31, 2005.

The company has posted a net profit of Rs 80.24 crore for the year ended March 31, 2005 as compared to Rs 59.48 crore for the year ended March 31, 2004. Total Income has increased from Rs 597.94 crore in FY-04 to Rs 769.96 crore for the year ended March 31, 2005.

The board of directors of the Company has recommended a final dividend of Rs 8 per share. The dividend is in addition to the interim dividend of Rs 7 per share, already paid, totalling to Rs 15 per share, for the financial year ended March 31, 2005.