UTV Software Communications Q1 PAT at Rs 40 cr

UTV Software Communications reported profit after tax at Rs 40.2 crore for the first quarter ended June 30, 2010, compared to a loss of Rs 31.8 crore in the corresponding quarter last financial year.

Revenue for the quarter at Rs 208.2 crore was up 132 per cent from Rs 89.8 crore in the same quarter last year.

The movies segment, comprising of film production, distribution- domestic and international- and home entertainment reported a revenue of Rs 110.8 crore, up from Rs 26.5 crore in the same quarter last year. This segment contributed 56 per cent to the overall revenue.

After reporting PAT for Q1, the stock gained Rs 11.45, or 2.70 per cent while the Sensex was down 47.97. During market hours, the share was trading at Rs 436.