Hinduja TMT Q1 net drops 44%

Hinduja TMT today reported a 44% decline in net profit at Rs 10.54 crore for the first quarter ended June 30, 2005 as against Rs 18.98 crore in Q1FY06.

According to a release issued by the company to the BSE today, total income declined to Rs 41.15 crore in Q1FY06 from Rs 45.34 crore in Q1FY05.

The company opened branches in New Jersey and Canada in the current quarter, the release added.