IT and BPO firm Hexaware Technologies today said its consolidated net profit for the financial year ended December 31, 2008, grew eight-fold to Rs 58.98 crore over the corresponding period a year ago.
The company had a consolidated net profit of Rs 7.22 crore in the financial year 2007-08, Hexaware Technologies said in a filing to the Bombay Stock Exchange.
Consolidated income rose to Rs 1,151.91 crore in the latest fiscal from Rs 1,030.80 crore a year ago.
However, for the fourth quarter ended December 31, 2008, the IT firm posted a net profit of Rs 17.10 crore, while it had a net loss of Rs 81 crore in the corresponding period last year.
"I am confident that we would be in a position to get back on the healthy growth path once the global conditions improve," Hexaware Technologies Executive Chairman Atul Nishar said.
Meanwhile, the company today announced a final dividend of 25 per cent or Rs 0.50 per share for FY'08.
Shares of Hexaware Tech today closed at Rs 29.20, down 4.58 per cent on the BSE.
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