Hinduja TMT Q2 net surges 4%

BS 200 SCORECARD

Hinduja TMT has posted a net profit of Rs 21.04 crore for the quarter ended September 30, 2004, up by 4 per cent from Rs 20.3 crore in the corresponding quarter of the previous fiscal. Total income for the quarter is up by 11 per cent to Rs 45.61 crore from Rs 41.07 a year ago.

Reduction in income from an outsourced call centre for a telecom client and lower other income restricted the revenue growth for the quarter, the company said in a media statement. It attributed the modest growth in its net profit to higher staff expenditure on account of ramp up in the company's BPO business.

For the half year ended September 30, 2004, the company posted a net profit of Rs 40.02 crore, from Rs 37.53 crore in the corresponding period last year. Total income for the period has grown by 20 per cent to Rs 90.95 crore from Rs 76 crore a year ago.