Hinduja Venture, a Hinduja Group company, today reported 15 per cent fall in its consolidated net profit during the 2008-09 fiscal at Rs 46.79 crore.
The company had a net profit of Rs 55.13 crore during FY08, Hinduja Venture said in a filing to the Bombay Stock Exchange.
"The drop in consolidated net profit was mainly on account of depreciation on capital investments made in technology upgrades and digitalisation and investment in new geographies by its major subsidiary IndusInd Media & Communications," the company said
However, the company has registered a 31 per cent rise in its consolidated total income during FY09 to Rs 339.82 crore. It had a consolidated total income of Rs 259.99 crore during FY08.
The company has declared a dividend of Rs 10 per cent per share.
Shares of Hinduja Venture surged 8.53 per cent and closed at Rs 143.10 on the BSE.
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