Great Offshore & Syntel Q4 results

CORPORATE SCORECARD

Great Offshore announced a standalone net profit of Rs 42.39 crore for the fourth quarter ended March 31, a 41.63 per cent growth over the same period a year ago.

The company had reported a standalone net profit of Rs 29.93 crore in the fourth quarter of the last financial year, Great Offshore said in a filing to the National Stock Exchange.

 

The standalone net sales rose to Rs 184.98 crore in the latest quarter from Rs 149.29 crore in the year-ago period.

The board of directors recommended a final dividend of Rs 8 a share on face value of Rs 10 each for the year ended March 31, 2008.

The standalone net profit grew to Rs 203.21 crore for the year ended March 31 from Rs 141.42 crore in the last financial year. The standalone net sales rose to Rs 676.31 crore from Rs 536.84 crore.

The consolidated net profit jumped to Rs 201.63 crore from Rs 145.18 crore and consolidated net sales rose to Rs 745.90 crore from Rs 581.15 crore during the same period.

Syntel revenues rise 31%

Syntel, a leading global provider of custom outsourcing solutions, saw a 31 per cent growth in revenues for the quarter ended March 2008 at Rs 394 crore as against the corresponding period last year.

The company has commenced the construction of its 29-acre SEZ facility at Siruseri, Chennai.

In phase I, it will construct 6.5 lac sq ft of space consisting of three software development blocks each having a capacity of 1,700 seats, a food court with a seating capacity of 1,000, a 1,200-seat training block, a welcome block, a recreation block and a utility block.

Phase I is scheduled for completion by October this year, it said.

The construction of its 40-acre SEZ facility at Talawade, Pune is also in progress. In phase I, the company will construct two software development blocks each having a capacity of 1,300 seats.