MUMBAI: Hinduja TMT Ltd today announced that it has posted a net profit of Rs 189.83 million for the quarter ended 30 June, 2004 as compared to Rs 172.32 million for the quarter ended 30 June, 2003.

The company's total income has increased from Rs 349.41 million in the JQ-03 to Rs 453.39 million in the quarter ended 30 June, 2004.

The Board has also recommended a final dividend of Rs 2.50 per share for the financial year 2003-04. An interim dividend of Rs 5 per share was paid in March 2004.