HTMT Q1 net profit down to Rs 105 million

MUMBAI: Hinduja TMT has posted a net profit of Rs 105.4 million for the first fiscal quarter ended 30 June 2005, down from RS 189.8 million a year ago.


Total income stood at Rs 411.5 million, compared to Rs 453.4 during this period. The company's Toronto (Canada) and New Jersey (USA) branches started during the quarter, vindicating HTMT's global delivery model.


HTMT is also in the process of opening a branch for its Manila delivered IT/BPO operations. Following this, the financial performance of its Philippines based subsidiaries, Customer Contact Centre Inc, Manila and Source One Communications, would also be combined along with that of other geographies - India, US, Canada and Mauritius.



Media and telecom as a segment contributed a revenue of Rs 12.5 million for the first quarter of this fiscal, down from 15.8 million a year ago. Earnings from IT (information technology) fell to Rs 323.3 million, from Rs 428.2 million during this period. Treasury, however, rose to Rs 75.7 million, as compared to Rs 9.3 million.

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