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 company informed the Bombay Stock Exchange (BSE) that it has posted a net profit of Rs 755.31 million for the year ended 31 March, 2004 as compared to a net profit of Rs 620.30 million for the year ended 31 March, 2003. The total income of the company has increased from Rs 1144.66 million in the year ended 31 March, 2003 to Rs 1624.91 million for the year ended 31 March, 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.