HTMT Q2 net up 4%

HTMT Q2 net up 4%

 HTMT

MUMBAI: Hinduja TMT has posted a four per cent rise in net profit to Rs 210.38 million for the second quarter ended 30 September 2004, up from Rs 203.04 million a year ago.

Total income rose 11 per cent to 456.12 million for the second quarter of this fiscal, up from Rs 410.65 million in the corresponding period of the previous year.

Reduction in income from an outsourced call centre for a telecom client and lower other income restricted the company's revenue growth for the quarter.

This, coupled with higher staff expenditure on account of ramp ups in the company's BPO business, resulted a modest growth in net profit, says a company release.

For the half year ended 30 September 2004, the company's total income rose by 20 per cent to Rs. 909.5 million, while the net profit for the period increased by 7 per cent to Rs. 400.2 million, adds the release.