Tech Mahindra Q4 net profit rises three-fold to Rs302 crore

For the full year, Tech Mahindra's net profit grew 70% to Rs1,095.4 crore

New Delhi: IT company Tech Mahindra on Wednesday said its net profit has increased more than three-fold to Rs302.5 crore for the quarter ended March 2012, reports PTI.

This is against Rs92.1 crore in the same period last year, Tech Mahindra said in a statement.

Revenues during the reported quarter increased 12.5% to Rs1,419 crore from Rs1,261.5 crore in the year-ago period.

For the year ended March 2012, the company's net profit grew 70% to Rs1,095.4 crore from Rs644.1 crore.

Revenues in FY12 stood at Rs5,489.7 crore, up 6.7% from Rs5,140.2 crore in 2010-11. The cash and cash equivalent stood at Rs 402 crores as on balance sheet of March 2012.

Total headcount stood at 40,763 as of March 2012, with software professional headcount at 24,833. Number of BPO professionals stood at 14,792, while support staff was 1,138 at the end of March 2012.

The Board of Directors have recommended a dividend of Rs4 per share.

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Somany Ceramics Q4 net profit up 6% at Rs8.4 crore

Total income of the tile maker stood at Rs276.25 crore for the fourth quarter ended March 2012 as against Rs238.88 crore for the same period year ago

New Delhi: Tile maker Somany Ceramics reported 6.4% increase in its net profit at Rs8.46 crore for the quarter ended March 2012, mainly on account of robust sales of digital and glazed vitrified tiles, reports PTI.

The company had posted a net profit of Rs7.95 crore for the quarter ended March 2011 Somany Ceramics said in a statement.

Total income of the company stood at Rs276.25 crore for the fourth quarter ended March 2012 as against Rs238.88 crore for the same period year ago.

The company's board of directors have also recommended a dividend of Rs0.8 per share for the full year.

Net profit of the company for the year ended March 2012 stood at Rs24.75 crore as against Rs23.43 crore for the corresponding period previous fiscal.

Commenting on the results, Somany Ceramics JMD Abhishek Somany said, "Higher share of revenue from value added products including digital tiles and glazed vitrified tiles helped company reduce the adverse impact of increase in the cost of energy, raw materials, borrowings and rupee depreciation."

The company had total income of Rs873.23 crore for the year ended March 2012. It was Rs714.33 crore for the year ago period.

Shares of Somany Ceramics were trading at Rs 42.05 on BSE, down 5.82% from its previous

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