Hinduja Global Solutions, part of the diversified business conglomerate Hinduja Group, on Thursday reported net profit at Rs 30.85 crore up by 18.79 per cent for the fourth quarter ending March 31, 2011, compared to Rs 25.97 crore in the year ago period.
For the year ending March 31, 2011, the net profit dipped by 17.05 per cent to Rs 107.32 crore from Rs 130.10 crore reported in the same period of previous year, a statement said.
The net sales for the fourth quarter ending March 31,2011 grew to Rs 262.74 crore as against Rs 200.69 crore.
For the year ending March 31, 2011 the net sales of the company rose to Rs 963.11 crore as against Rs 768.11 crore during the same period of previous year. The board has recommended a dividend of Rs 20 per share, it said.
Hinduja Global Solutions CEO Mr Partha De Sarkar said, “Financial year 2011 has been a milestone year for us in many ways. We have crossed Rs 1,000 crore in annual revenues for the first time… As we enter into a new financial year, we anticipate continued growth in our business as our newly set up centres increase capacity utilisation.” Hinduja Global Solutions currently has 30 delivery centres in the United States, Canada, United Kingdom, Mauritius, Philippines and in India. It has over 19,000 employees, the statement added.