Hinduja TMT Announces Q1 Results

Hinduja TMT Ltd has announced the following Unaudited Results for the quarter ended June 30, 2007:

The Company has posted a profit after tax of Rs 112.025 million for the quarter ended June 30, 2007 where as the same was at Rs 1670.533 million for the quarter ended June 30, 2006. Total Income is Rs 161.725 million for the quarter ended June 30, 2007 where as the same was at Rs 2850.106 million for the quarter ended June 30, 2006.

The Consolidated Results are as follows:

The Group has posted a profit after minority interest of Rs 140.851 million for the quarter ended June 30, 2007. Total Income is Rs 606.962 million for the quarter ended June 30, 2007.

The above results of the current quarter are not comparable with those of the corresponding previous quarter in view of the demerger of IT / ITES undertaking of the Company w.e.f. October 01, 2006 (appointed date) pursuant to the Scheme of Arrangement and Reconstruction sanctioned by Honourable High Court of Judicature at Bombay and made effective on March 07, 2007. Further, in accordance with the aforesaid Scheme, the issued, subscribed and paid-up Equity Share Capital of the Company was reduced to Rs 205.380 million.