Hinduja TMT Announces Q2 Results

Hinduja TMT Ltd has announced the following Unaudited Results for the quarter ended September 30, 2007:The Company has posted a net profit after tax of Rs 120.202 million for the quarter ended September 30, 2007 where as the same was at Rs 5081.989 million for the quarter ended September 30, 2006. Total Income is Rs 188.511 million for the quarter ended September 30, 2007 where as the same was at Rs 7758.096 million for the quarter ended September 30, 2006.The Consolidated Results are as follows:The Group has posted a profit after minority interest of Rs 154.657 million for the quarter ended September 30, 2007. Total Income is Rs 642.869 million for the quarter ended September 30, 2007.The above results of the quarter ended September 30, 2007 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.