Hexaware Technologies announces Q2 results

Hexaware Technologies Ltd has announced the following Unaudited Results for the quarter ended June 30, 2006:

The Company has posted a profit after tax of Rs 208.072 million for the quarter ended June 30, 2006 (Q2 FY 06-07) where as the same was at Rs 151.443 million for the quarter ended June 30, 2005 (Q2 FY 05-06). Total Income is Rs 1040.983 million for Q2 FY 06-07 where as the same was at Rs 855.352 million in Q2 FY 05-06.

The Consolidated Results are as follows:

The Group has posted a profit after tax from operations of Rs 297.713 million for the quarter ended June 30, 2006 (Q2 FY 06-07) where as the same was at Rs 194.551 million for the quarter ended June 30, 2005 (Q2 FY 05-06). Total Income is Rs 2128.933 million for Q2 FY 06-07 where as the same was at Rs 1670.115 million in Q2 FY 05-06.

The figures for the quarter and half year ended June 30, 2006 included figures pertaining to the operations of the India Service centre at Bangalore, which was transferred to a party on November 02, 2005, in accordance with the terms of the BOT agreement. Accordingly, the figures appearing in the columns "Three months and Six months ended June 30, 2006 are not strictly comparable with the figures appearing on the Columns "Three months and Six months ended June 30, 2005".

Further the Company has informed that, the Board has declared an interim dividend on Preference Shares @ 2.95% per annum and 40% (Re 0.80 per share) interim dividend on equity shares of Rs 2/- for the six months ended June 30, 2006.

Source : Equity Bulls

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