Hinduja TMT Q3 PAT increases to Rs.185.31 million, looking at acquisitions

Hinduja TMT Ltd has announced the following Unaudited results for the quarter ended December 31, 2006:

The Company has posted a profit after tax of Rs 185.631 million for the quarter ended December 31, 2006 where as the same was at Rs 110.695 million for the quarter ended December 31, 2005. Total Income is Rs 852.386 million for the quarter ended December 31, 2006 where as the same was at Rs 824.200 million for the quarter ended December 31, 2005.

The figures related to the nine months ended December 31, 2006 are strictly not comparable to the corresponding previous period, since the Manila Branch commenced operations w.e.f. October 01, 2005.

Partha Sarkar, CEO of the Company said, "We are entering exciting times, as the BPO space is undergoing a huge transformation. KPO offers Companies like us the opportunity to grow exponentially riding on the back of strong processes and high quality service while consistently delivering Customer Delight. HTMT is on the lookout to acquire capabilities in new areas like F & A, Human Resource Outsourcing, Mortgage, Retail, Travel and Hospitality etc. in the USA- UK market. The Company continues to look out for good opportunities in Companies that have developed niche capabilities in new service lines."

Source : Equity Bulls

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