HTMT Global Q3FY08 Results

HTMT Global Solutions Ltd has announced the following Audited Results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 170.783 million for the quarter ended December 31, 2007 where as the same was at Rs 98.621 million for the quarter ended December 31, 2006. Total Income is Rs 961.173 million for the quarter ended December 31, 2007 where as the same was at Rs 753.218 million for the quarter ended December 31, 2006.

The figures for the quarter ended December 31, 2006 are Unaudited.

The Unaudited Consolidated Results are as follows:

The Group has posted a profit after minority interest of Rs 233.386 million for the quarter ended December 31, 2007. Total Income is Rs 1711.276 million for the quarter ended December 31, 2007.

The IT/ITES business of Hinduja TMT Ltd (now Hinduja Ventures Ltd) was demerged and transferred to the Company w.e.f. October 01, 2006 (being Appointed Date) pursuant to the Scheme of Arrangement and Reconstruction for demerger and reduction of capital ("the Scheme") as sanctioned by the Hon'ble High Court of Judicature at Bombay on February 23, 2007 and made effective on March 07, 2007. Accordingly figures of IT/ITES business are included in the figures for the quarter and nine months ended December 31, 2006 from the appointed date.

In view of Scheme, the figures of the nine months ended December 31, 2007, are not comparable with the corresponding previous period figures.