Hinduja TMT Q2FY07 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.

Hinduja TMT

Hinduja TMT Ltd has announced the following Press Release:

"Hinduja TMT Ltd ('Hinduja TMT' proposed to be renamed as Hinduja Ventures Ltd) at its Board meeting held on October 01, 2007 has approved the participation of the Company for the application of the Telecom Licenses.

Hinduja TMT Ltd has in the past successfully run mobile telephony services in Gujarat Circle through Fascel Ltd (under Cell Force brand name) & subsequent consolidation process with Hutch for a creating a nationwide structure. The Company exited the telecom business in 2006.

The Company will be applying for the licenses through HTMT Telecom, which is subsidiary of Hinduja TMT. Hinduja TMT also announced that it has taken a 90% stake in HTM Telecom Pvt Ltd (HTM Telecom).

Hinduja TMT Ltd subsidiary Indus Media and Communications Ltd (IMCL) is India's largest cable TV MSO with 6 million subscribers. IMCL has presence in 15 cities and offers both Digital and Analog services. IMCL offers both video and data services. Hinduja TMT through its subsidiary proposes to fulfill its triple play offering in the market.

Hinduja TMT

Hinduja TMT Ltd has informed that the Company (proposed to be renamed as Hinduja Ventures Ltd) are surprised to observe certain sections of Media quoting reports that the Company is applying for Unified Telecom Licenses under the current policy announced by the Government. Further, the Company has informed that the same is only under active consideration of the Board and the Board may take a decision soon on the same and the decision will be promptly informed to the Stock Exchanges.

Hinduja TMT

Hinduja TMT Ltd has informed that the Board of Directors of the Company have approved the participation of the Company into Medicare and Medicare related Real Estate business.