Hexaware Technologies Q2 net profit down at Rs.18.91 Crores, declares 40% interim dividend

Hexaware Technologies Ltd has announced the unaudited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs 189.17 million for the quarter ended June 30, 2007 as compared to Rs 208.07 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1040.98 million for the quarter ended June 30, 2006 to Rs 1181.97 million for the quarter ended June 30, 2007.

The Consolidated results are as follows: The Group has posted a profit after tax from operations of Rs 261.21 million for the quarter ended June 30, 2007 as compared to Rs 297.71 million for the quarter ended June 30, 2006. Total Income has increased from Rs 2128.93 million for the quarter ended June 30, 2006 to Rs 2667.52 million for the quarter ended June 30, 2007.

The Board of Directors of the Company at its meeting held on July 18, 2007, inter alia, has declared the interim dividend @ 40% on equity shares and @ 2.95% for 181 days on 10,55,570 Series 'A' Redeemable and / or Optionally Convertible Preference shares of the Company respectively.

Further the Company has informed that, August 03, 2007 has been fixed as the Record Date for the purpose of payment of interim dividend.

The stock was trading at Rs.158.90, down by Rs.3.90 or 2.40%. The stock hit an intraday high of Rs.165 and low of Rs.158.10. The total traded quantity was 57762 compared to 2 week average of 38097.

Source : Equity Bulls

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