Patni Q4 net down at Rs 66.09 cr | india | Hindustan Times
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Patni Q4 net down at Rs 66.09 cr

Patni Computer has posted a lower net profit at Rs 66.09 cr for the fourth quarter ended December 31, 2005.

india Updated: Feb 01, 2006 17:56 IST

Patni Computer Systems has posted a lower net profit at Rs 66.09 crore for the fourth quarter ended December 31, 2005 as compared to Rs 67.99 crore in the corresponding quarter previous fiscal.

Revenues for the company during the reporting quarter, however, increased 33.6 per cent to Rs 556.93 crore compared to Rs 401.24 crore in Q4 of FY-04, the company said in a release.

The company has posted a 11.3 per cent increase in net profit for the year ended December 31, 2005 at Rs 273.59 crore as compared to Rs 236.61 crore in the corresponding fiscal.

Revenues for the company during the reporting fiscal increased 37.9 per cent to Rs 2024.24 crore compared to Rs 1413.11 crore in FY-04, it said.

Revenue contribution for the company from General Electricals reduced to 22.1 per cent in the fiscal from 31.7 per cent in CY-04, it said, adding revenues from clients other than GE were higher by 57.3 per cent in Calander Year (CY)-05.

Revenues from the United States and that from non-US regions during the year ended December 31, 2005 grew 33.2 per cent and 71.2 per cent respectively, it said, adding offshore effort contribution was higher at 64.6 per cent in CY 2005 from 63.4 per cent in CY 2004.

The board has also recommended a final dividend of 125 per cent for the year ended December 31, 2005, it added.