UTV Software Comm’s FY’09 net down 40% at Rs 465 million

MUMBAI: UTV Software Communications reported a drop of 40 per cent in its consolidated net profit for the financial year ended 31 March, 2009, to Rs 465.20 million (Rs 46.52 crore).

The company had a consolidated net profit of Rs 776.90 million (Rs 77.69 crore) during 2007-08 fiscal.

However, the consolidated total revenue of the company rose to Rs 6.77 billion (Rs 676.84 crore) in this fiscal from Rs 4.42 billion (Rs 442.43 crore) of a year earlier.

On a standalone basis, UTV Software Communications posted robust growth in its net profit during FY’09. It registered a nearly six-fold jump in its net profit during 2008-09 fiscal at Rs 258 million (Rs 25.81 crore) from Rs 44.70 million (Rs 4.47 crore) in the previous year.

Standalone total revenue of the firm was down to Rs 2.62 billion (Rs 262.17 crore) during the financial year 2008-09 from Rs 2.86 billion (Rs 286.29 crore) in the last fiscal.

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