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UTV Software Comm Q4 net down 40%

UTV Software Comm Q4 net down 40%
PTI
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First Published: Tue, Apr 28 2009. 02 53 PM IST
Updated: Tue, Apr 28 2009. 02 53 PM IST
Mumbai: Media and Entertainment Group UTV Software Communications on Tuesday said its consolidated net profit for the fourth quarter ended 31 March, 2009, slipped by 40.16% to Rs11.22 crore.
The company had a net profit of Rs18.75 crore in the same quarter ended 31 March, 2008, UTV Software Communications said in a filing to the Bombay Stock Exchange.
Total revenues of the company rose to Rs208.68 crore during the quarter under review as against Rs194.14 crore in the same quarter last fiscal.
For the year ended 31 March, 2009, the company has reported a net profit of Rs85.63 crore against Rs57.65 crore in the same quarter last fiscal, up 48.53%.
In a separate filing on the BSE, the board of directors of the company has approved raising Rs 75 crore through the issue of non-convertible debentures on private placement basis to LIC Mutual Fund Assets Management Company.
Shares of UTV Software Communications were trading at Rs318.40, down 2.99% on the BSE.
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First Published: Tue, Apr 28 2009. 02 53 PM IST