Patni Computer Q3 net up 81% at Rs180 cr

Patni Computer Q3 net up 81% at Rs180 cr


Mumbai: IT services provider Patni Computer Systems today said its consolidated net profit for the third quarter ended 30 September, stood at Rs180.23 crore, a 81.39% growth over the corresponding period a year-ago.

The firm had a net profit of Rs99.36 crore in the third quarter of FY’08, Patni Computer said in a filing to the Bombay Stock Exchange.

The consolidated total income rose to Rs852.80 crore in the quarter under review, from Rs709.05 crore in the same quarter last fiscal.

On a standalone basis, the company reported a profit after tax of Rs152.90 crore for the quarter ended September, a 80.03% growth over the same period year ago. The company had a PAT of Rs84.93 crore in the September quarter of financial year FY’08.

The company’s standalone income rose to Rs444.94 crore in the September quarter, from Rs341.80 in the same period previous year.

The IT firm outlook for the Q4 are expected to be at $176-177 million and net income (excluding foreign exchange gain or loss) is expected to be in the range of $22-22.5 million.

Shares of the company were quoting at Rs151.50, down 4.08% in the morning trade on the BSE.