Helios net up 58% at Rs 395.58 cr

NEW DELHI: IT solutions provider Helios & Matheson on Monday declared its annual results for the year ended March 31, 2007. Income for the year was Rs 395.58 crore, as compared to Rs 221.34 crore for FY06, a YoY increase of 78.7%. Net profit after tax was Rs 59.91 crore reflecting a 58% growth compared to FY06.

Operating profit for FY07 was Rs 85.13 crore, a jump of 50% in comparison to the previous year. Cash and cash equivalents as on March 31, 2007 stands at Rs 109.06 crore. Earnings per share increased from Rs 19.06 in FY06 to Rs 29.94 in FY07, testimony to the company's relentless focus on the bottomline.

The Board of Helios & Matheson on Monday approved a 20% interim dividend in the nature of special dividend to celebrate the company's fifteenth anniversary.

Income was Rs 109.42 crore for the fourth quarter, an increase of 75.7% over the corresponding quarter in the previous year. Net profit increased to Rs 16.98 crore vis-à-vis Rs 11.29 crore for Q4 FY06, an increase of 50%.

Earnings per share (annualized) for the quarter ended March 31, 2007 was Rs 33.94 Operating profit was Rs 24.14 crore reflecting an increase of 48% YoY.

GK Muralikrishna, Managing Director said, "Our efforts in developing the client base and expanding strategic accounts have fueled our robust organic model. We are confident of delivering growth and profitability in the coming quarters."