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i-flex Solutions Q4 net up 62.7 pc dividend at Rs 5 per share

Written by: Staff
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Mumbai, May 06 (UNI) i-flex Solutions Ltd has posted a net profit of Rs 121.70 crore for the quarter ended March 31, 2006 as compared to Rs 74.80 crore for the quarter ended March 31, 2005, an increase of 62.70 per cent.

Announcing the results, the company said its revenues has increased from Rs 270.90 crore in Q4 FY 04-05 to Rs 372.30 crore for Q4 FY 05-06.

It has posted a net profit of Rs 240.70 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 197.70 crore for the year ended March 31, 2005 (FY 04-05). Revenues has increased from Rs 902.90 crore in FY 04-05 to Rs 1153.80 crore for FY 05-06.

As per Consolidated Results of US GAAP, the Group has posted a net income of Rs 116.90 crore for the quarter ended March 31, 2006 (Q4 FY 05-06) as compared to Rs 81.80 crore for the quarter ended March 31, 2005 (Q4 FY 04-05). Revenues has increased from Rs 348.40 crore in Q4 FY 04-05 to Rs 457.70 crore for Q4 FY 05-06.

The Group has posted a net income of Rs 219.0 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 203.10 crore for the year ended March 31, 2005 (FY 04-05). Revenues has increased from Rs 1140.40 crore in FY 04-05 to Rs 1483.50 crore for FY 05-06.

Consolidated Results as per Indian GAAP, the Group has posted a net income after prior period items of Rs 140.0 crore for the quarter ended March 31, 2006 (Q4 FY 05-06) as compared to Rs 103.82 crore for the quarter ended March 31, 2005 (Q4 FY 04-05). Revenues has increased from Rs 358.60 crore in Q4 FY 04-05 to Rs 470.50 crore for Q4 FY 05-06.

The Group has posted net income after prior period items of Rs 237.60 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 232.40 crore for the year ended March 31, 2005 (FY 04-05). Revenues has increased from Rs 1138.60 crore in FY 04-05 to Rs 1482.30 crore for FY 05-06.

The Board has recommended a dividend of 100 per cent, which works out to Rs 5 per equity share, subject to the approval of the shareholders of the Company at the forthcoming Annual General Meeting of the Company.

Further the Company has informed that the Board has allotted 53,930 ESOP equity shares of face value of Rs 5 each to the applicant employees of the Company.

Speaking on the occasion, Rajesh Hukku, Chairman&Managing Director said, ''Last year has been a momentous one for i-flex as we have seen a significant increase in our traction with top tier customers. The leadership we are gaining in our various lines of business is creating a strong foundation for future growth.'' UNI SN PM AW1611

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