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Net 4 India reports stellar Q4 numbers

23 May 2011 Evaluate

Net 4 India has reported results for the quarter and the year ended March 31, 2011.

The company’s net profit for the fourth quarter zoomed by 183.04% at Rs 4.84 crore as compared to Rs 1.71 crore for the quarter ended March 31, 2010. Its income from operation has soared by 89.29% at Rs 59.555 crore for the quarter under review from Rs 31.46 crore in the corresponding previous quarter.

The company has registered a growth of 114.10% in its net profit for the year ended March 31, 2011 at Rs 14.88 crore as compared to Rs 6.95 crore for the year ended March 31, 2010. Its income from operation has increased by 81.47% at Rs 196.68 crore for the year from Rs 108.38 crore in previous year.

On consolidated basis, the group’s net profit for the year has rose 83.74% at Rs 21.13 crore as compared to Rs 11.50 crore for the year ended March 31, 2010. The income from operation for the year has increased by 55.57% at 303.57 crore as compared to Rs 195.14 crore for the previous year.

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