Patni Computers Systems Ltd., a Pune-based IT service-and-business-solution provider, reported more than a three-fold increase on its stand-alone net profit for the fourth-quarter on the Indian GAAP basis...driven mainly by cost-control.
Stand-alone Results
The company's fourth-quarter stand-alone net profit more than trebled from the Rs.68.66 crore in the fourth-quarter of 2008 to Rs.207.20 crore. On a per-share basis, earnings for the quarter rose by 192% to Rs.15.57 from the Rs.5.34 in the year-ago quarter.
Net revenue from sales and service rose by 7% to Rs.462.93 crore from the Rs.433.75 crore in the year-ago quarter, while operating and other income was Rs.19.12 crore, compared with a negative income of Rs.53.64 crore for the same period last year.
For the fiscal year, the company posted a stand-alone net profit of Rs.542.73 crore, up by 39% from the Rs.389.15 crore in 2008. Net revenue from sales and service rose by 13% to Rs.1,734.86 crore from the Rs.1,541.02 crore a year-ago, while the operating and other income was Rs.16.47 crore, compared with the Rs.7.92 crore for the same period last year.
Consolidated Results
For the 12-month period, the consolidated net profit of the company was Rs.586.61 crore, up by 34% from the Rs.438.01 crore for the comparable period last year. Total revenue, including operating and other income, increased by 1% to Rs.3,164.75 crore from the Rs.3,127.55 crore in the corresponding period last year.
Revenue from Finance Services for the year rose by 1% to Rs.404.37 crore from the Rs.401.10 crore in 2008, while Insurance Services revenue rose by 22% to Rs.941.38 crore from the Rs.774.74 crore in the preceding year. Revenue from Manufacturing was Rs.907.07 crore, up by 2% from the Rs.888.67 crore a year-ago.
Revenue from Communications, Media & Entertainment fell by 25% to Rs.421.75 crore from the Rs.559.82 crore of the previous year, and Product Engineering's revenue declined by 4% to Rs.471.58 crore from the Rs.492.94 crore in the preceding year.
The company said its board had recommended a final dividend of 150% or Rs.3.00 on an equity share of Rs.2 each for the fiscal year 2009.
Company CEO Jeya Kumar said: "We are pleased with our execution during 2009 which saw the most uncertainty caused by global recession. As the economies stabilize globally, we are prepared well and poised for growth. We are now looking at 2010 and beyond with renewed optimism as we expand our services and the geographical reach. We remain cautiously optimistic of our growth prospects, and are managing our business with due focus on operating and strategic priorities."
At the BSE, Patni Computer shares are currently trading at Rs.464.80, down by Rs.7.75 or 1.64% on a volume of around 127,000 shares. The scrip touched an intraday high of Rs.483.00 and a low of Rs.464.30.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.