Information technology company Moser Baer on Friday reported a 36.73 per cent rise in its net profit to Rs 324.43 crore (Rs 3,244.3 million) for the year ended March 2004 over the previous fiscal.
The company's total income increased by 46.07 per cent during the year, touching Rs 1585.69 crore (Rs 15.86 billion) on a year-on-year basis.
However, during the fourth quarter ended March 2004, its net profit declined by 13.57 per cent to Rs 73.44 crore (Rs 734.4 million).
The total income during the quarter increased to Rs 369.97 crore (Rs 3,699.7 million) from Rs 356.25 crore (Rs 3,562.5 million) in the same period last fiscal, Ratul Puri, executive director, Moser Baer India, said in a statement.
The company also announced it will no longer provide the annual earnings guidance and instead will provide a medium term -- three year -- revenue growth guidance.
Over the next three years, Moser Baer expects to grow its revenue at an annual compounded growth rate of 25-35 per cent on the back of expected growth in the sales of DVD segment.
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