MUMBAI: UTV Software Communications reported a 28.7% rise in consolidated net profit for the third quarter ended December 31, 2009, at Rs 37.8 crore when compared with the Rs 29.4 crore in the third quarter ended December 31, 2008.

Net sales for the third quarter ended December 31, 2009, is up 60.3% at Rs 216.17 crore from Rs 134.88 crore in the corresponding quarter of the previous year.

Q3FY10- Result Review -YoY

Operating profit of Rs 33.17 cr vs operating loss of Rs 14.83 cr
Operating margins up 2634 bps at 15.34 % vs -10.99%

Factors at Play

Direct costs up 18.6% to Rs 133.92 cr vs Rs 112.92 cr
Direct costs as a percentage of sales down 2177 bps at 61.95% vs 83.72%
Employee costs up 3% at Rs 16.73 cr vs Rs 16.25 cr
Employee costs as a percentage of sales down 431 bps at 7.74% vs 12.05%
Interest expense of Rs 10.37 cr vs interest income of Rs 19.58 cr
Other operating income down 82% to Rs 4.55 cr vs Rs 25.31 cr