Helios & Matheson Income up 19%

Company News

New Delhi, July 31

Financial highlights for the quarter ended June 30, 2007

Income was up at Rs. 1060.8 mn for the first quarter ended June 30, 2007 reflecting a YoY increase of 19%

Operating profit was Rs. 210.5 mn, a 13% jump from the corresponding quarter of the previous year.

Net profit increased to Rs. 140.5 mn from Rs.131.1 mn; growth of 8%

Earnings per share (annualized) for the quarter ended June 30, 2007 was Rs. 28.10

Cash and cash equivalents as on June 30, 2007 was Rs. 853.8 mn

G.K. Muralikrishna, Managing Director said, “The highest ever rupee appreciation in a single quarter has been a challenging factor during this period. This ongoing volatility in the currency markets had placed a premium on delivering faster efficiency gains and tighter execution.” He also added, “With repeat and increased business from our existing clients in the healthcare and other verticals we will be able to rise to this challenge”.

Business highlights

19.29 % y-o-y growth in Revenues to Rs. 1060.8 Mn

Net addition of 74 employees during the quarter leading to employee base of 1698 at the end of the quarter.

3 new customers added during the quarter.

For further details, please contact:

Shilpi Bawa / Nupur Chandra,

Good Relations India Pvt. Ltd.

Ph: 011 41645480

Email: shilpi@gri.co.in / nupur@gri.co.in

Mobile: 9810937844/9911088532