Infotech Enterprises Ltd. has informed that the board of directors of the company at its meeting held on April 25, 2013 have recommended a final dividend of 50% at INR 2.50 per share on face value of INR 5 each aggregating INR 326.4 million including dividend distribution tax.

Infotech Enterprises Limited reported audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, on consolidated basis, the company reported net sales\ income from operations of INR 4,644.4 million compared to INR 4,171.8 million a year ago. Profit from operations before other income, finance costs & exceptional item was INR 598.0 million compared to INR 705.8 million a year ago. Profit from ordinary activities before tax was INR 692.2 million compared to INR 1,043.4 million a year ago. Net Profit from ordinary activities after taxes, minority interest and snare of profit of associates was INR 542.1 million or INR 4.85 per diluted share compared to INR 698.3 million or INR 6.27 per diluted share a year ago. For the full year, on consolidated basis, the company reported net sales\ income from operations of INR 18,730.6 million compared to INR 15,529.7 million a year ago. Profit from operations before other income, finance costs & exceptional item was INR 2,788.1 million compared to INR 2,197.0 million a year ago. Profit from ordinary activities before tax was INR 3,148.2 million compared to INR 2,349.1 million a year ago. Net Profit from ordinary activities after taxes, minority interest and snare of profit of associates was INR 2,310.6 million or INR 20.68 per diluted share compared to INR 1,613.9 million or INR 14.49 per diluted share a year ago. For the quarter, on standalone basis, the company reported net sales\ income from operations of INR 2,632.3 million compared to INR 2,311.6 million a year ago. Profit from operations before other income, finance costs & exceptional item was INR 483.3 million compared to INR 499.7 million a year ago. Profit from ordinary activities before tax was INR 580.4 million compared to INR 1,252.9 million a year ago. Net Profit from ordinary activities after tax was INR 431.6 million or INR 3.86 per diluted share compared to INR 926.1 million or INR 8.31 per diluted share a year ago. For the full year, on standalone basis, the company reported net sales\ income from operations of INR 10,515.6 million compared to INR 8,637.6 million a year ago. Profit from operations before other income, finance costs & exceptional item was INR 2,260.0 million compared to INR 1,698.2 million a year ago. Profit from ordinary activities before tax was INR 2,614.1 million compared to INR 2,228.4 million a year ago. Net Profit from ordinary activities after tax was INR 1,843.5 million or INR 16.50 per diluted share compared to INR 1,586.0 million or INR 14.24 per diluted share a year ago.

Infotech Enterprises Limited announced the appointment of Manjunath Hebbar as Head of Strategic Initiatives.