Tulip Telecom announced its financial results for the quarter ended March 31, 2009 reporting a 60 % growth in net profit at Rs 106.68 crore on a y-o-y basis.

Revenues climbed to Rs 467.73 crore as compared to Rs 414.68 crore registered last year during the corresponding quarter.

For last fiscal, the company managed a net profit of Rs 250.52 crore at 33.86 % growth.

The company’s board has declared a dividend of Rs .4.