Megasoft announced that the consolidated net for the fourth quarter ended December 31, 2008 dipped to Rs.3.20 crore from Rs.18.18 crore in the corresponding quarter of last year. Total income grew to Rs.98.92 crore from Rs.91.49 crore in the year ago quarter.

On a standalone basis, the company's net loss widened to Rs.12.81 crore in the fourth quarter ended December 31, 2008 from Rs.2.44 crore in the same quarter previous year. Total income increased to Rs.53.82 crore from Rs.39.67 crore in the year ago quarter.

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