Small BusinessHCL Tech Dec qtr net dips 36% to Rs 255 cr
The country"s third largest software company, HCL Technologies, today reported a 35.92 per cent decline in net profit at Rs 255 crore in the October-December quarter.
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As per the Indian accounting standards, total income declined to Rs 1,259.20 crore in the quarter ended December 31, from Rs 1,430.4 crore in the same period previous fiscal, HCL Tech said in a filing to the Bombay Stock Exchange.
During the quarter under review, the company increased the headcount to 55,688. Net additions of 1,691 persons was in IT Services, it said.
The board of the company has proposed an interim dividend of Rs one per equity share of Rs 2 each of the company.
As per the US accounting standards, HCL Tech"s consolidated net income declined by 16.94 per cent to $63.8 million (Rs 294 crore) in October-December from $76.6 million (Rs 354 crore) in the same period last fiscal.
Revenues of the company increased to $651.7 million for the quarter ended December, compared to $507 million in the same quarter last year.
Shares of HCL Technologies were trading at Rs 363.75 on BSE, down by 5 per cent from its previous close.