HCL Q3 net up 10.26% to Rs 263.08 cr

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New Delhi, Apr 15 (UNI) HCL Technologies Ltd today said its net profit for the third quarter ended March 31, 2008 increased 10.26 per cent to Rs 263.08 crore compared to Rs 238.59 crore in the same quarter last year.

Its Total Income has increased 28.18 per cent to Rs 1,311.83 crore for the quarter ended March 31, 2008 from Rs 1,023.37 crore in the same quarter last year.

The Consolidated Results of the group (as per US GAAP) posted a net income of 85.4 million dollars for the quarter ended March 31, 2008 as compared to 76.2 million dollars in the same quarter last year.

''It has been a very satisfying quarter with consolidation of the BPO Division. We managed to sustain our profitability in spite of the various pressures on margins. Attrition was one of the lowest during this quarter, and there was a net head count addition of 1,374 employees during this quarter,'' CEO HCL Technologies, Vineet Nayar told reporters here.

Its total revenues has increased to 484.9 million dollars for the quarter ended March 31, 2008 from 362.4 million dollars in the corresponding quarter last year.

''The company has won large transformational deals with this quarter closing deals worth 500 million dollars . HCL's Global Services partnership with SAP and strategic acquisition of Capital Stream are some specific steps we have taken towards enhancing value and accelerating growth for our customers,'' CEO, HCL Technologies, Vineet Nayar.

The EBITDA margin is at 22.3 per cent compared to 21.4 (QoQ) and EPS is at Rs 19.8 for the third quarter.

UNI PDT AK AS1954

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