HCL Tech Q1 net profit jumps 18pc

Mumbai, Oct 28: Declaring better than expected first quarter (Q1) results, HCL Technology posted net profit for the quarter ended Sep 30 went up 18.5 per cent to Rs 300.75 crore from the like quarter in the previous fiscal.

The software services major which continues to reel under the global economic slump, first quarter consolidated net profit fell about 10 per cent from a year ago period and went down 3.03 per cent at Rs 320 crore as against Rs 330 crore, on quarter-on-quarter basis.

In a a regulatory statement, the comapny said that the total income went up by 5.67 per cent to Rs 1,295 crore for the first quarter of its accounting calendar, up from Rs 1,225 crore recorded in the previous corresponding quarter.

While the earnings per share stood at Rs 4.49 per equity share, up from Rs 3.8 per share in the corresponding quarter from the year ago perios, the board of directors of the company declared an interim dividend of Rs 1 per equity share.

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