HCL Infosystems Q4 net loss narrows to ₹43.9 crore

New Delhi: IT company HCL Infosystems on Thursday reported narrowing of consolidated net loss to ₹43.90 crore for the quarter ended March 2019.

The company’s net loss stood at ₹241.02 crore in the same period a year ago, HCL Infosystems said in a BSE filing.

Consolidated revenue from operations stood at ₹1,010.5 crore during the quarter under review as against ₹1,058.21 crore in the corresponding quarter of 2017-18, it added.

For 2018-19, the company’s net loss was at 135.20 crore, while income from operations was at ₹4,340 crore.

“In FY’19, we further consolidated our business and focused on our distribution and overseas services. We have achieved some success in this strategy with growth of our enterprise distribution, consumer distribution and overseas services businesses,” HCL Infosystems Managing Director Rangarajan Raghavan said.