HCL Q1 net profit rises 7%

IT services firm HCL Technologies on Wednesday reported a 7 per cent rise in its June quarter net profit on the back of new order wins.

Its consolidated net profit of Rs 3,534 crore in April-June, or Rs 13.05 a share, was up from Rs 3,324 crore, or Rs 122.13 per share, in the same period a year back, according to a company’s stock exchange filing.

On a quarter-on-quarter basis, the net profit fell 11 per cent, when compared to Rs 3,983 crore earnings in January-March.

The company’s revenue at Rs 26,296 crore was down 1.2 per cent quarter-on-quarter but up 12.1 per cent year-on-year.