HCL Technologies has posted a net profit of Rs. 300.75 crore in the first quarter ended September 30, 2009, a rise of 18.5 per cent as compared to Rs. 253.79 crore in the year-ago period. Total income has increased to Rs. 1,295.19 crore from Rs. 1,225.66 crore. The company has announced an interim dividend of Re. 1 per equity share of Rs. 2 face value.
The consolidated revenue has risen by 29 per cent to Rs. 3,031.40 crore in the first quarter ended September 30, 2009 from Rs. 2,351.70 crore in the year-ago period. Forex loss (net) for the quarter was higher at Rs. 151 crore as compared to Rs. 80 crore in the year-ago period. The net income after taxation and other provisions has declined by 10.1 per cent to Rs. 320.10 crore from Rs. 355.90 crore.
“Though there are signs of an early recovery in sectors like financial services, we continue to be cautious. We continue to see sustained recovery only by next year”, said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.