HCL Technologies, on Thursday, posted a 58.4 per cent rise in its profit at Rs.1,496 crore for the quarter ended December 31, 2013, against Rs.944 crore in the corresponding period in the previous year, aided by growth in Europe and contracts won in financial services, infrastructure and manufacturing.
The company follows a July-June financial year.
Consolidated revenue increased by 30.4 per cent to Rs.8,184 crore from Rs.6,278 crore.
In the July-September quarter, the company had reported a profit of Rs.1,416 crore and revenue of Rs.7,961 crore.
“In the calendar year 2013, we crossed the $5-billion mark and three of our businesses grew over the $1.5-billion mark,” HCL Technologies President and CEO Anant Gupta told reporters here. Infrastructure and manufacturing services each crossed the $1.5-billion mark, as did the Europe business, he said.
Shares at new high
HCL shares hit a 52-week high of Rs.1,398.30 on the BSE.
“As a company, HCL has always differentiated itself on two key pillars, corporate excellence and governance and trust through transparency and flexibility. Our sustained efforts in these areas continue to be recognised,” HCL Technologies Chairman Shiv Nadar said.
In dollar terms, the profit rose by 39.1 per cent to $242 million in the quarter from $174 million a year earlier. Revenue climbed by 14.5 per cent to $1.32 billion.
In the July-September quarter, the company reported a profit of $226 million and a revenue of $1.27 billion.
HCL signed 15 deals across services, with infrastructure constituting half.
The financial and manufacturing verticals led wins with 80 per cent of the bookings coming from Fortune 500 or Global 2000 customers, Mr. Gupta said. — PTI