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HCL Technologies shares jump on robust Q3 earnings

HCL Technologies shares jump on robust Q3 earnings

Reacting to the earnings announced before the trading hours on Thursday, shares of HCL Tech opened the day on a positive note and as the trade progressed it further rose by 3.23 per cent to Rs 1,455 on the Bombay Stock Exchange.

(Photo: Reuters) (Photo: Reuters)

HCL Technologies' shares gained over 3 per cent after the company posted 59 per cent increase in net profit for the quarter ended March 31, 2014.

Reacting to the earnings announced before the trading hours on Thursday, shares of HCL Tech opened the day on a positive note and as the trade progressed it further rose by 3.23 per cent to Rs 1,455 on the Bombay Stock Exchange.

At the National Stock Exchange, the stock jumped 2.85 per cent to Rs 1,452.80.

The IT services firm posted 59 per cent increase in net profit at Rs 1,624 crore for the quarter ended March 31. HCL Tech had posted a net profit of Rs 1,021 crore in the corresponding quarter of last fiscal (2012-13).

The company follows July-June financial year.

HCL Tech has also announced an interim dividend of Rs 4 per equity share of face value of Rs 2 each.