HCL Tech Q3 net profit up 28.7 per cent at Rs 602.5 cr, beats expectations

Beating expectations, India's fourth-largest software services exporter, HCL Technologies on Wednesday posted a 28.7 per cent increase in net profit at Rs 602.5 crore for the quarter ended March 31, 2012.

The company said customers boosted orders to cut operational costs amid the global economic uncertainty to post an impressive Q3 earnings.



The company had posted a net profit of Rs 468.2 crore in the January-March quarter of the last fiscal (2010-11), HCL Technologies said in a statement.

The company's revenues for the reported quarter were up 26 per cent at Rs 5,215.6 crore from Rs 4,138.2 crore in Q3 of FY11.

"A key strategic shift in the global IT industry has been the levelling of the playing field between the Indian origin service providers and the global MNCs. It is encouraging to note that HCL has continued its growth trajectory even in this environment," HCL Technologies Chairman and Chief Strategy Officer Shiv Nadar said.

The company has announced an interim dividend of Rs 2 per equity share of the face value of Rs 2 each.

During the quarter, HCL Technologies added 1,394 people (gross), taking the total headcount to 82,464 on March 31, 2012.

With agency inputs