HCL Infosystems Ltd., which is one of the leading IT firms in India, posted a fall of 11.2% in its consolidated net profit for the quarter ended March 31, 2011 at Rs. 53.28 crore as compared to the net profit of Rs. 60 crore reported during the corresponding period of last year.
The company even saw a decline in its net sales, which stood at Rs. 2,730 crore during January- March quarter. However, company"s net sales for the January- March quarter during 2010 stood at Rs. 2,814.50 crore. HCL Infosystems Ltd., a listed subsidiary of HCL, is an India-based hardware and systems integrator, with its presence in 170 locations and 300 service centers throughout India.