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HCL Tech Net Profit At Rs 1726 Crores


HCL Tech, which had earlier sounded a warning on muted revenue, reported a net profit of Rs 1726 crores, which was marginally lower than street estimates.


HCL Tech Net Profit At Rs 1726 Crores
The dollar revenue at 1545 million for the quarter ending Sept 30 was also slightly below estimates. The rupee revenue of the company for the quarter ending Sept 30, 2015 was placed at Rs 10,097 crores.

The company said that it has added one client in $50 million + category, while 3 clients have been aded in the $30 million plus category.

"We have started FY16 on a strong footing with LTM revenue growth of 15% yoy in constant currency," said Anant Gupta, President & CEO, HCL Technologies.

"Continued focus on investments has allowed us to be differentiated and maintain the deal win momentum. The overall metrics continue to look healthy with ROE at 31% and net income to cash conversion at 87%, on LTM basis," said Anil Chanana, CFO, HCL Technologies.

The shares of HCL Tech is expected to open flattish in trade.

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