HCL Tech net rises at Rs 193 cr

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HCL Tech net rises at Rs 193 cr

7/18/2009 1:57:00 PM

HCL Technologies reported a standalone net profit of Rs 192.94 crore for the quarter ended June 30, 2009, compared to net loss of Rs 13.54 crore in the corresponding period in previous fiscal.

The total income during the quarter rose to Rs 1,145.54 crore from Rs 1,107.75 crore in the June quarter of the previous fiscal, HCL Tech said in a filing to the Bombay Stock Exchange. For the financial year ended June 30, 2009, HCL Tech posted a consolidated net profit of Rs 1,319.63 crore, a growth rate of 25.51% over the same period a year ago. The software firm’s total income rose to Rs 10,229.41 crore at the end of FY'09 from Rs 7,562.78 crore in FY'08. The board has declared a dividend of 50% at the rate of Rs 1 per share for the fiscal year ended June 2009. “With our robust financial position, we are well positioned for growth through these difficult times,” said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Tech.