HCL Tech Q2 net up 49% to Rs398 cr

HCL Tech Q2 net up 49% to Rs398 cr
PTI
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First Published: Fri, Jan 23 2009. 05 27 PM IST
Updated: Fri, Jan 23 2009. 05 27 PM IST
Mumbai: Software exporter HCL Technologies has said its net profit for the second quarter ended December 2008, grew 49% at Rs398.01 crore over the same period a year ago.
The company had a net profit of Rs266.95 crore in the Q2 of last fiscal, HCL Technologies said in a filing to the Bombay Stock Exchange (BSE).
Total income of the IT firm rose to Rs1,304.85 crore in the quarter under review from Rs1,129.20 crore a year ago.
Besides, the board has declared an interim dividend of 100% at the rate of Rs2 per share.
“The last quarter has been significant for us. First HCL has inked contracts worth $1 billion in the last quarter, the biggest in its history. We have successfully integrated Axon as part of HCL to dominate the SAP globally,” HCL Technologies CEO Vineet Nayar said.
For the six-month period ended 31 December, 2008, HCL Technologies registered a net profit of Rs651.80 crore, a 22.72% growth over the same year-ago period.
It had a net profit of Rs531.11 crore in the six-month period ended 31 December, 2007.
Total income in the first half of the current financial year rose to Rs2,480.65 crore from Rs2,232.06 crore in the same period of the previous fiscal.
HCL Technologies settled the day at Rs107, down 4.85% on the BSE.
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First Published: Fri, Jan 23 2009. 05 27 PM IST