HCL Tech Q3 net up 3.6% at Rs. 1,683 crore

The total revenue of India’s fourth largest IT exporter for the period stood at Rs. 9, 267 crore reporting a growth of 11%.

IT services company HCL Technologies on Tuesday said its net profit for the third quarter ended March 31, 2015 stood at Rs. 1,683 crores registering a growth of 3.6 per cent when compared to the same period last year. The total revenue of India’s fourth largest IT exporter for the period stood at Rs. 9, 267 crore reporting a growth of 11 per cent as against the same period last year.

However, on a quarterly basis the net profit of the Delhi-based company declined 12.2 per cent, while revenue was flat. The company attributed the decline in net profit to adverse cross currency.

On a constant currency basis the growth was 2.7 per cent, QoQ and 15.4 per cent YoY respectively.

In dollar terms the net profit was $270 million down 12.1 per cent YoY, while revenue was flat at $1,491 million.

Commenting on the results, Anant Gupta, president and ceo, HCL Technologies, said: “HCL continues to deliver broad-based growth across geographies, verticals and horizontals. This quarter saw our revenue increase by 14.4% LTM YoY in constant currency and we gained significant market share fuelled by transformational deal bookings in excess of $1 billion. These engagements were primarily driven from industries like Consumer Services, Manufacturing and Public Services and the European region”.

During the quarter the company made a net addition of 3,944 people and the total headcount at the end of the quarter stood at 104,184 people, the company said in a filing to BSE.

The company which follows July-June fiscal year also announced dividend of Rs. 4 per share.

In the morning trade, the shares of HCL Technologies was trading at Rs. 866.15 down 6.17 per cent.