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HCL Tech shares plunge 7% post Q3 earnings
Source: IRIS | 21 Apr, 2015, 09.58AM
Rating: NAN / 5 stars.
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HCL Technologies, one of the leading software exporters, witnessed a fall in share price on Tuesday after it reported a fall of 12.11% in net profit on quarter on quarter basis, and registered a growth of 3.63% in the consolidated net profit to Rs 16.83 billion for the quarter ended Mar. 31, 2015 as compared to Rs 16.24 billion in the same period last year.

Consolidated revenues has increased to Rs 92.67 billion for the quarter ended Mar. 31, 2015 from Rs 83.49 billion in the same period last year, representing increase of 11%. On quarter on quarter basis, it posted a fall of 0.2% in the revenues.

Shares of the company are trading at Rs 861.05, down Rs 62.1, or 6.73% at the Bombay Stock Exchange (BSE) on Tuesday at 9:51 a.m.

The scrip has touched an intra-day high of Rs 871.50 and low of Rs 834.10. The total volume of shares traded at the BSE is 147,761.



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