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HCL Tech falls post Q1 earnings
Source: IRIS | 17 Oct, 2014, 11.06AM
Rating: NAN / 5 stars.
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HCL Technologies, one of the leading software exporters witnesses a fall in share price on Friday after registered a growth of 32.27% in the consolidated net profit to Rs 18.73 billion for the quarter ended Sept 30, 2014 as compared to Rs 14.16 billion in the same period last year. On quarter on quarter basis, it posted a rise of 2.13% in the net profit.

Consolidated revenues has increased to Rs 87.35 billion for the quarter ended Sept 30, 2014 from Rs 79.61 billion in the same period last year, representing increase of 9.72%. On quarter on quarter basis, it posted a rise of 3.69% in the revenues.

Shares of the company are trading at Rs 1,524.45, down Rs 131.55, or 7.94% at the Bombay Stock Exchange (BSE) on Friday at 10:50 a.m.

The scrip has touched an intra-day high of Rs 1,600.00 and low of Rs 1,510.60. The total volume of shares traded at the BSE is 121,958.

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