HCL Infosystems dips after Q3 loss widens

Net loss for the December 2015 quarter increased to Rs 64 crore compared with Rs 49.6 crore in the same quarter last year

Shares of HCL Infosystems were down over 2% at Rs 45.75 on the Bombay Stock Exchange after the company reported higher consolidated net loss at Rs 64 crore for the quarter ended 31 December 2015 compared with a loss of Rs 49.6 crore in the same quarter last year.

Consolidated net sales for the quarter under review were also lower by 21% at Rs 1,147 crore compared with Rs 1,471 crore in the quarter ended December 31, 2014.

The stock opened at Rs 44.65 and touched a low of Rs 44.10. At 12:15pm, over 1.5 million shares were traded on both the stock exchanges.