HCL Technologies is trading higher by 2% at Rs 912, bouncing back nearly 10% from intra-day low after reporting a better-than-expected 16.3% quarter-on-quarter (qoq) jump in its consolidated net profit at Rs 1,210 crore for the fourth quarter ended June 30, 2013 (Q4). IT consulting and software services firm had profit of Rs 1,040 crore in March quarter.
The company’s consolidated rupee revenue rose slightly higher-than-expected 8.1% at Rs 6,944 crore on qoq, HCL Technologies said in a statement.
Analysts on an average had expected it to report net profit at Rs 1,063 crore on revenues of Rs 6,873 crore.
Consolidated earnings before interest and tax (EBIT) jumped 14.5% qoq to Rs 1,461 crore, while EBITDA by 13.2% at Rs 1,629 crore during the fourth quarter.
The stock hit a low of Rs 838 after hitting record high of Rs 921 on BSE. A combined around one million shares have changed hands on the counter till 0930 hours on BSE and NSE.
The company’s consolidated rupee revenue rose slightly higher-than-expected 8.1% at Rs 6,944 crore on qoq, HCL Technologies said in a statement.
Analysts on an average had expected it to report net profit at Rs 1,063 crore on revenues of Rs 6,873 crore.
Consolidated earnings before interest and tax (EBIT) jumped 14.5% qoq to Rs 1,461 crore, while EBITDA by 13.2% at Rs 1,629 crore during the fourth quarter.
The stock hit a low of Rs 838 after hitting record high of Rs 921 on BSE. A combined around one million shares have changed hands on the counter till 0930 hours on BSE and NSE.
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