HCL Tech shares up over 3 per cent on robust Q3 earnings

Shares of HCL Technologies gained over 3 per cent today after the company posted 59 per cent increase in net profit for the quarter ended March 31, 2014.
Reacting to the numbers that were announced before the trading hours today, shares of HCL Tech opened the day on a positive note and as the trade progressed it further rose by 3.23 per cent to Rs 1,455 on the BSE.
At the NSE, the stock jumped 2.85 per cent to Rs 1,452.80.
The IT services firm today posted 59 per cent increase in net profit at Rs 1,624 crore for the quarter ended March 31.

The company had posted a net profit of Rs 1,021 crore in the corresponding quarter of last fiscal (2012-13), HCL Technologies said in a statement.
The company follows July-June fiscal.
Its revenue for the reported quarter were up 29.8 per cent at Rs 8,349 crore from Rs 6,430 crore in Q3 of FY'12.
The company has announced an interim dividend of Rs 4 per equity share of face value of Rs 2 each.