You are here: Home » PTI Stories » National » News
Business Standard

HCL Infosystems shares drop nearly 5 pc after Q2 earnings

Press Trust of India  |  New Delhi 

Shares of IT company HCL Infosystems on Wednesday dropped nearly 5 per cent after the firm posted widening of consolidated loss to Rs 39.92 crore for the September quarter.

The scrip declined 4.93 per cent to close at Rs 7.71 on the BSE. During the day, it plummeted 8.38 per cent to Rs 7.43.

On the NSE, it tumbled 4.93 per cent to settle at Rs 7.70.

In terms of traded volume, 1.22 lakh shares of the company were traded on the BSE and over seven lakh shares changed hands on the NSE.

The company's earnings were announced post market hours on Tuesday.

The company had posted a loss of Rs 33 crore in July-September 2018, a regulatory filing said.

Revenue from operations also declined over 40 per cent to Rs 581.77 crore during the quarter under review from Rs 976.37 crore in the corresponding quarter of 2018-19, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 06 2019. 16:00 IST
RECOMMENDED FOR YOU