HCL Tech Q4 net profit up 54 percent, beats estimates

MUMBAI (Reuters) - IT services exporter HCL Technologies Ltd reported a 54 percent rise in quarterly net profit, as a global economic recovery helped demand for outsourcing services.

Consolidated net income for the company's fiscal fourth-quarter ended June 30 rose to 18.34 billion rupees ($305.4 million) from 11.93 billion rupees in the same period a year earlier, HCL Technologies said on Thursday.

Analysts, on average, had expected the company to report a net profit of 16.15 billion rupees.

($1 = 60.0600 rupees)

(Reporting by Devidutta Tripathy and Nivedita Bhattacharjee; Editing by Prateek Chatterjee)