New Delhi, April 17: The country's fourth largest software services company HCL Technologies Ltd has beat market expectations by announcing a 73 per cent rise in quarterly profit, assisted by new deals, even as the overall environment remained challenging and uncertain.
Net profit rose to Rs 1,040 crore during the third quarter ended March 31, 2013, up 72.6 per cent, as against the same period last year.
While revenues were Rs 6,425 crore, up 23.2 per cent YoY and 2.4 per cent QoQ, EBIT (earnings before interest and taxes) stood at Rs 1,276 crore, up 56 per cent YoY and 2.5 per cent QoQ.
In US Dollar terms, the company's revenue was up 14 percent YoY (3 percent QoQ) to USD 1,191 million. In constant currency, growth was up 3.8 percent sequentially.
The company also announced dividend of Rs 2 per share, 41st consecutive quarter of dividend payout. It has appointed Keki Mistry as an Independent Director on the board.
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