MUMBAI, Apr 17: Shares of HCL Technologies today surged over 6 per cent to touch a one-year high level, after the IT major reported a 72.59 per cent jump in consolidated net profit for the quarter ended March 31, 2013.
Cheering the results which were announced before the market hours today, shares of HCL Tech opened higher and further jumped 6 per cent to Rs 809 — its 52-week high on the BSE.
At the NSE, the stock climbed 6.18 per cent to an one-year high of Rs 810.
HCL Technologies today reported a 72.59 per cent jump in consolidated net profit at Rs 1,039.9 crore for the quarter ended March 31, 2013, driven by growth in infrastructure and enterprise application services.
The company’s net profit stood at Rs 602.5 crore in the January-March quarter of 2012.
It follows July-June fiscal year.
HCL Tech’s revenues stood at Rs 6,424.6 crore during the reported quarter, up 23.2 per cent from Rs 5,215.6 crore in the same quarter last year.
“We have delivered yet another quarter of strong performance. Our net margins have improved for six straight quarters and are up by 51.5 per cent along with a robust 14.6 per cent US dollar constant currency growth for the 12 month period ended March 31, 2013,” HCL Technologies President and CEO Anant Gupta said. (PTI)
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