1. HCL Tech shares fall 6% after company’s Q4 net slips 2.8%

HCL Tech shares fall 6% after company’s Q4 net slips 2.8%

HCL Technologies shares fell nearly 6 per cent on Monday after the company reported a 2.8 per cent decline in its consolidated net profit at Rs 1,783 crore for the fourth quarter ended June 30, 2015.

By: | Updated: August 3, 2015 5:11 PM
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HCL Technologies reported a 2.8 per cent decline in its consolidated net profit at Rs 1,783 crore for the fourth quarter ended June 30, 2015. (Reuters)

HCL Technologies shares fell nearly 6 per cent on Monday after the company reported a 2.8 per cent decline in its consolidated net profit at Rs 1,783 crore for the fourth quarter ended June 30, 2015.

Share price of HCL Technologies closed 5.94 per cent lower at Rs 937.40 on the BSE. The scrip retreated 5.63 per cent to Rs 942 on the NSE.

Company’s consolidated revenues rose 16.1 per cent to Rs 9,777 crore in April-June as against Rs 8,424 crore in the same period last year as per US GAAP accounting.

The firm follows July-June as the fiscal year.

The company announced a dividend of Rs 5 per share, its 50th consecutive quarter of dividend payout.

Tags: HCL Tech
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