The company's turnover also rose by 43 per cent to Rs 650 crore as against Rs 455 crore, while the gross profits went up by 51 per cent to Rs 265 crore from Rs 175 crore. Earnings after tax also rose by 79 per cent Rs 84 crore as against Rs 47 crore.

HCL Technologies aggregated revenue crossed Rs 1,000 crore, which includes Rs 650 crore earnings from HCL Technologies Ltd and Rs 350 crore of affiliate revenues.

The offshore revenues at Rs 272 crore comprised 42 per cent of the total revenues as compared to Rs 127 crore (28 per cent) in the previous year.

According to a company statement, the operating margins have also improved as a result of significant growth in the share of off-shore business and the company's strategy of making substantial investments in creating a comprehensive marketing infrastructurein previous years which have now started showing results.

HCL Technologies Ltd is considering flotation of an IPO to list the company in India and raise funds for the future growth. The company plans to market the IPO through a book-building process.

The company recently submitted a draft prospectus to the Securities & Exchange Board of India (SEBI) for approval to float the IPO. The Indian listing of shares, would help the company to list its shares on the New York Stock Exchange (NYSE) through issuance of American Depository Receipts (ADRs) sometimes in the first quarter of next year.