HCL Tech Q2 net profit up 11.2% qoq at Rs 1,920 crore

By: | Updated: January 19, 2016 9:34 AM

HCL Tech's standalone total Income increased from Rs 4500.67 crore for the quarter ended December 2014 to Rs 4833.15 crore for the quarter ended December 2015.

HCL-ep-L660HCL Tech posted standalone net profit of Rs 1,653.60 crore, up 17.70 per cent, against Rs 1,404.63 crore in the sequential quarter ended September 2015 for the quarter ended December 2015. (Photo: Reuters)

HCL Technologies announced its Q2 results before market hours. For the quarter ended December 2015, consolidated net profit of the IT major grew 11.2 per cent quarter-on-quarter and 0.2 per cent year-on-year to Rs 1,920 crore.

The company posted standalone net profit of Rs 1,653.60 crore, up 17.70 per cent, against Rs 1,404.63 crore in the sequential quarter ended September 2015. The company earned Rs 1,663.47 crore in the same quarter a year ago.

Standalone total income of the company increased from Rs 4500.67 crore for the quarter ended December 2014 to Rs 4833.15 crore for the quarter ended December 2015.

HCL Technologies also declared an Interim Dividend of Rs 6 per equity share of Rs 2 each for the year 2015-16.

“Our performance in this quarter continues to reflect the return from the investments we have been making. The return on equity for calendar 2015 at 29 per cent has been amongst the best in the Industry”, said Anil Chanana, CFO, HCL Technologies.

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