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HCL Tech gains after earnings beat estimates

Consolidated net profit for the fiscal fourth quarter ended June 30 rose to 12.1 billion rupees from 8.54 billion rupees a year earlier on the back of order wins, HCL Technologies said on Wednesday.

July 31, 2013 / 12:00 IST
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Shares in India's HCL Technologies Ltd gain 1.5 percent after India's No. 4 IT services exporter beat expectations with a 41.6 percent rise in April-June earnings.


Consolidated net profit for the fiscal fourth quarter ended June 30 rose to Rs 1210 crore from Rs 853.9 crore a year earlier on the back of order wins, HCL Technologies said on Wednesday.
Analysts on average had expected the company to post a net profit of Rs 1060 crore, according to Thomson Reuters I/B/E/S.
first published: Jul 31, 2013 11:31 am

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