HCL Tech posts 18.5 per cent rise in Q3 net

Software services major HCL Technologies today said its net profit for the quarter ended 30 September rose 18.5 per cent to Rs300.75 crore from the same quarter last fiscal.

Total income of the company increased 5.67 per cent to Rs1,295 crore in the first quarter of the company's accounting calendar, up from Rs1,225 crore logged in the previous corresponding quarter, the company said in a statement to the bourses.

HCL said it bore a foreign exchange loss of Rs151 crore during the period under review against a Rs80 crore loss in the like quarter last year. Earnings per share stood at Rs4.49 per equity share, up from Rs.3.8 per share in the like quarter previous year.

The board of directors of the company has declared an interim dividend of Re1 per equity share.