HCL Infosystems Q4 consolidated net rises 19 per cent

HCL Infosystems, the l
24 August 2006

For the fourth quarter ended 30 June, 2006, consolidated net profits have increased 18.62 per cent to Rs70.03 crore from Rs59.04 crore for the same quarter of previous year. Consolidated revenues have increased 41.28 per cent to Rs3,098.1 crore from Rs2,192.87 crore.

Operating profits or EBITDA for the quarter has increased 52.84 per cent over the previous year quarter. Operating margins as a percentage of net sales has improved to 3.32 per cent from 3.07 per cent.

Cost of sales, mostly purchase cost of goods distributed, increased 42.69 per cent during the quarter. Staff costs went up by a modest 13.07 per cent and administrative and selling expenses remained flat.

The company booked an exchange loss of Rs6.45 crore as against a profit of Rs3.25 crore for the previous year quarter. Other income declined 27.56 per cent to Rs6.57 crore from Rs9.07 crore. Tax provisions went up 77.38 per cent to Rs29.8, resulting in a lower growth in bottom line.

For the full year 2005-06, consolidated net profits have increased 23.13 per cent to Rs280.36 crore from Rs227.7 crore for the previous year. Consolidated revenues increased 46.73 per cent to Rs11,368.31 crore from Rs7,747.89 crore.