HCL Tech Q4 profit at Rs 193 cr; FY’09 net up 25 pc

Software exporter HCL Technologies has reported a standalone net profit of Rs 192.94 crore for the quarter ended 30th June 2009, while it had a net loss of Rs 13.54 crore in the corresponding period previous fiscal.

The total income during the quarter rose to Rs 1,145.54 crore from Rs 1,107.75 crore in the June quarter of the previous fiscal, HCL Tech said in a filing to the Bombay Stock Exchange on Tuesday.

For the financial year ended 30th June 2009, HCL Tech posted a consolidated net profit of Rs 1,319.63 crore, a growth rate of 25.51 percent over the same period a year ago.

The software firm’s total income rose to Rs 10,229.41 crore at the end of FY’09 from Rs 7,562.78 crore in FY’08.

“We accelerated our investments in growth in enterprise application services, emerging geographies and new verticals. The early indicators of these investments are showing in our diversified business portfolio…and most importantly in employee satisfaction,” HCL Tech CEO Vineet Nayar said.

The board has declared a dividend of 50 percent at the rate of Rs one per share for the fiscal year ended June 2009.

“With our robust financial position, we are well positioned for growth through these difficult times,” HCL Tech Chairman and Chief Strategy Officer Shiv Nadar said.

Category: Business