HCL Technologies net up 18.5 per cent

GOING UP: Total income for the company increased 5.67 per cent to Rs 1,295 crore for teh first quarter.

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Mumbai: Software services major HCL Technologies on Wednesday said net profit for the quarter ended September 30 went up 18.5 per cent to Rs 300.75 crore from the like quarter in the previous fiscal.

Total income for the company increased 5.67 per cent to Rs 1,295 crore for the first quarter of the compan's accounting calendar, up from Rs 1,225 crore it logged in the previous corresponding quarter, the company said in a regulatory statement.

HCL said it bore a forex loss of Rs 151 crore during the period under review compared to Rs 80 crore in the like quarter last year.

Earnings per share stood at Rs 4.49 per equity share, up from Rs 3.8 per share in the like quarter previous year.

The board of directors of the company declared an interim dividend of Rs 1 per equity share.

The HCL scrip was up 2.94 per cent at Rs 329, higher than its previous close of Rs 319.60.