HCL Infosystems net zooms 124% in Q1
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HCL Infosystems net zooms 124% in Q1

By SiliconIndia   |   Thursday, 30 October 2003, 08:00 Hrs   |    1 Comments
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NEW DELHI: IT company HCL Infosystems on Wednesday posted a 124 per cent increase in its net profit at Rs 24.85 crore for the first quarter ended September 30.

The company's total income, however, declined to Rs 334.57 crore during the quarter from Rs 409.67 crore during the same period a year ago, a company statement said.

The company has also declared interim dividend of 30 per cent.

On a consolidated basis, its net profit grew by a whopping 968 per cent at Rs 32.4 crore against Rs 3 crore in the same period a year ago. Its revenue also increased to Rs 856 crore during the quarter as against Rs 435.8 crore in the Q1 of 2002.

Revenue from computer systems bsuiness grew to Rs 334.5 crore in Q1, showing an year-on-year growth of 52 per cent while revenue from office automation and telecom business showed a growth of 192 per cent at Rs 518.6 crore.

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