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  Business   Market  27 Jul 2017  HCL Tech shares up by 4 per cent post rise in Q1 earnings

HCL Tech shares up by 4 per cent post rise in Q1 earnings

PTI
Published : Jul 27, 2017, 12:44 pm IST
Updated : Jul 27, 2017, 12:44 pm IST

After making a positive opening, HCL Tech shares further gained 3.87 per cent to touch its one-year high of Rs 926 on BSE.

Shares of HCL Technologies on Thursday rose by 4 per cent after the company reported 6.1 per cent increase in consolidated net profit for Q1.
 Shares of HCL Technologies on Thursday rose by 4 per cent after the company reported 6.1 per cent increase in consolidated net profit for Q1.

New Delhi: Shares of HCL Technologies on Thursday rose by 4 per cent after the company reported 6.1 per cent increase in consolidated net profit for the first quarter ended on June 30, 2017.

After making a positive opening, shares of the company further gained 3.87 per cent to touch its one-year high of Rs 926 on BSE. At NSE, the stock went up by 3.95 per cent to Rs 928 -- its 52-week high.

India's fourth-largest software services exporter HCL Technologies today reported 6.1 per cent increase in consolidated net profit at Rs 2,171 crore for the first quarter ended on June 30, 2017.

The company had posted a net profit of Rs 2,047 crore in the year-ago period, HCL Technologies said in a BSE filing.

Consolidated revenues grew 7.2 per cent to Rs 12,149 crore in April-June 2017 as against Rs 11,336 crore in the same quarter of 2016-17.

HCL Technologies maintained its revenue growth guidance of between 10.5-12.5 per cent in constant currency terms.

Tags: hcl, hcl shares, hcl technologies
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