Comments
Shares of HCL Technologies gained 7 per cent to touch a one-year high today after the software services major reported a 68.5 per cent jump in its net profit for the second quarter ended December 31, 2012.
Boosted by the smart earnings, the scrip opened higher and as the trade progressed, it surged 6.91 per cent to Rs 720.90 — a 52-week high on the BSE. On the NSE, the stock zoomed 7 per cent to touch a one-year high of Rs 721.30.
“HCL Tech reported Q2 FY’13 results were ahead of expectations,” Prabhudas Lilladher said in a report.
The company has reported a 68.5 per cent jump in its net profit at Rs 964.7 crore for the second quarter ended December 31, 2012, driven by growth in infrastructure and financial services.
The net profit stood at Rs 572.7 crore in the October-December quarter of 2011, the company said in a statement. It follows July-June fiscal year.
Revenues stood at Rs 6,273.8 crore (Rs 5,245.2 crore), up 19.6 per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.