HCL Technologies Reports 43% Jump In Quarterly Net Profit

HCL Technologies Ltd reported a 43% rise in its quarterly net profit.

Based on US accounting standards, HCL's consolidated net profit climbed to INR5.73 billion for the October-December period, from INR4.00 billion, in the year-ago period. Its consolidated sales surged to INR52.45 billion.

Analysts were expecting a net profit of INR5.52 billion on revenue of INR52.39 billion.

HCL's business volume surged 3.7% sequentially in the quarter.