HCL Tech stock rises 7 pc on Q2 earnings | business | Hindustan Times
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HCL Tech stock rises 7 pc on Q2 earnings

business Updated: Jan 17, 2013 12:46 IST

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Shares of HCL Technologies today gained 7 per cent to touch a one-year high level after the software services major reported a 68.5 per cent jump in its net profit for the quarter ended December 31, 2012.




Boosted by the smart earnings, shares of the company opened higher and as the trade progressed it surged 6.91 per cent to Rs. 720.90 -- 52-week high level on the BSE.



At NSE, the stock zoomed 7 per cent to touch a one-year high level of Rs. 721.30.



"HCL Tech reported Q2 FY13 results were ahead of expectation," Prabhudas Lilladher said in a report.



HCL Technologies today reported a 68.5 per cent jump in its net profit at Rs. 964.7 crore for the quarter ended December 31, 2012, driven by growth in infrastructure and financial services.



The company's net profit stood at Rs. 572.7 crore in the October-December quarter of 2011, HCL Technologies said in a statement. It follows July-June fiscal year.



HCL Tech's revenues stood at Rs. 6,273.8 crore during the reported quarter, up 19.6 per cent from Rs. 5,245.2 crore in he same quarter of FY12.