 "HCL Technologies dips post Q1 results")
HCL Technologies has dipped nearly 3% to Rs 818 on the BSE after the company reported 3.2% quarter-on-quarter (q-o-q) decline in consolidated net profit at Rs 1,726 crore for the quarter ended September 2015 (Q1). Consolidated revenues grew 3.3% at Rs 10,097 crore on sequential basis.
Analyst on an average had expected profit of Rs 1,747 crore on revenues of Rs 10,087 crore.
Dollar revenue was up 0.50% q-o-q at USD 1,545 million, while net income declined 5.4% q-o-q at USD 264 million in July-September quarter, HCL Technologies said in a press release.
The company had said it expects revenues for the September quarter to be "tepid", impacted by adverse currency movement and issues with a client in the public services vertical.
At 09:39 am, the stock was down 2% at Rs 825 on the BSE. A combined 1.02 million shares changed hands on the counter on the BSE and NSE.
Analyst on an average had expected profit of Rs 1,747 crore on revenues of Rs 10,087 crore.
Dollar revenue was up 0.50% q-o-q at USD 1,545 million, while net income declined 5.4% q-o-q at USD 264 million in July-September quarter, HCL Technologies said in a press release.
The company had said it expects revenues for the September quarter to be "tepid", impacted by adverse currency movement and issues with a client in the public services vertical.
At 09:39 am, the stock was down 2% at Rs 825 on the BSE. A combined 1.02 million shares changed hands on the counter on the BSE and NSE.