HCL Info March quarter net loss widens to Rs 47.16 cr

HCL Infosystems today reported widening of its net loss at Rs 47.16 crore for the three months to March, mainly due to a slump in sales.
The firm had posted a net loss of Rs 25.61 crore in the same period a year ago.
HCL Infosystems is in the business of making and selling computer and IT peripherals and providing services related to computing products.
The net sales of the company dropped about 30 per cent to Rs 1,376.19 crore during the said quarter from Rs 1,970.17 crore in the previous fiscal.
The sales of hardware products and solutions plunged 66 per cent to Rs 215.1 crore in the reported quarter from Rs 632.77 crore in the year-ago period.

HCL Infosystems closed at Rs 51.4, down 0.1 per cent, on the BSE today.