HCL Tech FY05 consolidated net drops 10%

HCL Technologies today reported a 9.83% decline in consolidated net profit at Rs 618.72 crore for the year ended June 30, 2005 as against Rs 686.23 crore in FY04. The group posted a total income of Rs 3,471.23 crore in FY05 as against Rs 3,040.20 crore in FY04.

The board has recommended a final dividend of 200%, i.e Rs 4 per share of Rs 2 each, for the year ended June 30, 2005, the release added.