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Shares of HCL Technologies were down over 4% at Rs 954 on the Bombay Stock Exchange after the company's net profit dipped sequentially by 5.9% to Rs 1,783 crore for the quarter ended June 30, 2015. Further, EBIT margin at 20.1% was below estimates and lower than 21.33% recorded in the previous quarter.
Futher, net profit slipped 2.8% compared to the same quarter last fiscal.
Meanwhile, rupee revenue growth stood at Rs 9,777 crore, up 5.5% on a sequential basis while dollar revenue improved by 3.2% at Rs 1,538 million sequentially.
The board has announced an interim dividend of Rs 5/- per equity share of Rs 2/- each for 2015-16, the company said in a release today.
The stock opened at Rs 957 and touched a low of Rs 944. At 9:55AM, over 750,000 shares were traded on both the stock exchanges.
