HCl Technologies on Thursday posted a 14.4 per cent rise in net profit at Rs1,926 crore for the March quarter, helped by growth in lifesciences, public services and telecom.
The Noida-based firm, which booked deals worth over $2 billion this quarter, saw revenues growing 15.4 per cent to Rs10,698 crore, from Rs9,267 crore in January-March of 2015.
The company follows the July-June fiscal, but will now move to April-March to comply with changes in the Companies Act, 2013.
However, HCl’s net profit went up just 0.3 per cent from Rs1,920 crore in the December 2015 quarter while revenue grew 3.4 per cent from Rs10,341 crore.
Reacting to the results, the stock closed lower by 4.51 per cent at Rs799.95 on BSE.
“Our investments in BEYONDigital, IoT WoRKS and Next-Gen ITO helped us close FY16 year with a robust growth of 11.6 per cent YoY in constant currency. This nine-month financial year, we signed 25 transformation deals with more than $4 billion of total contract value (TCV),” HCl Technologies President and CEO Anant Gupta told reporters here.
The company has significantly beefed up its strength in new-age services and domain leadership through strategic client acquisitions, he added.
It has announced a dividend of Rs6 per share.
Gupta said financial services revenues declined 1.3 per cent, but those from lifesciences and healthcare grew 6.4 per cent, public services 7.1 per cent and telecom, media, publishing and entertainment 4.2 per cent on a quarterly basis.