HCL Tech Q4 net profit up 54 per cent, beats estimates

IT services exporter HCL Technologies Ltd reported a 54 per cent rise in quarterly net profit, as a global economic recovery helped demand for outsourcing services.

Consolidated net income for the company's fiscal fourth-quarter ended June 30 rose to Rs 18.34 billion ($305.4 million) from Rs 11.93 billion in the same period a year earlier, HCL Technologies said on Thursday.

Analysts, on average, had expected the company to report a net profit of Rs 16.15 billion.

($1 = Rs 60.0600)

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