HCL has posted 52-per cent jump in net profit for April-June, as all its verticals and geographies posted strong growth.
HCL said consolidated profit rose to Rs.511 crore for April-June, compared with a profit of Rs.337 crore a year ago. Revenue rose 27.5 per cent to Rs.4,300 crore, on an average exchange rate basis. A media poll of brokerages showed analysts expected profit to rise 45 per cent to Rs.494 crore, on the revenue of Rs.4,318 crore.
HCL, which follows a July-June fiscal, however, raises wages only in its fiscal first quarter, enabling it to post better margins compared to peers. HCL, which added 3,626 employees on a net basis during April - June, said the operating margin was almost flat at 18.5 per cent for the period.
