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Rediff.com  » Business » HCL Tech net up 194% in FY04

HCL Tech net up 194% in FY04

Source: PTI
September 15, 2004 19:01 IST
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Powered by a Rs 315 crore (Rs 3.15 billion) gain from the sale of its stake to US-based Perot System from an earlier JV, HCL Technologies on Wednesday reported a whopping 194 per cent increase in its net profit to Rs 791.40 crore (Rs 7.914 billion) for the fiscal ended June 30 over the last fiscal, besides announcing Rs 250 crore (Rs 2.50 billion) capital expenditure for 2004-05.

The company also announced a dividend of 500 per cent for the year (2003-04) or Rs 10 per share with final dividend of 200 per cent for the fourth quarter, S L Narayan, vice president, corporate affairs, told reporters here and added HCLT has paid out Rs 300 crore (Rs 3 billion) as dividend in the year to the shareholders.

The company's revenues increased 35 per cent to Rs 2,613.58 crore during (Rs 26.135 billion) 2003-04 as compared to the previous year, he said.

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