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HCL reports net up 14% in fiscal 2015-16

On Monday, HCL Technologies reported Rs 7,254 crore net profit for the fiscal 201-16, registered a 14 percent growth year-on-year as per Indian accounting standard.

The firm said in a BSE filing that the revenue for fiscal under review (FY 2015) increased 12.6 percent YoY to Rs 37,061 crore.

However, the net profit was down 2.8 percent YoY to Rs 1,783 crore for the fourth quarter(April-June) of the fiscal under review whereas revenue was up 16 percent YoY to Rs 9,777 crore under the Indian accounting standard.

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