HCL Tech net profit raises 6.1% to Rs 2,171cr in April-June


New Delhi: Today Nation’s main software services exporter HCL Technologies posted 6.1 per cent gain in net profit at Rs 2,171 crore for the April-June quarter concluded.  HCL Technologies further stated in a BSE filing that, a net profit of Rs 2,047 crore in the year-before period. Revenues raise 7.2 per cent to Rs 12,149 crore in first quarter 2017 as next to Rs 11,336 crore in the similar quarter of 2016-17.

Yes Bank Q1 net profit up 32% to Rs 965 cr

Shares of the corporation grew 3 per cent to Rs 918.90 in near the beginning trade on BSE following the results.  In words of dollar, the corporation’s net profit augmented 10.3 per cent to USD 336.7 million in the first quarter, whereas revenues raise 11.4 per cent to USD 1.88 billion.

HCL Technologies asserted its revenue expansion guidance of between 10.5-12.5 per cent in steady currency. HCL Technologies President and CEO C Vijayakumar has also conveyed that we carried on to propel ahead on our Mode 1-2-3 expansion strategy, delivering a revenue enlargement of 2.6 per cent quarter-on-quarter.

HCL Technologies CFO Anil Chanana said the offer buyback of Rs 3,500 crore was effectively finished up amid the quarter. “Together with the profit per offer of Rs 2 this quarter, is decisive of our adjusted capital designation center,” he said. HCL Tech announced expansive based development over all income sections with the Americas and Europe developing by 16.9 per cent and 0.3 per cent YoY.

Axis Bank Q1 net profit down 16% to Rs 1,306 crore

Budgetary administrations developed at 19.2 per cent, fabricating at 17.1 per cent, lifesciences and medicinal services at 10.6 per cent, open administrations at 6.4 for every penny, retail and CPG at 7.1 per cent. In any case, broadcast communications, media, distributing and stimulation posted 2.7 per cent y-o-y decrease in steady cash.