Date:24/08/2005 URL: http://www.thehindu.com/2005/08/24/stories/2005082403931600.htm

Business

HCL Tech pays Rs. 4 final

Declares Rs. 4 per share final dividend

MUMBAI: HCL Technologies posted a marginal rise in its net profit at Rs. 329.27 crore for the year ended June 30, 2005 against Rs. 325.72 crore in the previous fiscal.

Total income has increased by 20 per cent to Rs. 1,530.03 crore from Rs. 1,274.74 crore, HCL Technologies informed the Bombay Stock Exchange.

The board of directors has recommended payment of a final dividend of 200 per cent, that is Rs. 4 per share on every share of Rs. 2 each for 2004-05.

The group has posted a consolidated net profit of Rs. 618.72 crore for the year ended June 30, 2005 against Rs. 686.23 crore last fiscal, as per Indian GAAP. Total income has increased to Rs. 3,471.23 crore from Rs. 3,040.20 crore. The company has posted a net profit of Rs. 85.22 crore for the quarter ended June 30, 2005 against Rs. 57.71 crore in the corresponding quarter in the previous fiscal.

Total income has increased to Rs. 424.09 crore for the quarter under review from Rs. 343.39 crore in the year-ago period. — PTI