HCL Infosystems announced a steep drop in standalone net profit for the quarter ended December 2008, due to weak sales volume, low operating margins and high depreciation cost.
the quarter, the profit of the company declined 30.28% to Rs 580 million from Rs 831.90 million in the same quarter previous year. Net sales declined 5.16% to Rs 30,921 million, while total income for the quarter fell 5.63% to Rs 30,935 million, when compared with the prior year period. The company reported earnings of Rs 3.39 a share during the quarter, registering 30.53% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 30,921.40 32,603.60 (5.16) *Net Profit* 580.00 831.90 (30.28) *Basic EPS* 3.39 4.88 (30.53) During the quarter, the operating margin of the company fell by 34.67 basis points to 3.14% compared with the previous year period. Interest cost increased 4.99% to Rs 107.40 million while depreciation cost rose 7.20% to Rs 41.70 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
