HCL consolidated net profit up 20 p.c.

NEW DELHI: HCL

Technologies has posted a net profit of Rs 134.76 crore for the quarter

ended March 31, 2006 (Q3 FY 05-06) where as the same was Rs 76.76 crore for the

quarter ended March 31, 2005 (Q3 FY 04-05).






Total Income is Rs 729.72 crore for Q3 FY 05-06, compared to Rs 371.13 crore in
Q3 FY 04-05.






According to the consolidated results (as per US GAAP) the group has posted a
net income of $43.24 million (approximately Rs 192.9 crore) for the quarter

ended March 31, 2006 (Q3 FY 05-06) as against $ 35.94 million (approximately Rs

160.32 crore) for the quarter ended March 31, 2005 (Q3 FY 04-05), with a

year-on-year growth o    f 20 per cent.






Revenues have increased from $196.16 million (approximately Rs 875 crore) in Q3
FY 04-05 to $251.51 million (approximately Rs 1122 crore) for Q3 FY 05-06 with a

growth of 28.22 per cent.






High Courts of Delhi and Karnataka approved the amalgamation of DSL Software
Ltd, Shipara Technologies Ltd, HCL

Technologies BPO Services Ltd, HCL Technologies (Mumbai) Ltd, Aquila

Technologies Ltd and HCL Enterprises Solutions (India) Ltd, all wholly owned

subsidiaries of the company with HCL Technolohgies during the quarter ended

December 31, 2005. The effective date of amalgamation is April 1, 2005.






Accordingly, the results for the quarter ended March 31, 2006 of the company
include results of the "Transferor Companies" for the quarter and

twelve-month period from April 01, 2005 to March 31, 2006 respectively and are

not comparable with the those of the corresponding previous periods.






“The billion-dollar-revenue rate is a clear outcome of the many large client
wins we have witnessed over the last few quarters-a vindication of our

transformation initiatives that have created strong value for our clients. The

overall industry size globally is growing at a good pace-as technology spend

amongst enterprises picks up, HCL is uniquely positioned to benefit, given its

focus and investments in emerging areas,” Shiv Nadar, chairman and CEO, HCL,

said.






“Our focus on emerging services as a growth driver continues as we gain larger
market share in these growth businesses and use them as a core strategy to drive

mega deal wins. This focused differentiated strategy will result in high growth

in coming years as these services become significantly larger in our overall

portfolio,” Vineet

Nayar, president, HCL, said. “Emerging areas continued to be strong growth

drivers, with infrastructure services growing by a robust 58 per cent YoY,” he

added.






“The Q3 performance in the BPO space has been consistent with our projections,
and we added 359 employees against large contracts that will be executed in the

coming months,” Ranjit Narasimhan, head of HCL's BPO Operations, said.






The Board of Directors has declared an interim dividend of Rs 4 per share. The
Board of Directors has appointed P C Sen as Additional Director of the company.

P C Sen retired as secretary general, National Human Rights Commission in April

2003 is presently the director, India International Centre. The Board approved

the resignation of Cyrll Shroff, director with effect from April 18, 2006.






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