HCL Infosystems Reports Revenue of Rs. 72 Crore in Q3 FY21

HCL Infosystems today announced its financial results for the quarter ended December 31st, 2020.

Business Highlights:

- Systems Integration and Solutions business reported revenue of Rs. 38 Crore
- Distribution business revenue stood at Rs. 34 Crore
- Consumer Distribution registered revenue of Rs. 29 Crore
- Enterprise Distribution registered revenue of Rs. 5 Crore
- Loss before interest, tax and exceptional items was Rs. 23 Crore

Mr. Vinod Pulyani, Manager of HCL Infosystems Ltd, commenting on the results' said, "During the quarter we continued to focus on initiatives to reduce the company's debt and business losses by rationalizing our businesses. Accordingly, we continued to scale down our Enterprise and Consumer Distribution businesses. We also took a strategic decision to divest the entire shareholding in HCL Infotech Ltd to Novezo Consulting Pvt. Ltd, after certain carve outs."

Shares of HCL INFOSYSTEMS LTD. was last trading in BSE at Rs.9.21 as compared to the previous close of Rs. 9.31. The total number of shares traded during the day was 47670 in over 236 trades.

The stock hit an intraday high of Rs. 9.48 and intraday low of 9.1. The net turnover during the day was Rs. 440627.

Source : Equity Bulls

Keywords