Hcl Infosystems Limited Announces Unaudited Consolidated Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 31, 2018 at 08:04 pm IST
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HCL Infosystems Limited announced unaudited consolidated standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 13,095.0 million compared with INR 7,640.5 million for the same period a year ago. Loss before exceptional items and tax from continuing operations was INR 578.2 million compared with INR 631.0 million for the same period a year ago. Loss before tax from continuing operations was INR 578.2 million compared with INR 631.0 million for the same period a year ago. Net loss was INR 620.5 million or INR 2.48 per basic and diluted share compared with INR 507.3 million or INR 2.28 per basic and diluted share for the same period a year ago.
For the nine months, on consolidated basis, the company reported revenue from operations of INR 28,743.4 million compared to INR 29,111.4 million a year ago. Loss before exceptional items and tax from continuing operations was INR 1,830.8 million compared with INR 1,628.8 million for the same period a year ago. Loss before tax from continuing operations was INR 5,730.8 million compared with INR 1,528.8 million for the same period a year ago.
Net loss was INR 5,727.4 million or INR 2.28 per basic and diluted share compared with INR 1,235.6 million or INR 5.54 per basic and diluted share for the same period a year ago.
For the quarter, on standalone basis, the company reported revenue from operations of INR 10,587.0 million compared with INR 4,064.8 million for the same period a year ago. Loss before exceptional items and tax was INR 127.0 million compared with INR 202.3 million for the same period a year ago. Loss before tax was INR 311.5 million compared with INR 413.9 million for the same period a year ago. Net profit was INR 311.5 million or INR 1.24 per basic and diluted share compared with INR 327.2 million or INR 1.47 per basic and diluted share for the same period a year ago.
For the nine months, on standalone basis, the company reported revenue from operations of INR 20,591.2 million compared to INR 18,027.3 million a year ago. Loss before exceptional items and tax was INR 525.8 million compared with INR 344.0 million for the same period a year ago. Loss before tax was INR 4,936.8 million compared with INR 746.4 million for the same period a year ago. Net profit was INR 4,880.5 million or INR 21.02 per basic and diluted share compared with INR 617.6 million or INR 2.77 per basic and diluted share for the same period a year ago.
HCL Infosystems Limited is an India-based IT system integration and solutions company. The Company is primarily engaged in value-added distribution of technology, mobility and consumer electronic products. Its segments include Hardware Products and Solution, distribution, and Learning. The Hardware Products and Solution segment comprises of sale of IT products and solutions to enterprise and government customers. The distribution segment consists of the distribution of consumer products, which include telecommunication, digital lifestyle products and consumer electronic and home appliances, and enterprise products, which include IT products, enterprise software and office automation products. The Learning segment includes rendering training services, sale of educational digital content and related hardware offerings for private schools, colleges and other education institutes and vocational training.
HCL INFOSYSTEMS LIMITED 
