Fri, 29 Aug 2014 15:00:00 GMT | By PTI

HCL Infosystems posts Rs. 198 crore net loss in June quarter

Revenues from hardware products and solutions stood at Rs. 261.42 crore, while that from distribution was at Rs. 1,116.23 crore


HCL Infosystems posts Rs. 198 crore net loss in June quarter (© Reuters)

New Delhi: IT firm HCL Infosystems today said its standalone net loss has widened to Rs. 198.03 crore in the April-June 2014 period.

The Noida-based company had posted a net loss of Rs. 40.25 crore in the same quarter last fiscal, HCL Infosystems said in a filing to the BSE.

Its net sales also fell to Rs. 1,377.65 crore in the said quarter compared to Rs. 1,971.22 crore during the April-June 2013 period.

Revenues from hardware products and solutions stood at Rs. 261.42 crore, while that from distribution was at Rs. 1,116.23 crore in the fourth quarter of the 2013-14 fiscal.

The company's net losses widened to Rs. 214.52 crore for the fiscal ended June 30, 2014 from a lower loss of Rs. 79.98 crore in the previous fiscal.

HCL Infosystems also reported lower consolidated net sales of Rs.7,848.31 crore in FY2013-14 compared to Rs. 9,246.56 crore in the previous financial year.

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