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HCL Infosystems shares plummet 10 pc after Q2 earnings

The company has posted a loss of Rs 33 crore in July-September 2018, a regulatory filing said.

Reported by: PTI New Delhi Published on: November 06, 2019 12:31 IST
HCL Infosystems shares plummet 10 pc after Q2 earnings
Image Source : PTI

HCL Infosystems shares plummet 10 pc after Q2 earnings

Shares of IT company HCL Infosystems on Wednesday plummeted nearly 10 per cent after the company posted widening of consolidated loss at Rs 39.92 crore for the September 2019 quarter. The scrip tumbled 8.38 per cent to Rs 7.43 on the BSE. At the NSE, it tanked 9.87 per cent to Rs 7.30.

The company's earnings were announced post market hours on Tuesday.

The company had posted a loss of Rs 33 crore in July-September 2018, a regulatory filing said.

Revenue from operations also declined over 40 per cent to Rs 581.77 crore during the quarter under review from Rs 976.37 crore in the corresponding quarter of 2018-19, it added. 

ALSO READ: Infosys may layoff 10,000 employees for cost cutting

ALSO READ: Sensex falls over 100 points in early trade

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