HCL Infosystems Announces Q1 Results

HCL Infosystems Ltd has announced the following Unaudited Results for the quarter ended September 30, 2007:The Company has posted a net profit of Rs 734.90 million for the quarter ended September 30, 2007 where as the same was at Rs 257.40 million for the quarter ended September 30, 2006. Total Income is Rs 31013.50 million for the quarter ended September 30, 2007 where as the same was at Rs 5323.60 million for the quarter ended September 30, 2006.The Consolidated results are as follows :The Group has posted a net profit of Rs 721.30 million for the quarter ended September 30, 2007 where as the same was at Rs 670.70 million for the quarter ended September 30, 2006. Total Income is Rs 31095.90 million for the quarter ended September 30, 2007 where as the same was at Rs 27973.80 million for the quarter ended September 30, 2006.A Scheme of Arrangement sanctioned by Honble High Court of Delhi came into effect on 31st March, 2007. Pursuant to the Scheme, Telecommunication and Office Automation business of HCL Infinet Limited was amalgamated with the Company. The previous years figures of the standalone Company do not include the impact of amalgamation and hence are not comparable.