HCL Infosystems Q3FY08 Results

HCL Infosystems Ltd has announced the following Unaudited Results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 831.90 million for the quarter ended December 31, 2007 where as the same was at Rs 347.60 million for the quarter ended December 31, 2006. Total Income is Rs 32779.70 million for the quarter ended December 31, 2007 where as the same was at Rs 6223.90 million for the quarter ended December 31, 2006.

The Consolidated Results are as follows:

The Group has posted a net profit of Rs 814.10 million for the quarter ended December 31, 2007 where as the same was at Rs 759.90 million for the quarter ended December 31, 2006. Total Income is Rs 32880.80 million for the quarter ended December 31, 2007 where as the same was at Rs 29414.80 million for the quarter ended December 31, 2006.

A Scheme of Arrangement sanctioned by Hon'ble High Court of Delhi came into effect on March 31, 2007. Pursuant to the Scheme, Telecommunication and Office Automation business of erstwhile HCL Infinet Ltd was amalgamated with the Company. The previous year's figures of the standalone Company do not include the impact of amalgamation and hence are not comparable.

HCL Infosystems Q2 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 Hon'ble 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 year's figures of the standalone Company do not include the impact of amalgamation and hence are not comparable.

JP Morgan - HCL Infosystems

JP Morgan has a BUY on HCL Infosystems

They have a target of Rs 275 and are OVERWEIGHT on the stock.

The believe that the PC penetration in India still low and mobile business continuing to show growth, HCL Infosystems offers an attractive investment on the India consumer growth story.