HCL Tech Q4 net down 19.3

HCL Technologies posted a dip of 19.3 per cent in net profit at Rs 162 crore although the company8217;s gross revenues were up 25.7 per cent at Rs 927.5 crore for the year ended June 30, 2005.

The profit fall in Q4, according to the company, was due to reclassification of other income. 8220;Net profit was down because a part of the other income in 2002-03 was shifted to 2003-04 due to regulatory reasons, which pushed up the figure in last fiscal,8221; a senior company official said.

HCL8217;s other income declined to Rs 8.6 crore in Q4 of FY05 from Rs 87.7 crore in the same period last year. HCL declared a final dividend of 200 per cent on every share of a face value of Rs 2 each for FY 8217;04-8217;05.