ThinkStock PhotosNew Delhi: IT firm on Friday reported a consolidated net profit of Rs 40.58 crore for the quarter ended June 30, 2021, against a loss of Rs 36.86 crore in the year-ago period, HCL Infosystems said in a regulatory filing. Its consolidated revenue from operations decreased to Rs 27.61 crore in the quarter under review from Rs 105.69 crore in the year-ago period, it added.
Hardware products and solutions business accounted for Rs 24.61 crore of the revenue from operations during the June 2021 quarter, while distribution segment contributed Rs 3 crore.
As on June 30, 2021, the Group has accumulated losses and its net worth has been fully eroded, the filing said adding that the losses are primarily as a result of delayed receipts on certain system integration contracts, certain historical low margin contracts, slowdown of distribution businesses and finance costs.
Hardware products and solutions business accounted for Rs 24.61 crore of the revenue from operations during the June 2021 quarter, while distribution segment contributed Rs 3 crore.
As on June 30, 2021, the Group has accumulated losses and its net worth has been fully eroded, the filing said adding that the losses are primarily as a result of delayed receipts on certain system integration contracts, certain historical low margin contracts, slowdown of distribution businesses and finance costs.
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