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HCL Infosystems posts Q2 loss at Rs 10 crore

IT firm on Tuesday posted a consolidated lack of Rs 10 crore within the second quarter ended September. The corporate had posted a consolidated revenue of Rs 13 crore in the identical interval a 12 months in the past, it mentioned in a regulatory submitting.

In line with the auditor’s be aware, HCL Infosystems group has collected losses and its net worth has been absolutely eroded as on September 30, 2022.

The group’s present liabilities exceeded its current assets by Rs 489.84 crore in the course of the July-September interval.

HCL’s revenue from operations greater than halved to Rs 6.93 crore in the course of the quarter underneath evaluation from Rs 15.54 crore within the corresponding interval of the previous 12 months.

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