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HCL net up 16.7% in Q2

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HCLNew Delhi :  Software major HCL Technologies Ltd on Friday reported a Rs 2,014 crore net profit for the second quarter (July-September) of fiscal 2016-17, registering 16.7 per cent annual growth.

In a regulatory filing to the stock exchanges, the IT firm said Q2 revenue increased 14 per cent year-on-year (YoY) to Rs 11,519 crore.

In dollar terms, net income rose 14 per cent to $301 million and revenue 11.5 per cent to $1,722 million under the International Financial Reporting Standard (IFRS).

Earnings before interest and tax (Ebit) grew 18.4 per cent to Rs 2,318 crore and 15.9 per cent to $347 million under IFRS.

Sequentially, however, net profit, revenue and Ebit were flat or marginally lower in rupee and dollar terms from the first quarter (April-June) of this fiscal.

Automobile

Improved version of Hyundai Creta launched in Indian market: Check it out here

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Hyundai India launched the much-awaited Creta Knight Edition in the country at a starting price of Rs 13.51 lakh (ex-showroom, all-India). This new variant is available in both petrol and diesel engine options and can be had either with a manual or an automatic transmission unit. To read more about the Creta Knight Edition, click here. In addition to this, the company has also introduced a model-year update for the Hyundai Creta with new feature additions.

The 2022 Hyundai Creta is now available in a new Denim Blue colour option and the Highline TPMS is now standard across all variants. The SX (O) trim now also gets a glossy black centre console. Furthermore, the company will offer the iMT option on the 1.5-litre petrol ‘S’ variant to further expand choices for the customers. The new S+ variant powered by a 1.4-litre T-GDi petrol engine with 7DCT now gets an additional set of features, such as –

– Smart panoramic sunroof

– 16-inch black alloy wheels

– Smartphone wireless charger

– Rear Disc Brakes

– Electronic Stability Control (ESC)

– Vehicle Stability Management (VSM)

– Hill start assist control (HAC)

– Paddle shifters

– Metal pedals

– Electric and auto-folding ORVMs

– Power window auto up/down

Mechanically, the SUV continues to be powered by the existing petrol and diesel engine options.

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