<p>The company's quarterly results were announced after the market close yesterday.<br />After starting the day on a sluggish note, the stock extended its losses and tumbled by 6.93 per cent to a one-year low of Rs 69.10 on the NSE. A similar trend was seen on the BSE, where the stock dropped by 5.78 per cent to hit a 52-week low of Rs 70.<br /><br />HCL Infosystems reported a nearly 83 per cent decline in net profit to Rs 11.48 crore for the quarter ended June 30, 2011.<br /><br />The company had registered a net profit of Rs 67.23 crore in the same period last year.<br />Net sales of the company dropped by 18.39 per cent to Rs 2,615.40 crore in the reporting quarter from Rs 3,204.86 crore in the same quarter last year.<br /><br />Meanwhile, the BSE benchmark index Sensex was trading at 16,655.66, down 185.14 points at 1025 hours.</p>
<p>The company's quarterly results were announced after the market close yesterday.<br />After starting the day on a sluggish note, the stock extended its losses and tumbled by 6.93 per cent to a one-year low of Rs 69.10 on the NSE. A similar trend was seen on the BSE, where the stock dropped by 5.78 per cent to hit a 52-week low of Rs 70.<br /><br />HCL Infosystems reported a nearly 83 per cent decline in net profit to Rs 11.48 crore for the quarter ended June 30, 2011.<br /><br />The company had registered a net profit of Rs 67.23 crore in the same period last year.<br />Net sales of the company dropped by 18.39 per cent to Rs 2,615.40 crore in the reporting quarter from Rs 3,204.86 crore in the same quarter last year.<br /><br />Meanwhile, the BSE benchmark index Sensex was trading at 16,655.66, down 185.14 points at 1025 hours.</p>