HCL Technologies, one of the leading software exporters, registered a growth of 53.73% in the consolidated net profit to Rs 18.34 billion for the quarter ended June 30, 2014 as compared to Rs 11.93 billion in the same period last year. On quarter on quarter basis, it posted a rise of 12.9% in the net profit. Analysts on average had predicted net profit to come at Rs 16.11 billion.

Consolidated revenues has increased to Rs 84.24 billion for the quarter ended June 30, 2014 from Rs 69.8 billion in the same period last year, representing increase of 20.69%. On quarter on quarter basis, it posted a rise of 0.9% in the revenues.

''HCL continues to demonstrate its ability to navigate the dynamic economic environment and grow profitably by delivering 'relevant' and unique service experience to its customers fueled by the 'Relationships Beyond the Contract' philosophy. We will continue to build on this ability to deliver differentiated value to clients and stakeholders,'' said Shiv Nadar, chairman and chief strategy officer, HCL Technologies.

''With a year-on-year increase of 28% in revenues and 58% rise in net income HCL has posted a robust Financial Year performance which emphatically demonstrates the continued success and relevance of our overall strategy. In FY14, the company crossed the USD 5 billion Revenue milestone and further evolved the key building blocks to deliver next generation propositions to our customers. Backed by this solid performance, we remain confident in our ability to continue delivering industry leading growth at HCL,'' said Anant Gupta, CEO, HCL Technologies.

''The superior operating performance has been accompanied by efficient working capital management including DSO, high conversion of profits into cash and return on equity at historic high of 36%. Based on the sustained efforts, HCL has delivered another stellar year of EPS growth of 58% in FY'14. We have declared a dividend of 12 per share making this quarter the 46th consecutive quarter of dividend declaration,'' said Anil Chanana, CFO, HCL Technologies.

Shares of the company declined Rs 36.4, or 2.28%, to trade at Rs 1,560.95. The total volume of shares traded was 21,495 at the BSE (9.39 a.m., Thursday).