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HFCL Infotel reports net loss of Rs 37.89 crore in the March 2007 quarter

June 14, 2007

HFCL Infotel reported net loss of Rs 37.89 crore in the quarter ended March 2007 as against net loss of Rs 42.83 crore during the previous quarter ended March 2006. Sales declined 18.86% to Rs 60.16 crore in the quarter ended March 2007 as against Rs 74.14 crore during the previous quarter ended March 2006.

For the full year, net loss reported at Rs 116.32 crore in the year ended March 2007 as against net loss of Rs 113.04 crore during the previous year ended March 2006. Sales declined 5.48% to Rs 275.90 crore in the year ended March 2007 as against Rs 291.89 crore during the previous year ended March 2006.

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