IT company Hexaware Technologies Ltd has posted a 11.06 per cent decline in its consolidated net profit at Rs 16.55 crore for the third quarter ended September as against Rs 18.61 crore in the same period last fiscal.
However, it raised its income and net profit forecast for the year ending December 2004 at $118 million ($114 million earlier estimate) and $13 million ($12.5 million), respectively.
The consolidated income for the reporting quarter rose to Rs 149.22 crore from Rs 101.70 crore, the company informed the Bombay Stock Exchange on Monday.
On standalone basis, net profit for Q3 was down sharply at Rs 6.56 crore from Rs 23.10 crore in July-September 2003, it said.
The total income for Q3 rose to Rs 64.69 crore from Rs 63.65 crore in the same period last year, it added.