HCL Infosystems announced quarter 3 financial results for the period ended March 31, 2010 registering 3.2% rise in net profit at Rs 60.09 crore as compared to Rs 58.2 crore posted a year ago during corresponding quarter.

Revenues of the company were down by 5.8% to Rs 2,842.4 crore as compared to Rs 3,018.2 crore recorded last year. The company attributed the drop in sales to lower contribution from telecom and office automation business units. These two divisions totaled Rs 1,884.7 crore from Rs 2,152.6 crore posted last year.

“Around 65 per cent of our revenue comes from Nokia and they saw heavy competition from the low-end and dual-SIM players. Nokia did not have products in this area and they crunched the inventory. In fact, Nokia was to launch new products in April,” said Ajai Chowdhry, chairman and CEO, HCL Infosystems.

“We are offering some products for the census and the public distribution system (PDS) to help create the database of Aadhaar. We will issue smart cards after doing the initial surveys, enrollment, integration, delivery of cards and then backending with the software. We are already providing similar solutions in Chandigarh for PDS,” added Chowdhry.

On a sequential comparison, net profit for the company rose by 7.13% while revenues were down by 6.9%.