HCL Tech is leading the pack of losers on the BSE. The stock is down over 5% at Rs.846 levels, with intra day lows at Rs.944. The mood on the counter continues to look somber as sellers exceed buyers on the counter currently.

The company posted a decent set of numbers for its fourth quarter ended 30^th June 2015 (The company follows 1sy July to 30^th June year ending) but the disappointment was huge on account of the dip in margins.

For Q4, the company posted a 6% (QoQ) rise in net profit at Rs.1783 crore in a 5.5% rise in revenue at Rs.9777 crore. Even on dollar terms, earnings were good – dollar revenue rose over 3% at US$1538 million and profit rose 3T at US$279 million. EBIT margin came in at 20.1%, much lower than expectations of 21.80% and QoQ, down from 21.33%. The margins had dipped QoQ by 250 bps in March (Q3) quarter too and now this drop again in Q4 – the word on the street is that this means the road ahead could be stormier.

The company ended FY15 with a 14% rise in net profit at Rs.7254 crore and a 13% increase in revenue at Rs.37,061 crore. USA markets for the year showed a 14% growth and Europe grew 19%.