CMC Limited
NSE Symbol CMC
SEP 2010 Q/E ENDING
RESULTS REVIEW
CMC limited has announced its Q/E SEP2010 results.
On Stand alone Basis - While Sales have gone up by 12% from previous qtr and 13% from corresponding qtr of last year, total expenditure has gone up more than proportionately by 17% from previous qtr and 11% from corresponding qtr.
Net Profit at Rs. 37 cr is lower by 9% from previous qtr (Rs.41 Cr), but higher by 18% from corresponding qtr (Rs.31 Cr).
Quarterly Basic EPS at Rs.24.45 on a Face Value of Rs.10 is less by 9.21% from previous qtr (Rs.26.93) but higher by 18.06% from corresponding qtr (Rs.20.71).
On consolidated Basis - Net Sales are Rs. 27138.49 lacs for quarter ending on 30-SEP-2010 against Rs. 24381.36 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 4362.73 lacs for the quarter ending on 30-SEP-2010 against Rs. 4644.56 lacs for the quarter ending on 30-JUN-2010.
STAND ALONE RESULTS IN FIGURES :
| | | | Sep-10 | Jun-10 | DIF%1 | Sep-09 | DIF%2 |
| Net Sales | 19929.45 | 17806.07 | 11.93 | 17608.88 | 13.18 | ||
| Other Oprtg Income | -32.85 | 133.36 | -124.6 | 15.45 | -312.62 | ||
| Raw Materials | 3100.05 | 1939.62 | 59.83 | 3809.66 | -18.63 | ||
| Employees Cost | 6962.11 | 6157.09 | 13.07 | 5555.7 | 25.31 | ||
| Depreciation | 234.21 | 216.82 | 8.02 | 242.09 | -3.25 | ||
| Other Expenditure | 5671.92 | 5346.95 | 6.08 | 4827.48 | 17.49 | ||
| Total Expenditure | 15968.29 | 13660.48 | 16.89 | 14434.93 | 10.62 | ||
| Profit from Operations | 3928.31 | 4278.95 | -8.19 | 3189.4 | 23.17 | ||
| Other Income | 210.59 | 264.38 | -20.35 | 405.77 | -48.1 | ||
| Profit B I EI | 4138.9 | 4543.33 | -8.9 | 3595.17 | 15.12 | ||
| Interest | -2.85 | -1.43 | 99.3 | 95.43 | -102.99 | ||
| ProfitA I BB EI | 4141.75 | 4544.76 | -8.87 | 3499.74 | 18.34 | ||
| Profit before tax | 4141.75 | 4544.76 | -8.87 | 3499.74 | 18.34 | ||
| Tax expense | 437.91 | 464.8 | -5.79 | 362.85 | 20.69 | ||
| Net Profit after tax | 3703.84 | 4079.96 | -9.22 | 3136.89 | 18.07 | ||
| Net Profit | 3703.84 | 4079.96 | -9.22 | 3136.89 | 18.07 | ||
| Dividend (%) | - | - | - | ||||
| Face Value (In Rs | 10 | 10 | 0 | 10 | 0 | ||
| Paid Up Equity | 1515 | 1515 | 0 | 1515 | 0 | ||
| Basic EPS | 24.45 | 26.93 | -9.21 | 20.71 | 18.06 | ||
| Public Holding (%) | 48.88 | 48.88 | 0 | 48.88 | 0 | ||
CURRENT MARKET PRICE : RS.2190.
WHAT COMPANY SAYS :
The company saw robust addition of new clients and aggressive manpower addition, which are the other highlights of this quarter. CMC had consolidated operating revenue of Rs. 271.38 crore in Q2, which is an increase of 11% Q-on-Q and 24% YoY basis. All the business segments except E&T contributed to the growth….
The American subsidiary of the company that is CMC Americas grew 6% Q-on-Q and 55% YoY in dollar terms. CMC Americas first onsite delivery center that we shared with all of you in the last quarter, which became operational on 1st of April is stabilized and became a growth driver for onsite business in America for us.
CMC had a consolidated operating profit that is EBITDA in Q2 at Rs.52.95 crore, which grew marginally by 0.3% Q-on-Q, but a good 35% YoY, giving an EBITDA margin of 19.5%. EBITDA of Q2 is after absorbing the impact of increase in the manpower cost by about Rs.8 crore on account of annual salary increases and net addition of 620 people in this quarter, which included 332 freshers hired from campus, who were in training during the quarter.
Company earned a consolidated profit after tax of Rs.43.62 crore, which is an increase of 26% YoY. PAT margin in this quarter was 15.97% that is about 16%, compared to 18.7% that we had in Q1. …..
Company added 23 new clients during the quarter.
The company added 11 new clients in India in the space of financial services, banking, insurance, manufacturing, education and transportation.
…..At the end of the quarter, we have total manpower strength of 6575….
in this quarter …. We had capital expenditure of Rs.24 crore and we had a loan repayment in America of about Rs. 5 crore…..
ANNOUNCEMENTS
TO THE EXCHANGE
11-10-2010 CMC Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 27138.49 lacs for quarter ending on 30-SEP-2010 against Rs. 24381.36 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 4362.73 lacs for the quarter ending on 30-SEP-2010 against Rs. 4644.56 lacs for the quarter ending on 30-JUN-2010. -
11-10-2010 CMC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 19929.45 lacs for quarter ending on 30-SEP-2010 against Rs. 17806.07 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 3703.84 lacs for the quarter ending on 30-SEP-2010 against Rs. 4079.96 lacs for the quarter ending on 30-JUN-2010.
12-07-2010 CMC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 17806.07 lacs for quarter ending on 30-JUN-2010 against Rs. 17539.33 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 4079.96 lacs for the quarter ending on 30-JUN-2010 against Rs. 3922.2 lacs for the quarter ending on 31-MAR-2010. -
12-07-2010 CMC Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 24381.36 lacs for quarter ending on 30-JUN-2010 against Rs. 23010.61 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 4644.56 lacs for the quarter ending on 30-JUN-2010 against Rs. 4430.35 lacs for the quarter ending on 31-MAR-2010.
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