CMC LTD
Q3 FY 11 RESULTS
STAND ALONE RESULTS= Q/E DEC,2010
NET SALES are Rs.203 cr – up by 1.88% from Q2; up by 14.03% from Q1; up by 15.77% from Q4 FY10; up by 22.88% from Q3 FY10.
PROFT FROM OPERATIONS is Rs.39 Cr – up by 0.47% from Q2; Down by 7.76% from Q1; Down by 4.99% from Q4 FY10; Up by 11.37% from Q3 FY10.
NET PROFIT is Rs.39 Cr – up by 6.28% from Q2; Down by 3.52% from Q1; Up by 0.36% from Q4 FY10; Up by 22.12% from Q3 FY10;
BASIC EPS is : Rs.25.98 – against Rs.24.45; Rs.26.93; Rs.25.89; and Rs.21.28 in the previous 4 Qtrs – against a Face Value of Rs.10.
PE RATIO : At this pace, the stand alone annual EPS will be around 103.4. Current Market Price is Rs.2445. Thus, PE Ratio comes to : 23.65 based on the stand alone results.
CONSOLIDATED BASIS :
The consolidated Operating Revenue is Rs. 272.64 crore in quarter ending December 31, 2010, which represents 29% growth over the corresponding period last year. The company earned profit after tax of Rs. 45.37 crore, representing 25% growth over corresponding period last year.
On a cumulative basis the Company earned operating revenue of Rs. 787.84 crore in first nine months of current financial year, resulting in growth of 23% over corresponding period last year. The profit after tax grew at a healthy rate of 37% to Rs. 135.44 crore in the similar period, helping expansion in net margin by 180 basis points.
The company has added 1140 employees during the current year buoyed by the
growth in business.
“All geographies contributed to growth in quarter ended December 31, 2010, with domestic business growing 23% and international business by 35% over the corresponding period last year” said R Ramanan, CEO and MD. “The company added 24 clients in this quarter” he added.
At this Rate, the annualized consolidated EPS will be around Rs.121 (30.66+28.8+29.95 for 3 qtrs). Based on this, the PE Ratio works out to 20.21.
STAND ALONE RESULT IN FIGURES:
| C M C | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 | 31-Dec-09 |
| Net Sales | 20304.73 | 19929.45 | 17806.07 | 17539.33 | 16524.09 |
| DIF %1 | 203 | 1.88 | 14.03 | 15.77 | 22.88 |
| Other Opertng Income | 145.41 | -32.85 | 133.36 | 413.92 | 73.04 |
| Raw Materials | 3333.83 | 3100.05 | 1939.62 | 1906.13 | 2186.79 |
| Employees Cost | 7150.89 | 6962.11 | 6157.09 | 5748.43 | 5816.39 |
| Depreciation | 265.19 | 234.21 | 216.82 | 306.43 | 229.13 |
| Other Expenditure | 5753.46 | 5671.92 | 5346.95 | 5838.24 | 4820.83 |
| Total Expenditure | 16503.37 | 15968.29 | 13660.48 | 13799.23 | 13053.14 |
| Profit from Operations | 3946.77 | 3928.31 | 4278.95 | 4154.02 | 3543.99 |
| DIF %2 | 39 | 0.47 | -7.76 | -4.99 | 11.37 |
| Other Income | 416.16 | 210.59 | 264.38 | 221.88 | 208.01 |
| Interest | -2.41 | -2.85 | -1.43 | 14.42 | 84.8 |
| Profit before tax | 4365.34 | 4141.75 | 4544.76 | 4361.48 | 3667.2 |
| Tax expense | 429 | 437.91 | 464.8 | 439.28 | 443.9 |
| Net Profit | 3936.34 | 3703.84 | 4079.96 | 3922.2 | 3223.3 |
| DIF %3 | 39 | 6.28 | -3.52 | 0.36 | 22.12 |
| Dividend (%) | - | - | - | 200 | - |
| Face Value. Rs | 10 | 10 | 10 | 10 | 10 |
| Paid Up Equity | 1515 | 1515 | 1515 | 1515 | 1515 |
| Basic EPS | 25.98 | 24.45 | 26.93 | 25.89 | 21.28 |
| Public holding (%) | 48.88 | 48.88 | 48.88 | 48.88 | 48.88 |
ANNOUNCEMENTS
TO THE EXCHANGE
13-01-2011 CMC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 20304.73 lacs for quarter ending on 31-DEC-2010 against Rs. 19929.45 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 3936.34 lacs for the quarter ending on 31-DEC-2010 against Rs. 3703.84 lacs for the quarter ending on 30-SEP-2010.
28-10-2010 CMC has informed the Exchange regarding a press release dated October 28, 2010, titled "CMC Ltd awarded the Oracle Partner of the Year in the Independent Software Vendor category".
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