CMC
LIMITED
RESULTS
FOR Q3 FY 2012-13
Q3
Revenue Growth of 8% q-o-q;
Net
Profit Growth of 24% q-o-q
Highlights
• Operating revenue at
Rs. 492.69 crore - growth of 8% q-o-q and 24% y-o-y.
• EBITDA at Rs. 82.88 crore – Growth of 9%
q-o-q and 38% y-o-y.
• PAT at Rs. 61.06 crore – Growth of 24%
q-o-q and 48% y-o-y.
NON-CONSOLIDATED
& (& CONSOLIDATED RESULTS)
Net sales amount
to Rs.261.55 cr – compared to Rs.260.52 cr in previous Qtr; and Rs.254.09 Cr in
Q3 FY 12. (Consolidated figures :492.97 cr; Rs.458.64 Cr ; Rs.396.17 cr; Annual
:Rs.1469.34 cr)
Total
expenses amounts to Rs.210.71 cr; against rs.
210.24 cr in previous qtr and Rs.214.79 cr in Q3 FY 12. (Consolidated figures :
Rs.415.17 Cr; Rs.387.64Cr; Rs. 341.64 Cr; Rs. 1266.39 Cr)
Profit
from Operations amounts to Rs.51.13 cr; against
Rs.50.66 cr in Previous qtr and Rs.35.63 cr in Q3 FY 12. ( Consolidated figures
:Rs.77.80 Cr; Rs.71 Cr; Rs.54.53 Cr; Rs.202.95 Cr).
Profit
before tax amounts to Rs.53.4 cr; against Rs.79.4
Cr in previous Qtr; and Rs.43.55 cr in Q3 FY 12. ( Consolidated : Rs. 80.06 Cr;
Rs.72.14 Cr; Rs.58.46 Cr; Rs.220.4 Cr)
Net
Profit stands at Rs.43.92 Cr; against
Rs.64.76 cr in previous qtr and Rs.32.67 cr in Q3 FY 12. (Consolidated : Rs. 61.06
Cr: Rs.49.4 Cr; Rs.41.37 Cr; Rs.151.81 Cr)
Paid up
Equity is Rs.30.3 cr,
Reserves as at 31.3.2012 was Rs.665.52 cr.
EPS stands at Rs.14.50; against Rs.21.37
in previous qtr and Rs.10.78 in Q3 FY 12; The 9 m/e FY 13 EPS is Rs.50.26;
against Rs.36.3 in 9 m/e Dec,2012.Annual EPS for FY 12 was Rs.47.3)
Consoldiated
EPS : Rs. 20.15 (Q3 FY13); Rs.16.30 (Q2 FY
13); Rs.13.65 (Q3 FY 12) ; For 9 me FY 13 : Rs. 55.74; For 9 me FY 12 :Rs.35.93;
For FY12 total Rs. 50.10;
Consolidated
results comprise consolidation of the financial
results of CMC Limited and the consolidated results of its wholly owned
subsidiary CMC Americas,Inc. and its subsidiary CMC eBiz, Inc. (referred to as
'the Group' )
Other
Income for the quarter ended 30 September,
2012 and nine month period ended 31 December, 2012 includes Rs 2760 .00 lakhs
and other income for the nine month period ended 31 December, 2011 includes Rs.
2693.90 lakhs pertaining to dividend received from its wholly owned subsidiary
CMC Americas, Inc.
• Broad based growth in
India and international markets; International business share at 68.3% during
Q3.
• Services Business share at
94.3% in Q3
• 26 new clients addition
during the quarter across geographies
: CMC Limited announced consolidated
Operating revenue of Rs. 492.69 crore in quarter ending
December 31, 2012, which represents 24% growth over the corresponding period last
year. The company earned profit after tax of
Rs. 61.06 crore, representing growth of 48% year on year.
On a cumulative basis the
Company earned operating revenue of
Rs. 1403.22 crore in the first nine months of current financial year, resulting
in growth of 33% over corresponding period last year.
“The Company has maintained its growth
momentum led by Systems Integration and IT enabled Services. We continue to see
good traction for our offerings across all business segments and geographies”
said R. Ramanan, CEO and MD.
“The Company added 26 clients across geographies” he added.
Ramanan also informed that the Company
had net addition of 473 employees
during the quarter taking
the total employee count to 11,224.
“The Company was able to improve
EBITDA margin by over 160 basis points year-on-year through improved business
mix and operational efficiencies” said JK Gupta, CFO.
“Increased offshore business from SEZ
enabled improvement of PAT margin by 200 basis points year on year” he added
Awards
& Certifications:
• CMC Ltd. received the Best Business
Process Excellence Program award at the Global Awards for Excellence in Quality
Management and Leadership. The award was presented at the World Quality
Congress held on November 22nd at Mumbai.
• The Intelligent Transport System
(ITS), designed and implemented by CMC Ltd, for KSRTC in Mysore, Karnataka has
won the CSI award for Excellence in IT 2012 , in the category: Transport - Air,
Rail & Road -- Products, Designs & Solutions category. The award was
presented at the 47th Annual Convention of CSI held on December 1, 2012 at
Science City,Kolkata by Shri Ajit Singh, Union Minister for Civil Aviation,
Government of India.
• CMC Ltd. has won the “Best of Breed
HR Practices-2012” at an award ceremony held on Friday 30th November 2012, at
Hyderabad. The award was presented to CMC team by Shri Ponnala Lakshmaiah,
minister for information technology and communications-Andhra Pradesh and S Y Siddiqui,
President, National HRD Network.
About
CMC Limited
Incorporated in 1975, CMC is a pioneer
Information Technology solutions provider in India and is a subsidiary of Tata
Consultancy Services Limited, Asia’s largest software Company. Operating out of
18 offices and 180 service locations in the country, CMC employs over 11,000
people and has a wholly owned subsidiary in USA called CMC Americas, Inc.
CMC’s vision is to operate globally
and bring the benefit of Information Technology to improve the productivity of
its customers and the quality of its customer’s products and services. CMC
combines horizontal expertise in Information Technology with its vertical
experience developed by working in a wide range of Industries.
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