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  • CMC Revenue Grows 24%; Net Profit Growth of 25% in FY

    Published on April 18, 2011

    New Delhi: The Board of Directors of CMC Limited has proposed bonus share in the ratio of one share for every one share held.The company announces dividend of Rs. 20 per share.

    The Company announced an Operating Revenue of Rs. 1080.53 crore for the year ended 31st March, 2011, an increase of 24% over 2009-10. The Company earned Operating Profit (EBITDA) of Rs. 206.84 crore, an increase of 28% over 2009-10.

    Operating margins increased by 57 basis points over the previous year. The Company’s Profit after Tax grew by 25% from Rs. 143.23 crore to Rs. 179.41 crore.

    In this year of growth, the Company added 80 clients. The Company also added 1845 associates taking its employee count to 7396 as on 31st March, 2011.
    “We are very happy with the growth momentum, with all the SBUs performing better in both Domestic and International markets. The Company’s first state of art SEZ unit at Hyderabad will become operational in April, 2011 enhancing its capability to service international clients”, said R Ramanan, CEO and MD.

    “The Company expanded its operating margins driven by the improvement in the business mix and cost management. Share of Services business increased from 88.2% to 90.5% during the year. The Company increased cash and cash equivalent to Rs. 283 crore at the end of the year, after funding capital expenditure of Rs. 100 crore from internal resources”, said J K Gupta, Chief Financial Officer.

    For the quarter ended March 2011, the Company earned consolidated operating revenue of Rs. 292.69 crore, an increase of 7% q-o-q and 27% y-o-y. The operating profit (EBITDA) and Profit after Tax (PAT) on a consolidated basis were Rs. 50.72 crore and Rs. 43.97 crore respectively during ended March, 2011.