CMC has announced an increase of 31% over 2011-12 with a consolidated operating revenue of Rs.1,926 crore for the year ended 31st March, 2013. The company has also earned Profit After tax (PAT) of Rs. 230 crore, showing an increase of 52% over 2011-12.
The Board of Directors of CMC have proposed enhancement in dividend to Rs.17.50 per share. The company added 80 clients during the year.
R. Ramanan, CEO & MD, CMC, said, “We are pleased with the all-round growth in the company performance in spite of the challenging market conditions. The growth has been broad based with all business segments contributing to growth. The company’s software solutions found increased acceptance in new geographies, particularly Middle East and Africa.”
J. K. Gupta, CFO, CMC, said that the improved business mix and operating cost efficiencies have enabled the company to expand its operating margin by 124 basis points in 2012-13.
For the quarter ended 31st March, 2013, the company earned Consolidated Operating Revenue of Rs.523 crore, an increase of 6% q-o-q and 28% y-o-y. The Operating Profit (EBITDA) and Profit After Tax (PAT) on a consolidated basis was Rs.81 crore and Rs.61 crore, respectively during the quarter ended 31st March, 2013.
CMC has also earned numbers of awards and recognitions during the quarter January-March 2013.The company was honoured with two awards at the Global CSR Excellence and Leadership Awards. The Institute of Company Secretaries of India (ICSI) recognized CMC as one of the top seven companies in India for consistently fostering Excellent Corporate Governance practices for the third consecutive year. CMC has been assessed at CMMI Level 5 for Software Development and Services, version 1.3.
