CMC Ltd

Post the Infosys Q3 numbers, expectations were high that CMC would also post very good numbers and it did not disappoint. For Q3FY13, consolidated Operating revenue was at Rs.493 crore, up 24% on a YoY. Sequentially, the rise was 8%. EBIDTA was at Rs.83 crore, up 38% on a YoY and 9% on a QoQ. The company earned profit after tax of Rs.61 crore, up 48% (YoY) and a healthy 24% on QoQ. Increased offshore business from SEZ enabled improvement in the overall numbers. CMC America’s revenue grew by 11% sequentially and currently, 67% of its revenues came in from the international markets.

In terms of segmental revenue, customer service on a YoY actually fell 16%, systems integration rose the sharpest, up 39%, IT enabled services rose 34%, education and training was actually down 7% and SEZ showed the sharpest rise at 90%. The company added 26 clients across geographies and added 473 employees during the quarter, taking the total employee count to 11,224.  The company is sure to have a great FY13 as its net profit for 9MFY13 was at Rs.169 crore, as against Rs.152 crore for FY12.