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CMC reports 51% rise in Q2 Consolidated net profit

16 Oct 2012 Evaluate

CMC has reported results for second quarter ended September 30, 2012.

On Standalone basis, the company has posted a rise of 26.54% in its net profit at Rs 64.75 crore for the quarter ended September 30, 2012 as compared to Rs 51.17 crore for the same quarter in the previous year. Total income has increased by 11.19% at Rs 260.90 crore for quarter under review as compared to Rs 234.65 crore for the quarter ended September 30, 2011.

On Consolidated basis, the company has posted a rise of 51.41% in its net profit at Rs 49.39 crore for the quarter ended September 30, 2012 as compared to Rs 32.62 crore for the same quarter in the previous year. Total income has increased by 28.22% at Rs 458.64 crore for quarter under review as compared to Rs 357.69 crore for the quarter ended September 30, 2011.

CMC is a Tata group firm and subsidiary of the country's top software company TCS. The company operates in four strategic business units namely customer services (CS), Systems Integration (SI), IT enabled Services (ITES) and Education and Training (E&T). The company has pan-India presence that caters to various sectors such as the railways, banks, government entities and other organisations with countrywide operations.

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