CMC Q3 PAT up 16% yoy at Rs 70.54 cr

Moneycontrol Bureau

IT solutions provider CMC Limited’s Q3 consolidated operating revenues grew by 14 percent to Rs 560.93 crore and the profit after tax was up 16 percent on a y-o-y basis at Rs 70.54 crore.

The company’s cumulative operating revenues (for the first 9 months) have grown 15 percent to Rs 1607.72 as against the corresponding period last year.

"The revenue growth in this quarter has been in line with our expectation, considering that traditionally Q3 is not a growth quarter in the international markets,” said the company CEO & MD R Ramanan.