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In a settlement order issued on January 1, the Securities and Exchange Board of India (SEBI) said that the regulator had conducted an examination into Manu M Parpia's term following a report issued by Stakeholders Empowerment Services (SES).
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Geometric Limited has posted strong operational performance in Q3. In an interview to CNBC-TV18 Manu Parpia, MD & CEO, Geometric will continue to see some growth going forward into Q4.
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Manu Parpia, MD & CEO of Geometric said that its two verticals automotive and aerospace have done well along with tech solutions.
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In an interview to CNBC-TV18, Manu Parpia, MD & CEO of Geometric spoke about the results and his outlook for the company.
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January delays accounted for USD 1 million, which the company would not be able to recover but there will be a likely rebound in Q1, says Manu Parpia, Managing Director & CEO, Geometric.
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The deal is complementary in terms of clients and skill-set, said Manu Parpia, Founder & CEO, Geometric.
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At the current price, the payout wil be around USD 200 million, which means an enterprise value of 1 times Geometric's FY15 sales of USD 180 million. As per the swap ratio 43 Geometric shares will fetch 10 shares of HCL.
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Manu Parpia, MD & CEO, Geometric says the company will see modest increase in revenue over the next two quarters.
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Manu Parpia, MD & CEO of Geometric does not “expect dramatic improvement in Q3 margins.â€
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Geometric announced a weak set of Q4 earnings with profit after tax falling 80 percent to Rs 3.2 crore versus Rs 16.36 crore from a quarter ago period. In an interview to CNBC-TV18, Manu Parpia, MD and CEO of the company discussed the earnings and the road ahead.
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Manu Parpia, MD and CEO of Geometric says the company saw constant currency growth at 4 percent in the third quarter. He expects Geometric's standalone business to grow in high single-digits in FY15.
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Geometric's third quarter consolidated net profit increased marginally to Rs 16.4 crore from Rs 16.3 crore in previous quarter, impacted by weak operational performance.
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Discussing the earnings details, Manu Parpia, Managing Director & CEO, Geometric, said one vertical got impacted due to a delay in contracts, however he expects the second half of the financial year to be better than H1.
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Going forward the company will resume on its growth path in fourth quarter on back of sizeable improvement in deal pipeline over the last two quarters said Manu Parpia, MD & CEO of Geometric.
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Speaking to CNBC-TV18, Manu Parpia, MD & CEO, Goemetric says the company‘s order pipeline remains robust, despite seeing a slowdown. He expects margins to improve hereon and growth to get back fourth quarter onwards.
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Manu Parpia refuses Godrej group's exit from Geometric, where the former has a 29.8 percent stake in the latter.
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Speaking to CNBC-TV18, Manu Parpia, managing director and chief executive officer, Geometric says that the company is getting deals from a diverse set of geographies and though the Q2 and Q3 performance is a little uncertain, the company will see strong growth on the back of new opportunities.
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The company‘s first quarter consolidated net profit grew by 38.7 percent (down 25.5 percent year-on-year) quarter-on-quarter to Rs 15.4 crore.
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Mumbai-based software services provider Geometric Ltd on Monday (April 29) posted its fourth quarter numbers. Its consolidated net profit stood at of Rs11.1 crore, down 13.1 percent from a year ago.
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Geometric has announced its fourth quarter results. The company's Q4 consolidated net profit was down 42 percent at Rs 11 crore versus Rs 19 crore, quarter-on-quarter.
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In an interview to CNBC-TV18, Manu Parpia, managing director and chief executive office, Geometric, gives his views on the company's Q3 performance.
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Manu Parpia, MD & CEO of Geometric said the decline in one key customer led to slower growth in the second quarter.
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Manu Parpia, MD & CEO, Geometric, says that structural changes and some payment provisioning has lead to the improvement in margins. We expect our margins to improve because of the efforts that we have put in.
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Product Lifecycle Management provider Geometric today said it has formed a Centre of Excellence with DIPRO to provide a suite of services to the latter's Japanese customers.
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Geometric Ltd is looking at good growth coming in from industrials in Europe and Asia, said the company's MD and CEO Manu Parpia.
