Geometric Ltd. announced its Q4 and annual results for FY 2014-2015 at the board meeting held today.
Highlights for financial year ended March 31, 2015 (FY15)
The Company’s consolidated revenues rose 0.9% to INR 11,053.01 Mn from INR 10,954.52 Mn last year
Dollar revenues stood at USD 180.61 Mn compared to USD 181.39 Mn in previous financial year
The Profit after Tax for the year stood at INR 551.63 Mn as against INR 462.43 Mn for FY14
EPS of INR 8.62 for the year as against INR 7.31 in FY14, an 18% YoY Increase
Recommended dividend of INR 2.50 on face value of INR 2 per share, by the Board of Directors
Highlights for the quarter ended March 31, 2015 (Q4 FY15)
The Company recorded operating revenues of INR 2,679.00 Mn, as against revenues of INR 2,888.89 Mn in the previous quarter, and INR 2,733.62 Mn in the corresponding quarter last year
Revenue of Geometric (excluding its joint venture company, 3DPLM), was at INR 1,965.63 Mn, as against INR 2,154.22 Mn in Q3FY14 and INR 2,001.03 Mn in Q4FY13
Signed new deals worth USD 9.40 Mn
In USD terms, the Company declared operating revenues of USD 42.92 Mn for the quarter ended March 31, 2015 compared to revenues of USD 46.60 Mn in the last quarter, and USD 44.29 Mn in Q4FY14. Decline in revenues from Q3’15 to Q4’15 is attributable mainly to sharp decline in Euro & reversal of revenues on account of issues arising from ERP switch over as well as other factors including delays in projects starting. In addition, the Aerospace unit also saw a dip in QoQ revenues since the unit had a significant one time software license revenue in Q3’15.
The Company closed the quarter with profit after tax (after extraordinary items) of INR 32.92 Mn as against profits of INR 163.75 Mn in the previous quarter and INR 67.35 in the same quarter last year. The EPS for the quarter stood at INR 0.51. The profits were impacted by both fall in revenue and unusual items in G&A expenses.
Mr. Manu Parpia, Managing Director & CEO said, “The quarter does represent a set back in our progress. Nonetheless we believe we will return to revenue growth on the back of our wins and our pipeline. We will also start seeing the impact of revenues from commencement of 3DGS operations.”
The company had total employee strength of over 4800 employees as of March 31, 2015, including its subsidiaries.
