CIMdata PLM Industry Summary Online Archive

23 July 2012

Financial News

Geometric Declares Revenues of Over Rs. 2600 Mn

GeometricLimited Ltd. announced its Q1 financial results for FY 2012-2013 at the board meeting held today.

Highlights for the quarter ended June 30, 2012 (Q1 FY13)

  • The USD revenues of the company rose to USD 47.8 Mn, an increase of 6.4% from Q4FY12 revenues of USD 44.92 Mn and of 23.9% from Q1FY12 revenues of USD 38.59 Mn In Rupee terms, the company’s consolidated revenues increased 16% and 51 % from Q4FY12 revenues of Rs. 2249.30 and Q1FY12 revenues of Rs. 1726.89 Mn respectively to Rs. 2608.07 Mn this quarter, due to the favorable movement of the Rupee
  • The company’s operating profits more than doubled to Rs. 444.18 Mn from Rs. 199.25 last quarter, and were more than four times the Q1FY12 profits of Rs. 99.76 Mn
  • PAT stood at Rs. 206.60 Mn as against Rs. 127.69 Mn in the previous quarter and Rs. 117.41 Mn in the same quarter last year, a rise of 61.80% q-o-q and 76% y-o-y
  • Improvements in contribution margin (in constant currency terms) from 32.7% in Q4FY12 to 36% in the current quarter
  • Management consulting fees of over Rs. 85 Mn were also accounted for this quarter, and the final installment of these fees will be paid in Q2FY13
  • Positive impact due to subsidiary revaluation caused by exchange rate volatility was approximately Rs. 95 Mn
  • Signed new deals worth USD 10.34 Mn
  • EPS of Rs 3.3, as against Rs.2.04 in Q4FY12

Mr. Manu Parpia, Managing Director & CEO, Geometric Limited said, “We continue to see reasonable demand for our services and solutions, in spite of uncertain economic conditions. I believe our efforts over the last 12 months have had a positive impact on our Contribution Margin. We were able to improve these despite salary raises in line with the market in our Indian operations.”

The company had a total employee strength of over 4600 employees as of June 30, 2012, including its subsidiaries.

Key wins and additional business highlights for Q1 FY13
The company added 6 new customers during Q1, and signed some significant deals this quarter including:

  • Should costing services engagement with the construction equipment division of European offhighway OEM
  • Design engineering services to a global leader in air filtration systems Digital Manufacturing project with an industrial robotics major to support BIW cells for leading automotive OEMs in USA and South America
  • Expansion of an engagement with an American agricultural equipment company to support their product engineering needs in Germany
  • PLM application migration and upgrade project with a Swedish manufacturer of industrial equipment
  • PLM application management services for an Indian automotive major Application maintenance and support project with an oil and gas technology equipment manufacturing and services company
  • Multiple product development and services engagements with a leading PLM ISV
  • PLM implementation project for an electrical systems and services provider for the transport industry in North America Other important business highlights for the quarter include:

Other important business highlights for the quarter include:

  • Strategic alliance with DIPRO, a leading provider of solution and services for CAD/CAM/CAE and BOM/PDM, to jointly tap the Japanese market and create an offshore COE
  • Partner with Anark Corp. to launch a new 3D Model Based Enterprise (MBE) authoring and viewing solution, Anark Core™ MBEWeb™
  • Established a new delivery facility in an SEZ in Pune
  • Formed a consulting group to bring in a solution-based approach in all customer engagements and suggest unique architectures and solutions to meet customer objectives
  • Launched a new Nesting module for its leading CAM software, CAMWorks®
  • Released DFMPro® version 3.2 for PTC® Creo® design software with configurable assembly checks for clearance and interference

 

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