Geometric Ltd. announced its second quarter financial results for FY 2016-2017 at the board meeting held today.
Highlights for the quarter ended September 30, 2016 (Q2 FY17 – IND AS)
- Total revenues in USD terms rose 5.1% Q-o-Q and 4.9% Y-o-Y to USD 36.88 Mn in Q2 FY17 compared to USD 35.11 Mn in Q1FY17 and USD 35.15 Mn in Q2 FY16
- Consolidated net profit after tax at INR 396.15 Mn for the quarter, as against INR 276.20 Mn for the previous quarter and INR 217.60 Mn for the same quarter last year
- Signed new deals worth USD 15.05 Mn
- Annualized attrition for the quarter at 13.7%
- Consolidated EPS for the quarter at INR 6.07
- Added one new customer in the Quarter
Under Indian GAAP, the Company declared operating revenues of INR 3,437.18 Mn for the quarter, a growth of 3.3% when compared to revenues of INR 3,328.81 Mn in the previous quarter and a growth of 11.5% when compared to revenues of INR 3,083.52 Mn in the corresponding quarter last year. Q-o-Q Company’s EBITDA margin grew to 22.9% in Q2 FY17 as against 18.6% in Q1FY17 and 17.3% in Q2 FY16.
Mr. Manu Parpia, Managing Director & CEO said, “As the results show, we have been successful not only in increasing our revenues, but also in sustaining the efficiencies we achieved over the last few quarters. Our revenues increased despite a sharp slow down in one of our verticals as other verticals could more than compensate.”
