CMC Ltd., a subsidiary of Tata Consultancy Services (TCS) Ltd. earned consolidated Profit after Tax (PAT) of Rs. 58.43 crore, an increase of 36% q-o-q and 68% y-o-y. PAT margin at 12.76% compared to 10.32% in the last quarter and 11.32% in Q1 of last year.
The Company earned highest quarterly revenue - Consolidated Operating revenue in Q1 at Rs. 452.28 crore, an increase of 11% q-o-q and 48% y-o-y. Broad based growth with all business segments contributing to growth.
American Subsidiary, CMC Americas Inc grew 8% q-o-q and 40% y-o-y in Dollar terms.
The Company earned Consolidated Operating Profit (EBITDA) of Rs. 75.24 crore in Q1, an increase of 27% q-o-q and 50% y-o-y; EBITDA margin improved to 16.64% compared to 14.45% in the last quarter.
Average effective tax rate of 22.6% compared to 28.1% in the previous quarter and 29.6% in Q1 of last year due to ramp up of SEZ operations.
Total client addition of 20 during the quarter:
Other income at Rs. 5.70 crore include income from mutual fund investments at Rs. 5.26 crore.
Cash and Cash equivalent of Rs. 236 crore, an increase of Rs. 26 crore
during the quarter.