Geometric Announces Financial Results
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Geometric Announces Financial Results

Geometric declares revenue of INR 2,752.8 Mn

Y-o-y increase of 9.7%

 

MUMBAI, India, February 03, 2014: Geometric Ltd. (BSE: 532312, NSE: GEOMETRIC) announced its Q3 financial results for FY 2013 - 2014 at the board meeting held today.

Highlights for the quarter ended December 31, 2014 (Q3 FY14)

The Company declared consolidated revenues of USD 44.4 Mn for Q3FY14, compared to USD 46.26 Mn in Q2FY14 and USD 46.31 Mn in Q3FY13. This softening in revenues accompanied by a FOREX loss due to forward covers and subsidiary revaluations, had an impact on the margins of the Company. The Profit after Tax (PAT) stood at INR 75.27 Mn, as against 165.66 MN and 190.96 Mn in the previous quarter and the corresponding quarter last year respectively.

Mr. Manu Parpia, Managing Director & CEO, Geometric Limited said, “As anticipated, the unfortunate effect of the holiday period, combined with a decline in revenues from a large US based customer had a adverse impact on us this quarter. I am pleased to confirm that going forward we will resume our path to growth. We see a revival in demand and have seen an increase in pipeline for the second successive quarter.”

 

Key wins and additional business highlights for Q3 FY14

During the quarter, the company signed new deals worth USD 9.25 Mn including:

 

Other important business highlights for the quarter include:

About Geometric

Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services, Product Lifecycle Management (PLM) solutions, Embedded System solutions, and Digital Technology solutions enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.

Listed on the Bombay and National stock exchanges in India, the company recorded consolidated revenues of Rupees 10.20 billion (US Dollars 187.57 million) for the year ended March 2013. It employs about 4500 people across 13 global delivery locations in the US, the UK, France, Germany, Romania, India, and China. Geometric was assessed as CMMI 1.1 Level 5 for its software services and is ISO 9001:2008 certified for engineering operations. The company’s operations are also ISO 27001:2005 certified.

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For more information, please contact:

Kavita Karnani  |  +91.20.40284496  |  Email Contact

 

 

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