CMC delivers 11 percent growth QoQ in revenues

style="font-size: 11pt;" size="2">CMC
announced consolidated operating revenue of Rs 271.38 crore in
quarter ending September 30, 2010, which represents 11 percent growth
over previous quarter. The revenue growth is broad-based with
domestic business growing by 16 percent and international business by
8 percent. All the business segments contributed to growth.

style="font-size: 11pt;" size="2">The
Company added 23 clients in Americas and 11 in India. The company
earned an operating profit (EBITDA) of Rs 52.95 crore and profit
after tax (PAT) of Rs 43.62 crore during the quarter. The company
absorbed increased employee cost of Rs eight crore on account of
annual increments and a net addition of 620 employees.

“ style="font-size: 11pt;" size="2">We
are very happy with our consistent growth in all geographies and
segments,” said style="font-size: 11pt;" size="2">R
Ramanan, CEO and MD, CMC.