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CMC Analystmeet 2003 Q2

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CMC Analystmeet 2003 Q2

  1. 1. Analyst Presentation Half Year Ended September, 2003 Mumbai; 21st October, 2003 Your IT Partner 1
  2. 2. Highlights of Performance – HYE September, 2003 • Total Revenue in H1 up 47% at Rs. 343 crores compared with 234 crs in last year. Consolidated Revenue at Rs. 365 crs. • Profit before tax up 36% at Rs. 24.3 crs.; Consolidated PBT at Rs. 23.4 crs. • Total Revenue for Q2 at Rs. 184 crs. up 35% y-o-y and 15 % q-o-q • PBT for Q2 at Rs. 12.5 crs. up 49% y-o-y and 7 % q-o-q. • Revenue Growth driven by CS and Indonet – CS up by 98%; Indonet up by 86%. • International Revenues growth at 9%. • Debtors days fall further to 89 days. • PAT per person month up by 28% 2 CMC Limited
  3. 3. H1 Financial Performance PAT Total Revenue PBDIT (Rs Crore) (Rs Crore) (Rs Crore) 400.0 35 18.0 37% 27% 16.6 47% 343.2 30.0 16.0 350.0 30 14.0 13.0 300.0 25 12.0 21.9 250.0 234.0 20 10.0 200.0 8.0 15 150.0 6.0 10 100.0 4.0 5 50.0 2.0 0.0 0 0.0 FY 03 FY 04 FY 03 FY 04 FY 03 FY 04 Strong Volume growth neutralized the impact of pressure on margins in tough market conditions 3 CMC Limited
  4. 4. H1 Financial Performance - Productivity NVA Per Person Month NVA/Employee Cost PAT Per Person Month (‘000 Rs) (‘000 Rs) (Times) 28% 13% 72 2.5 9 5% 8.5 71.2 2.5 2.43 8 71 2.4 7 6.6 2.4 70 6 2.3 69 5 2.3 2.2 4 68 67.7 2.14 2.2 3 67 2.1 2 2.1 66 1 2.0 65 2.0 0 FY 03 FY 04 FY 03 FY 04 FY 03 FY 04 Focus on improved manpower utilization to reduce costs and increase profits 4 CMC Limited
  5. 5. Summary Financial Performance – HYE Sept, 2003 Q2 Variation HYE Sept Variation Consolidated (Rs. Crores) 03-04 02-03 03-04 02-03 Q2 H1 Actual Actual (%) Actual Actual (%) Domestic - Cust. Service 116.0 63.8 82% 215.3 108.9 98% 116.0 215.3 - Sys. Integration 22.2 27.6 -19% 37.1 46.3 -20% 22.2 37.1 - Indonet 6.5 5.1 26% 17.5 9.4 86% 6.5 17.5 - Edu. & Trg. 4.7 7.5 -37% 8.0 13.3 -40% 4.7 8.0 International 29.9 31.3 -4% 59.1 54.2 9% 39.3 80.8 Other Incomes 4.6 0.9 414% 6.2 1.9 226% 4.6 6.2 Total Revenue 183.9 136.2 35% 343.2 234.0 47% 193.3 364.8 Less: - Direct Exp. - Material Cost 99.4 48.4 105% 178.0 75.2 137% 99.4 178.0 - Living exp. 13.0 13.8 -6% 25.8 25.1 3% 7.0 13.1 - Manpower Cost 28.3 34.0 -17% 57.4 62.5 -8% 39.6 81.2 - Other Expenses 27.6 29.6 -7% 51.9 49.3 5% 32.9 63.1 - Total Expenses 168.3 125.8 34% 313.1 212.1 48% 178.9 335.4 PBDIT 15.6 10.4 50% 30.0 21.9 37% 14.4 29.4 Less: Interest 0.9 0.3 197% 1.7 0.4 330% 0.9 1.7 : Depreciation 2.2 1.7 30% 4.1 3.7 10% 2.3 4.4 Profit Before Tax 12.5 8.4 49% 24.3 17.8 36% 11.2 23.4 Less: Income Tax 4.1 2.0 101% 7.7 4.8 61% 4.5 8.1 Profit After Tax 8.4 6.4 32% 16.6 13.0 27% 6.7 15.3 5 CMC Limited
  6. 6. H1 Financial Performance: Segmental Revenue(1) FY03 FY04 20% Customer Services 4% 11% System Integration 6% 5% Indonet 63% 2% Educational Training International 46% Others 23% 17% 2% 1% Growth driven by CS and Indonet business (1) Standalone financials 6 CMC Limited
  7. 7. 7 CMC Limited

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