OREANDA-NEWS. CMC announced consolidated operating revenue of Rs1,926 crore for the year ended March 31, 2013, an increase of 31 percent over 2011-12. The company earned profit after tax (PAT) of Rs230 crore, an increase of 52 percent over 2011-12.

Encouraged by all-round improvement in financial performance, the board of directors of CMC proposed enhancement in dividend to Rs17.50 per share. The company added 80 clients during the year.

"We are pleased with all-round growth in the company performance in spite of challenging market conditions. The growth has been broad based with all business segments contributing to growth," said R Ramanan, CEO and MD. The company’s software solutions found increased acceptance in new geographies, particularly Middle East and Africa, he added.

Improved business mix and operating cost efficiencies enabled the company to expand its operating margin by 124 basis points in 2012-13, said JK Gupta, CFO.

For the quarter ended March 31, 2013, the company earned consolidated operating revenue of Rs523 crore, an increase of 6 percent q-o-q and 28 percent y-o-y. The operating profit (EBITDA) and PAT on a consolidated basis was Rs81 crore and Rs61 crore respectively during quarter ended March 31, 2013.

Awards and certifications

CMC earned a number of awards and recognitions during the quarter Jan-March, 2013:

CMC was honoured with two awards at the Global CSR Excellence and Leadership Awards presented by ET NOW on Blue Dart World Corporate Social Responsibility Day on February 18, 2013. CMC received awards under the Community Development and Carbon Footprint Accounting and Management categories.

CMC has been assessed at CMMI Level 5 for Software Development and Services, version 1.3.

CMC was recognised by The Institute of Company Secretaries of India (ICSI) as one of the top seven companies in India for consistently fostering excellent corporate governance practices for the third consecutive year.

CMC’s CFO, JK Gupta was recognised in the CFO India’s 3rd Annual CFO100 Conference for his exceptional contribution to corporate finance.