Geometric Software reports jump in profits, net profit at Rs.8.265 Crores

Geometric Software Solutions Company Ltd has announced the following Audited results for the quarter ended September 30, 2006:

The Company has posted a net profit after taxes of Rs 82.65 million for the quarter ended September 30, 2006 as compared to Rs 19.39 million for the quarter ended September 30, 2005. Total Income has increased from Rs 287.37 million for the quarter ended September 30, 2005 to Rs 501.44 million for the quarter ended September 30, 2006.

The Consolidated results are as follows:

The Group has posted a net profit after minority interest of Rs 100.88 million for the quarter ended September 30, 2006 as compared to Rs 33.85 million for the quarter ended September 30, 2005. Total Income has increased from Rs 508.52 million for the quarter ended September 30, 2005 to Rs 828.52 million for the quarter ended September 30, 2006.

"The experience of my first two weeks re-affirms my belief that Geometric represents an opportunity to build a world leader, one of the few in the world, who can offer customers strong competencies in both PLM & Engineering services" said Dr. Ravi Gopinath, MD & CEO, of the Company.

Source : Equity Bulls

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