Twofold ‘Other Income’ boosts Geometric profits for Q4

Geometric was the talk of the street after IT giant HCLTECH announced acquisition of company’s IT unit. Geometric announced its Q4FY16 results today, where it posted muted revenues but robust profits amid doubling of other income in Q4.

Company’s consolidated QoQ Total Income from Operations has come in at Rs 312.7 crores in this quarter as against Rs 314.85 crores in Q3FY16, a decrease of 0.7 per cent. Company’s EBITDA has come in at Rs. 52.83 crores as against Rs. 55.71 cores, a decrease of 5.2 per cent. However, company’s Net Profit has increased by 18.3 per cent to Rs 34.26 crores in Q4FY16 as compared to Rs 28.96 crores in the last quarter, an increase of 18.3 per cent.

On a yearly basis Company’s consolidated total income from operations stands at Rs1233.46 crores as against Rs 1105.3 crores, an increase of 11.6 per cent. EBITDA stands at Rs 176.47 crores as compared to Rs 130.05 crores, an increase of 35.7 per cent. Net profit stands at Rs 105.35 crores, at an increase of 91 per cent owing to rising other income standing at Rs 49.09 crores.

Geometric deals in development of engineering software solutions of computer-aided design; manufacturing and engineering; and product lifecycle management software development. The Company's segments are Products, Software Services and Engineering services. 

The stock closed marginally down on the day of result at Rs 208.50 with 0.22 per cent losses.