CMC Limited announced its financial results for the half year ended September 2005. The total revenue of the company increased by 11.1 per cent to Rs. 402.07 crore compared with Rs. 361.78 crore earned in the corresponding period in the previous year. The company's profit before tax for the period was Rs. 36.20 crore compared with Rs. 36.74 crore in the corresponding period in the previous year. The profit for the current period is inclusive of Rs. 22.32 crore of gains on sale of certain surplus residential properties. The Company made a provision of Rs. 11.41 crore for income tax and fringe benefit tax during the period. The Fringe Benefit Tax amounted to Rs. 1.66 crore. The profit after tax for the period is Rs. 24.79 crore.

The consolidated revenues of the company along with its wholly-owned subsidiary, CMC Americas Inc., for the half year ended September, 2005 increased by 13.4 per cent to Rs. 425.20 crore as compared to Rs. 375.01 crore in the corresponding period in the previous year. The consolidated profit after tax for the half-year ended September 2005 is Rs. 26.52 crore.

The wholly-owned subsidiary of the Company, CMC Americas Inc. continued improved performance with 45 per cent growth in revenues to $ 12.86 million as compared to $ 8.87 million in the corresponding period in the previous year. The growth in the revenues of CMC Americas Inc. is primarily attributed to increased embedded systems business.

CMC has won the implementation of a Terminal management system for a global shipping company, a biometric based security and identification system for a leading organization, GENISYS (General Insurance System) implementation for a leading private insurance provider, and a freight management system for a Middle East Rail transportation organization during the last quarter.

The Company added 415 employees during the first half of the current year to build capacity & capabilities and bridge skill gaps to meet requirement of growth in line with our strategy.

About CMC
Incorporated in 1975, CMC is one of the premier Information Technology solutions providers in India, with a consolidated turnover of Rs. 814 crore for 2004-05. Operating out of 18 offices and 180 service locations in the country, CMC Limited employs around 3300 people and has a wholly-owned subsidiary in USA called CMC Americas, Inc.

CMC's vision is to operate globally and bring the benefit of Information Technology to improve the productivity of its customers and the quality of its customers' products and services. CMC combines horizontal expertise in Information Technology with its vertical experience developed by working in a wide range of Industries. After the successful disinvestment of CMC by the Government of India, CMC has become part of the TATA Group and is closely working with TCS, Asia's largest software company.