CMC
The Indian Express, Bangalore, January 30, 2004

CMC Ltd a Tata group company, on Thursday announced that the total revenue of the company jumped 44 per cent to Rs. 201.77 crores compared with Rs 140.55 crores in the corresponding period of the previous year. The company earned a profit before tax (PBT) of Rs 16.48 crores recording an increase of 16 per cent over the corresponding period of the previous year.

“The company has been able to maintain strong revenue growth rate in this quarter also. The company’s insurance and commodity exchange solutions found wider acceptance with domestic clients both in private and public sector. Embedded systems and biometric solutions of the company made further inroads in the international markets during the quarter,” said R Ramanan, MD and CEO.