The Hyderabad-based CMC Ltd said on Thursday it posted a net profit of Rs. 15.33 crore in the first quarter of 2005-06, on revenues of Rs. 204.51 crore, against the Rs. 184.78 crore in the previous-year quarter. "The profit for the current period is inclusive of Rs. 13.96 crore of gains on sale of certain surplus residential properties, while the profits of corresponding period last year was inclusive of one time license fee of Rs. 10.4 crore," a CMC release said.

"The consolidated revenues of the company along with its subsidiary, CMC Americas, for the quarter ended June, 2005 increased by 12.7 per cent to Rs. 215.18 crore as compared to Rs. 190.97 crore in the corresponding period in the previous year. The consolidated net profit for the quarter was Rs. 15.97 crore," the release said. The revenue of CMC Americas grew 35 per cent to $ 6.10 million as compared to $ 4.51 million in the corresponding period in the previous year. It said the company is focusing in embedded systems and has doubled its revenue from it.