For the coming quarters the company aims to focus on improving the EBITDA margins.
On Monday, Geometric announced its Q4 results. The company’s consolidated revenues rose 0.9% to Rs. 11,053.01 mn from Rs. 10,954.52 mn last year. The Profit after Tax for the year stood at Rs. 551.63 mn as against Rs. 462.43 mn for FY14. For the quarter ended March 31, 2015 (Q4 FY15) the company recorded operating revenues of Rs. 2,679.00 mn, as against revenues of Rs.2,888.89 mn in the previous quarter, and Rs. 2,733.62 mn in the corresponding quarter last year. Revenue of Geometric (excluding its joint venture company, 3DPLM) was at Rs. 1,965.63 mn, as against Rs. 2,154.22 mn in Q3FY14 and Rs. 2,001.03 mn in Q4FY13.
In an interview with CNBC TV18, Manu Parpia, MD & CEO, Geometric said that one of the reason for decline in profitability was weakening of euro and anticipates that the euro will be weaker in the coming quarters but that will not affect the profits. He also mentioned that USD 1.5 million reversal of revenue, which is around Rs. 9 crore and contributed to the bottomline, led to further decrease in profitability.
For the coming quarters the company aims to focus on improving the EBITDA margins. Talking about steps taken to improve margins, he said, "One part is to grow revenues the other part is to look at cost and so, we are really looking at being more efficient, improve our utilisation. So these are all pretty standard metrics that we need to drive and ensure we adhere to".
In USD terms, the company declared operating revenues of USD 42.92 Mn for the quarter ended March 31, 2015 compared to revenues of USD 46.60 Mn in the last quarter, and USD 44.29 Mn in Q4FY14. Geometric standalone there was a small growth but on a consolidated basis there was a decline because of there 3D PLM subsidiary in dollar terms. While in rupee terms has shown a growth and in dollar terms it hasn't.
The company's target is to achieve double digit EBITDA by the end of the year on a quarter basis. Further, they have no plans on revenue de-growth. The company expects a decent deal pipeline. However, Parpia chose not to comment on the rumors regarding plans to stay put or looking for buyers.
Stock Price:
The stock of the company closed at Rs. 128.85. The stock closed down 10.05% from its previous close which was at Rs. 143.25. It hit a high at Rs. 135.45 and low at Rs. 122.75. The total traded quantity was 4.16 lakh and two week average quantity is 2.14 lakh.
In an interview with CNBC TV18, Manu Parpia, MD & CEO, Geometric said that one of the reason for decline in profitability was weakening of euro and anticipates that the euro will be weaker in the coming quarters but that will not affect the profits. He also mentioned that USD 1.5 million reversal of revenue, which is around Rs. 9 crore and contributed to the bottomline, led to further decrease in profitability.
For the coming quarters the company aims to focus on improving the EBITDA margins. Talking about steps taken to improve margins, he said, "One part is to grow revenues the other part is to look at cost and so, we are really looking at being more efficient, improve our utilisation. So these are all pretty standard metrics that we need to drive and ensure we adhere to".
In USD terms, the company declared operating revenues of USD 42.92 Mn for the quarter ended March 31, 2015 compared to revenues of USD 46.60 Mn in the last quarter, and USD 44.29 Mn in Q4FY14. Geometric standalone there was a small growth but on a consolidated basis there was a decline because of there 3D PLM subsidiary in dollar terms. While in rupee terms has shown a growth and in dollar terms it hasn't.
The company's target is to achieve double digit EBITDA by the end of the year on a quarter basis. Further, they have no plans on revenue de-growth. The company expects a decent deal pipeline. However, Parpia chose not to comment on the rumors regarding plans to stay put or looking for buyers.
Stock Price:
The stock of the company closed at Rs. 128.85. The stock closed down 10.05% from its previous close which was at Rs. 143.25. It hit a high at Rs. 135.45 and low at Rs. 122.75. The total traded quantity was 4.16 lakh and two week average quantity is 2.14 lakh.
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