|Media Release||Media Coverage|
|Geometric records it’s highest ever EPS at INR 6.78||Geometric sees marginal impact of rupee depreciaiton on IT cos|
|MUMBAI, India. Jan 16, 2017: Geometric Ltd. (BSE: 532312, NSE: GEOMETRIC) announced its third
quarter financial results for FY 2016-2017 at the board meeting held today.
Highlights for the quarter ended December 31, 2016 (Q3 FY17 – IND AS)
|Nov 25, 2016: The Indian rupee recorded an all-time low on Thursday by closing at 68.75 level. Weaker rupee aids margins of the IT companies.
In an interview with CNBC-TV18, Manu Parpia, MD & CEO of Geometric, said 1 percent depreciation in rupee normally has 0.3-0.4 percent positive impact on margin.
He expects a marginal impact of the rupee depreciation on IT companies.