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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)
  • Total revenues in USD terms down by 0.1% Q-o-Q and rose by 3.7% Y-o-Y to USD 36.86 Mn in Q3 FY17 compared to USD 36.88 Mn in Q2 FY17 and USD 35.54 Mn in Q3 FY16
  • Consolidated net profit after tax at INR 447.20 Mn for the quarter, as against 396.15 Mn for the previous quarter and INR 276.93 Mn for the same quarter last year
  • Signed new deals worth USD 18.04 Mn
  • Annualized attrition for the quarter at 10.0%
  • Consolidated EPS for the quarter at INR 6.78
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.
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