Cranes Software H1 revenues up 47%, net profit grow by 55%

Mumbai: Cranes Software International Ltd (CSIL), a global scientific and engineering software solutions provider, has announced its audited results for the quarter ended 30 September 2003.

CSIL's consolidated operating revenues for the quarter ended 30 September 2003 increased by 38 per cent to Rs 194.4 million as compared to Rs 141.1 million in the corresponding quarter last year.

Its operating profit was higher by 54 per cent at Rs 107.9 million in the second quarter of the fiscal year 2004 from Rs 70.0 million as margins increased to 56 per cent. The company's net profit after tax increased by 45 per cent to Rs 53.2 million from Rs 36.7 million.

On a half-yearly basis, CSIL's operating revenues increased to Rs 329.9 million from Rs 224.8 million in the corresponding period last year, growing by 47 per cent. The operating profit and net profit expanded by 68 per cent and 55 per cent, respectively, to Rs 175.8 million and Rs 89.5 million. Earnings per share during the period were Rs 10.62.

CSIL's operating revenues grew by 135 per cent to Rs 174.1 million compared to Rs 74.2 million in the corresponding quarter previous year, while the net profit after tax increased by 191 per cent to Rs 56.4 million from Rs 19.4 million.