CMC Ltd, a subsidiary of IT major TCS, has posted an 18 per cent jump in its operating profits at ₹91 crore for the first quarter ended June 30, 2014.
The company’s consolidated operating revenue stood at ₹593 crore, up 22 per cent in the fourth quarter, as against the year ago period.
In the light of the Companies Act, 2013, the company has revised its estimated ‘useful life’ of fixed assets, effective April 1, 2014. This has resulted in a higher charge of depreciation by ₹25 crore during the April-June quarter.
“We continue to see robust growth in the international markets, across geographies,” said R Ramanan, CEO.
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