CMC Q1 net up 2.5% at Rs 15 cr

CMC, a subsidiary of Tata Consultancy Services, has posted a 2.54% rise in net profit at Rs 14.95 crore in the first quarter ended June 30, 2006, compared with Rs 15.33 crore recorded during the same period of the previous fiscal.

The company's total income rose to Rs 232.35 crore, up 14%, during the quarter under review, compared with Rs 204.50 crore recorded during the comparative period of previous fiscal.

The group has posted a net profit of Rs 16.16 crore during the quarter under review, as against Rs 15.97 crore recorded during the same period a year ago. The group's total income rose to Rs 252.05 crore, up from Rs 215.18 crore recorded in the first quarter of previous fiscal, CMC said in a statement.