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The operating profits of the company more than tripled to Rs.242 Mn as compared to operating profits of Rs.75.59 Mn in Q3 FY08. In sequential terms, the operating profits increased 76.7 per cent from Rs 136.46 Mn in Q2FY09, stated.
The company reported a decline in PAT (before prior period adjustments) from Rs. 47.16 Mn to Rs.18.27 Mn sequentially on account of foreign exchange losses of Rs.189.32 Mn, including a provision on Rs 21.97 Mn towards possible future currency losses.
Ravi Gopinath, managing director and CEO of Geometric Limited, said, “The external environment, particularly the global manufacturing sector, continues to pose challenges. While we ride this period out, we have focused our efforts on improving operating efficiencies. This has manifested itself in improvements in contribution and SG&A, resulting in operating profit improvements, beyond those realized from a favorable exchange rate.”
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