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Cranes Software Q3 net up 68%

Monday, 03 February 2003   

IRIS: Cranes software international, a scientific and engineering products and solutions provider, has posted a 48 per cent sequential quarter-on-quarter growth with (Q,N,C,F) a turnover of Rs. 11.02 crore (Rs. 7.47 crore in Q2 FY03).

While Rs. 7.32 crore has come from the overseas market, Rs. 3.7 crore has comedown from the domestic market. For the third quarter of the current fiscal, the company's depreciation stood at Rs. 0.69 crore. while its profit before tax was Rs. 3.76 crore(Rs. 3.04 crore for in Q2FY03). After provision of Rs. 0.5 crore for current taxation and deferred taxation, net profit for the quarter has grown sequentially by 68 per cent to Rs. 3.26 crore(Rs. 1.94 crore Q2).


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