Leading IT firm of the country CMC Ltd. has announced its first quarter financial results for the fiscal year 2010-11 and it has managed to post an impressive 66% rise in its net profit figure. CMC Ltd. is a subsidiary of software major Tata Consultancy Services.

The company has posted a consolidated net profit of Rs 46.44 crore for the quarter that ended in 30th June, 2010. The consolidated net profit was reported to be Rs 28.02 crore for the same quarter in the financial year 2009-10. This net profit figure has grown up by 65.73% in this quarter as compared to the same quarter in the last fiscal.

This has been informed by CMC Ltd. in a filing at the Bombay Stock Exchange. 

The consolidated revenue of CMC Ltd. has touched Rs 245.14 crore during the April-June period of fiscal year 2010-11. It was Rs 210.90 crore for the same quarter last year. There has been a hike of 16.23 % in the net sales of the firm this year against last year.