Geometric Ltd. (BSE: 532312, NSE: GEOMETRIC) announced its fourth quarter and annual financial results for FY 2015-2016 at the board meeting held today.

Highlights for the financial year ended March 31, 2016 (FY16)

• Revenues in USD terms grew 4.4% to USD 188.49 Mn in FY16 from USD 180.61 Mn in FY15
• In INR, revenues stood at INR 12,334.57 Mn as against INR 11,053.01 Mn, a growth of 11.6%
• Revenues for Geometric (excluding the joint venture company) showed a 3.9% growth to USD 138.22 Mn from USD 132.98 Mn in the previous year
• Consolidated Profit after Tax almost doubled to INR 1,053.47 Mn from INR 551.63 Mn
• The Board recommended that the interim dividend Rs. 3 per equity share of Rs. 2 each paid during financial year ended March 31, 2016 be confirmed as the final dividend for the FY 2015-16 at the 22nd Annual General Meeting
• Added 3 new customers during the year

Highlights for the quarter ended March 31, 2016 (Q4 FY16)

• Consolidated Profit after Tax of the Company stood at INR 342.54 Mn as against INR 289.43 Mn in the previous quarter and INR 32.92 in the corresponding quarter last year; a growth of 18.4% and ~9x (940.7%) respectively
• Continued focus on margin improvement led to EBITDA margins of 16.2% for Geometric (excluding the joint venture)
• Signed new deals worth USD 14.52 Mn
• Record high EPS of Rs. 5.27

The Company declared operating revenues of USD 46.55 Mn for the quarter, compared to revenues of USD 47.68 Mn in Q3FY16 and USD 42.92 Mn in Q4FY15. In INR terms, revenues stood at INR 3,127.04 Mn in comparison to INR 3,148.46 Mn in the previous quarter and INR 2,679.00 Mn in the corresponding quarter last year. Geometric’s revenues excluding its joint venture company were at USD 34.44 Mn as against USD 35.24 Mn in Q3 FY16 and USD 31.45 Mn in Q4FY15.

Mr. Manu Parpia, Managing Director & CEO said, “FY16 has been a landmark year for us. Our concerted efforts led to a transformation of our business reflected in improved margins. We are now at a level comparable with our peers and can look to investing in creating solutions, which can drive further growth.”

The company had a total employee strength of over 4700 employees as of March 31, 2016, including its subsidiaries.

Key wins and additional business highlights for Q4 FY16

The Company signed new deals worth USD 14.52 Mn. Some of the significant wins in this quarter include:

• Entered a software development deal with a leading PLM ISV
• Won a PLM project with a leading Automotive player in North America
• Awarded a PLM services project with a leading European Automotive OEM
• Signed a software services engagement with a leading orthodontics equipment manufacturer
• Won an Applications Management Services contract from a leading European Automotive OEM
• Awarded a PLM services project from a leading Asian Transportation Systems Manufacturer

Other important business highlights for the quarter include:

• Launched NestingWorks 2016, 3D nesting software for automatically nesting layouts of SOLIDWORKS® parts and assemblies for production
• Enhanced CAMWorks® 2016 with ‘machine to the mean’ capabilities and support for SolidWorks MBD

Geometric Ltd. a leader in Product lifecycle Management (PLM), Global Engineering Services and Offshore Product Development (OPD) Solutions and Technologies, today announced the release of version 4.1 of its automated design for manufacturability solution, DFMPro® for NX software. The latest version delivers many new customer-driven enhancements for users of NX, a leading integrated 3D computer-aided design, manufacturing and engineering analysis (CAD/CAM/CAE) software, developed by Siemens’ PLM software business.

The latest version of DFMPro, significantly speeds up the design review time with its powerful new Microsoft Excel® based reporting feature. Users can easily create, share and communicate DFM analysis reports in Microsoft Excel format with internal teams and external manufacturing suppliers located globally.

Additionally users designing plastic parts will get better control for moldability of a part with the newly added ‘Mold Wall Classification’ feature, which segregates between the core and cavity mold faces.

The solution also helps improve design and manufacturing collaboration, which is becoming a top priority for organizations today. Design reviews are conducted with teams on different aspects such as functionality, manufacturability, serviceability and cost, to solicit their critical input during early design stages. However, with the changing engineering landscape and cross-disciplinary teams scattered across the globe, design reviews can be highly time-consuming, and error-prone. DFMPro captures the rules for these multi-disciplinary aspects, thus automating the basic review.

“We constantly strive to bring significant enhancements to meet the changing needs of our users, while also ensuring that they benefit from newer functionality and ease-of-use. With the newest version of DFMPro, we are significantly reducing the design review time for our NX users as well as improving the productivity of designers,” said Swadhin Bhide, Head of Geometry Technology Solutions Business Unit at Geometric.

The NX Check Mate tool automates design checking and makes drafting and standards validation a continuous, proactive process rather than an afterthought,” said Joe Bohman, Vice President, Product Engineering Software, Siemens PLM Software. “The powerful manufacturability analysis capability provided by DFMPro efficiently leverages, complements and augments Check-Mate”

Geometric Limited, a leader in Product lifecycle Management (PLM), Global Engineering Services and Offshore Product Development (OPD) Solutions and Technologies, announces the availability of a new version 4.0 of its automated design for manufacturability solution, DFMPro for NX software. DFMPro version 4.0 delivers enhanced design flexibility with newly added support for additive manufacturing, tubing and sand casting processes. NX, developed by Siemens’ product lifecycle management (PLM) software business, is an integrated 3D computer-aided design, manufacturing and engineering analysis (CAD/CAM/CAE) software.

Companies are changing the way they think, design and manufacture. A next generation technique such as additive manufacturing is gaining widespread adoption in major industries as it offers endless opportunities and opens doors for complex geometries and light-weight parts. However traditional manufacturing techniques such as sand casting are still going strong.

With a variety of processes being used for manufacturing parts in a single product, DFMPro can help design engineers learn and apply manufacturing best practices for different processes thus avoiding downstream rework and cost problems. Design problems that result in secondary operations and support structures for additive manufacturing and hot spots, porosity, high shrinkage and cracking issues during sand casting process can be avoided. Tubing, leakage and performance issues can be avoided using DFMPro.

With v4.0, NX users can gain access to the introductory additive manufacturing suite on request. In addition, it further strengthens the rules for existing modules such as, milling, assembly and injection molding aimed at reducing rework, improving manufacturing time, reducing inventory and preventing assembly problems.

“The powerful manufacturability analysis capability provided by DFMPro efficiently leverages, complements and augments Check-Mate, an automated, customizable NX tool providing geometry, drafting and standards validation within the CAD user environment,” said Jim Rusk, Senior Vice President,  Siemens PLM Software. The new version of DFMPro provides NX users greater flexibility to design products using multiple processes, including additive manufacturing, while ensuring that they get their designs right the first time.

“With significant enhancements in the new version of DFMPro, we are helping our NX customers confidently and accurately design products for traditional as well additive manufacturing processes, which is essential for success in today’s competitive environment” said Sameer Kondejkar, Head of Geometry Technology Solutions Business Unit at Geometric.

About DFMPro:
DFMPro is a powerful CAD integrated Design for Manufacturing & Assembly solution which facilitates upstream manufacturability validation and identification of areas of a design that are difficult, expensive or impossible to manufacture. DFMPro provides numerous built-in checks for manufacturing processes like machining, sheet metal, casting, molding, assembly, additive manufacturing and tubing.  It is fully integrated within NX, Creo Parametric and SolidWorks, and supports other leading CAD platforms.