Conference Call with Datamatics Global Services Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Datamatics Global Services announced Q1FY25 results: Revenue from Operations: Rs 394.0 crore, a slight YoY increase of 0.7% compared to Q1FY24 (Rs 391.1 crore), but down 4.5% from Q4FY24 (Rs 412.7 crore). EBITDA: Rs 51.4 crore, down 24.2% from Q1FY24 (Rs 67.8 crore) and down 20.5% from Q4FY24 (Rs 64.7 crore). EBITDA Margin: 13.0%, a decrease of 429 basis points from Q1FY24 (17.3%) and down 262 basis points from Q4FY24 (15.7%). Profit After Tax (PAT): Rs 43.5 crore, a decline of 21.1% compared to Q1FY24 (Rs 55.1 crore) and down 17.2% from Q4FY24 (Rs 52.5 crore). PAT Margin: 10.7%, down 311 basis points from Q1FY24 (13.8%) and down 159 basis points from Q4FY24 (12.3%). Earnings Per Share (EPS): Rs 7.37, a decrease of 21.2% compared to Q1FY24 (Rs 9.35) and down 17.3% from Q4FY24 (Rs 8.90). Commenting on Q1FY25 results, Rahul Kanodia, Vice Chairman and CEO, said, "Datamatics' Q1 revenue increased by 0.7% YoY to Rs 394 crore, with Dextara contributing 3.1% to this growth. Organic growth, however, declined by 2.4% primarily due to market slowdown in the US and Europe and stagnant business growth. In Q2FY25, we expect to grow our topline and improve EBIT margin by 150-200 bps." He further added, "We remain bullish on the opportunities that AI offers. We are excited to announce that Datamatics has become one of the early receivers globally to earn ISO 42001:2023 Certification for Artificial Intelligence Management Systems. It also demonstrates our commitment to responsible and ethical AI, transparency, and continuous learning. This certification will help our customers manage risks and opportunities associated with AI while balancing innovation with governance for their enterprises." Result PDF