IT Consulting & Software company R Systems International announced Q2CY25 results Revenue Rs 4,620 million (USD 54.0 million); QoQ growth of 4.4% in INR terms and 5.6% in USD terms. Adj. EBITDA Rs 797 million (USD 9.3 million) i.e. 17.3% against 16.5% in Q2CY24 and 17.4% in Q1CY25; YoY Growth of 11.7%. Adj. Net profit after taxes: Rs 464 million (USD 5.4 million); YoY growth of 53.4%. 6 key wins during the quarter. Nitesh Bansal, Managing Director, & CEO, said: “We are pleased to report quarterly revenue of Rs 4,620 million (USD 54.0 million), marking a QoQ growth of 5.6% in USD terms while H1CY25 revenue stood at Rs 9,045 million (USD 105.1 million), up 3.1% YoY in USD. These results reflect our continued focus on delivering digital and product engineering services across global markets. Our focus on Data, AI, cloud, mobility, intelligent automation, along with customer-centric and platform-driven delivery continues to position us as a trusted partner for digital transformation.” “We continue to strengthen our market position through partnerships that accelerate AI adoption and deepen our cloud-native capabilities. Our collaboration with Mavvrik enables proactive cost control in AI and hybrid environments, while our advanced specialisation in Kubernetes and five Microsoft Solutions Partner designations reinforce our leadership in modern cloud architectures.” Nand Sardana, CFO, said: “R Systems has delivered a good financial performance in Q2 and H1CY25, on the back of discipline in execution and large deals helping in maintaining Adjusted EBITDA margins.” “We continued to have a strong balance sheet with a Cash balance of Rs 2,033 million along with equity attributable to shareholders of Rs 6,925 million.” Result PDF
Conference Call with R Systems International Management and Analysts on Q2CY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company R Systems International announced Q1CY25 results Q1CY25 Financial Highlights: Revenue Rs 4,425 million (USD 51.1 million); YoY growth of 6.2%; QoQ decline of 1.5% Adj. EBITDA# Rs 768 million (USD 8.9 million) i.e. 17.4% against 14.4% in Q12024 and 17.8% in Q42024; YoY Growth of 28.1% Net profit after taxes Rs 386 million (USD 4.5 million); YoY growth of 40.4% Nitesh Bansal, Managing Director, and CEO stated, “We reported revenue of Rs 442 crore. in Q12025 with a year-on-year growth of 6.2% along with robust EBITDA margins. Global economic uncertainties have caused delays in customer decision making towards discretionary spending, but we continue to see traction towards deals enabling clients to unlock value through scalable AI solutions, data insights and intelligent automation. We closed 6 key wins in the quarter with some large deals in the funnel.” He added, “We continue to invest in building future readiness, hiring the right talent, enhancing delivery excellence, and aligning our capabilities with evolving client needs. We are competing and winning larger deals as also reflected in the increased headcount during the quarter. We remain confident in our ability to grow profitably and create long-term stakeholder value.” Nand Sardana, CFO said, “While we delivered year-on-year revenue growth in Q12025, our quarterly performance was modest due to ongoing global headwinds. Despite the external challenges, we maintained EBITDA stability through prudent cost management and operational efficiencies. We have started witnessing the results from our investments in cloud, data, AI, and automation in terms of large deal conversion which will support to report sustainable revenue growth in this year” He added, “In line with our commitment to reward shareholders, the Board has approved first interim dividend for CY2025 of Rs 6 per share i.e. 600%.” Result PDF
Conference Call with R Systems International Management and Analysts on Q1CY25 Performance and Outlook. Listen to the full earnings transcript.
IT Cosulting & Software company R Systems International announced Q3FY25 results Revenue Rs 4,490 million (USD 53.2 million); YoY growth of 7.8%; QoQ growth of 1.1% Adj. EBITDA Rs 801 million (USD 9.5 million) i.e. 17.8% as against 15.4% in Q4 2023 and 17.9% in Q3 2024; YoY Growth of 24.6% Net profit after taxes Rs 390 million (USD 4.6 million) 5 key wins during the quarter Nitesh Bansal, Managing Director, and CEO stated, “R Systems reported Rs 1,700 crore plus revenues with 16.7% Adjusted EBITDA for CY 2024. This translates into 200-basis-point expansion in EBITDA, driven by improved revenue mix and operational efficiencies” He added, “Geopolitical uncertainties and inflationary pressures impacted our growth momentum, but we diversified our revenue streams and embraced emerging technologies for long term sustainable growth. Our strong client relationships, partnerships with hyperscalers and strategic positioning continued to fuel our resilience and innovation. During last year, we have invested in deepening our leadership talent by onboarding key leaders to further accelerate our growth strategy and maximize impact in emerging opportunities.” Nand Sardana, CFO said, “We are pleased to report sustained financial performance achieving an alltime high annual Adjusted EBITDA margin of 16.7% for the year. This milestone reflects the disciplined execution of our strategy, operational efficiencies, and our commitment to deliver sustainable value.” He added, “We continued to have a strong balance sheet with Cash balance of Rs 196 crores along with net worth Rs 624 crores. We are committed to make investments in sales engine and building niche capabilities that will position us for profitable growth.” Result PDF
Conference Call with R Systems International Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company R Systems International announced 9MCY24 & Q3CY24 results Q3CY24 Financial Highlights: Revenue Rs. 4,441 million (USD 53.0 million); QoQ growth of 2.8%. Adj. EBITDA Rs. 796 million (USD 9.5 million) i.e 17.9% as against 16.5% for Q2CY24. Net profit after taxes Rs. 398 million (USD 4.8 million). 5 key wins during the quarter. 9MCY24 Financial Highlights: Revenue Rs. 12,928 million (USD 155.0 million); YoY Growth of 1.9% (Growth of 3.5% excluding onetime fee). Adj. EBITDA Rs. 2,110 million (USD 25.3 million) i.e 16.3% as against 15.8% during similar period last year (14.5% margin net of one-time fee), YoY Growth of 16.6% excluding one-time fee. Net profit after taxes Rs. 922 million (USD 11.1 million) Nitesh Bansal, Managing Director, and CEO, said: “We concluded the quarter with 2.8% QoQ revenue growth along with robust performance on margins. Further, the Board has announced second interim dividend of Rs. 6.5/- per share for the year 2024, showing our commitment to shareholders.” “ We are deepening our engagement with customers, engaging in more value adding initiatives along with strengthening hyperscaler partnerships to offer niche solutions for long term sustainable growth. We continued to invest in emerging technologies e.g. launch of OptimaAI – a GenAI suite for enterprises and Chaos Engineering Integrated DR Model to enhance business continuity and resilience.” Nand Sardana, CFO, said: “R Systems expanded quarterly Adj. EBITDA margin to 17.9% as against 16.5% last quarter. We improved utilization from 82.8% to 83.5%, which helped us in improving margins, despite continuing our investments in sales and newer technologies.” “The Company has expanded its geographical footprints through a new entity in Mexico along with enhancing management bandwidth with the induction of Satyadeep Mishra as Chief Human Resource Officer, Srikara Rao as CTO Cloud and Security Services and Shardul Sangal as SVP- Global Delivery, among others.” Result PDF
IT Consulting & Software company R Systems International announced Q1FY25 results: Financial Highlights: Revenue Rs 4,320 million (USD 51.8 mn); YoY Growth of 6.2%. Adj. EBITDA: Rs 714 million (USD 8.6 mn) i.e 16.5% as against 14.7% for Q2 2023. Net profit after taxes Rs 249 million (USD 3.0 mn). 8 key wins during the quarter. Nitesh Bansal, Managing Director, and CEO stated, “We concluded the quarter with 3.7% QoQ revenue growth and good new logo additions with robust performance on margins. Our strategic realignment of go to market on industry lines has helped us in navigating through challenging market conditions in the last couple of quarters” He added, “We are deepening our engagement with customers, engaging in deeper and more value adding initiatives along with deepening hyperscaler partnerships to develop niche solutions for long term sustainable growth.” Nand Sardana, CFO said, “R Systems expanded quarterly EBITDA margin to 16.5% post absorbing the impact of salary hikes for our offshore centres as against 14.7% during same period last year.” He added, “We are continuing our investment in AI, data and cloud technologies along with expanding vertical and technology focused sales and marketing spends to fuel future growth.” Result PDF
Conference Call with R Systems International Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.