IT Consulting & Software company Datamatics Global Services announced Q1FY24 results: Revenue from operations of Rs 391.1 crore in Q1FY24, compared to Rs 326.9 crore in Q1FY23, up 19.6% YoY. EBITDA at Rs 67.8 crore in Q1FY24 compared to Rs 47.8 crore in Q1FY23, up 41.8% YoY. EBITDA Margin at 17.3% in Q1FY24, up from 14.6% in Q1FY23, an increase of 270 bps. Profit Before Tax at Rs 67.2 crore in Q1FY24, up from Rs 51.6 crore in Q1FY23, marking a growth of 30.3%. Profit After Tax (After NCI) at Rs 55.1 crore in Q1FY24, compared to Rs 43.4 crore in Q1FY23, with a growth of 26.9%. PAT Margin at 13.8% in Q1FY24, up from 12.8% in Q1FY23, a rise of 100 bps. Diluted Earnings Per Share (EPS) at Rs 9.34 in Q1FY24, compared to Rs 7.36 in Q1FY23, reflecting a growth of 26.9%. Commenting on Q1FY24 results, Rahul Kanodia, Vice Chairman and CEO, said, “Datamatics has performed well in terms of Revenue, EBIT, and PAT in Q1FY24. Our revenue increased by 19.6%, EBIT witnessed a growth of 49.2%, and PAT increased by 26.9% on a YoY basis. We are happy to see your Company moving in the right direction.” He added, “Artificial Intelligence is transforming how we live and conduct our businesses. We have been investing in our AI capabilities, and Generative AI has only redoubled those efforts. We are constantly incorporating AI in our Technologies, Operations, Experiences, and Products businesses. It reflects our commitment to enable our customers to go Deep in Digital in their transformation journey”. Result PDF