IT Consulting & Software company Datamatics Global Services announced Q4FY23 & FY23 results: Q4FY23: Revenue from Operations: Rs 416.3 crore vs Rs 313.3 crore, 32.9% YoY, 11.7% QoQ EBITDA: Rs 84.1 crore vs Rs 51.5 crore, 63.5% YoY, 42.7% QoQ EBITDA Margin %: 20.2% vs 16.4%, 378 bps YoY, 439 bps QoQ PBT: Rs 80.1 crore vs Rs 53.0 crore, 51.1% YoY, 33.0% QoQ PAT (After NCI): Rs 59.7 crore vs Rs 45.6 crore, 30.9% YoY, 30.2% QoQ PAT Margin %: 14.2% vs 14.0%, 15 bps YoY, 220 bps QoQ EPS (Diluted): Rs 10.13 vs Rs 7.73, 31.1% YoY, 30.2% QoQ FY23: Revenue from Operations: Rs 1,459.2 crore vs Rs 1,201.0 crore, 21.5% YoY EBITDA: Rs 242.6 crore vs Rs 193.3 crore, 25.5% YoY EBITDA Margin %: 16.6% vs 16.1%, 53 bps YoY PBT (Before Exceptional Item): Rs 243.4 crore vs Rs 183.4 crore, 32.7% YoY PBT (After Exceptional Item): Rs 243.4 crore vs Rs 192.0 crore, 26.7% YoY PAT (After NCI): Rs 189.0 crore vs Rs 157.5 crore, 20.0% YoY PAT Margin %: 12.6% vs 12.8%, (22 bps) YoY EPS (Diluted): Rs 32.05 vs Rs 26.71, 20.0% YoY The Board of Directors has recommended total dividend of Rs 5/- (i.e. 100%) of the face value of Rs 5/- each which includes Rs 3.75/-final dividend and Rs 1.25/- special dividend per share for FY23. Commenting on FY23 results, Rahul Kanodia, Vice Chairman and CEO said, “Datamatics had a remarkable Q4. Our revenue increased by 32.9% YoY and EBIT increased by 78% YoY. Similarly, Datamatics has also witnessed a robust revenue and EBIT growth over FY22. This is a testament to our Digital approach.” He further added, “Our deal pipeline continues to remain robust, however we are alert to any strong headwinds arising out of global economic conditions. I want to express my gratitude to our clients and stakeholders for their continuing trust in us.” Result PDF
IT consulting & service firm Datamatics Global Services announced Q3FY23 results: Q3FY23: Datamatics Q3FY23 revenue is up 23.9% YoY to Rs 372.6 crore PAT is up by 24.1% YoY to Rs 45.9 crore Commenting on Q3FY23 results, Rahul Kanodia, Vice-Chairman and CEO, said, " We are pleased to report a strong revenue growth quarter. We were able to turn around the Digital Technologies business, which is now having a positive EBIT, thanks to higher revenues and cost optimization efforts. We are confident that we will maintain growth in the coming quarters due to the healthy demand in every market we operate in. I want to thank our shareholders and clients for their continued faith in us." He added, "I am pleased to inform you that Prime Minister Narendra Modi is inaugurating Phase 2 of Mumbai Metro Line 2A and 7 today. Datamatics has implemented the Automatic Fare Collection (AFC) system for both the Metro lines. Also, Datamatics enabled AFC system at Kolkata Metro, which Modi inaugurated on December 30, 2022. We are proud to be a part of both these projects that will positively impact millions of citizens." Result PDF
IT consulting & services company Datamatics Global Services announced Q2FY23 results: Datamatics Q2FY23 Revenue is up 14.8% YoY to Rs 343.4 crore. PAT is up by 13.2% YoY to Rs 40.0 crore Commenting on Q2FY23 results, Rahul Kanodia, Vice Chairman and CEO said, "We are pleased to report another stable quarterbacked by Digital Experiences & Digital Technologies revenue growth. We were able to maintain EBIT margins despite cost constraints, investments in hiring talent, and ongoing investments in products and platforms. Despite supply-side challenges, we are confident that we will be able to maintain the growth in the coming quarters. We continue to observe strong demand in every market where we are active. I want to express my gratitude to our stakeholders and clients for continuing to have faith in us.” He further added, “I am glad to share that recently NASSCOM collaborated with Datamatics under FutureSkills Prime initiative to empower IT Professionals with Intelligent Automation and Datamatics TruBot RPA. This program will help IT professionals build competencies in Intelligent Automation and help organizations build a talent pool of their required skills.” Result PDF
Datamatics Global Services announced Q1FY23 results: Q1FY23 Revenue up 13.6% YoY to Rs 326.9 crore; EBIT up by 17.9% YoY to Rs 39.3 crore Commenting on Q1FY23 results, Rahul Kanodia, Vice Chairman and CEO said, "We have started the year with a healthy revenue growth of 13.6% on year-on-year basis. We continue to see robust demand across all markets we operate in. In spite of the cost pressures, increments, and continued investments in products and platforms we were able to maintain EBIT margins.” He further added, "We enable enterprises go Deep in Digital to boost their productivity, customer experience, and competitive advantage. We have realigned our portfolio under three pillars comprising Digital Technologies, Digital Operations and Digital Experiences. Starting this quarter we are presenting our financials aligned with these three pillars. I would like to thank our customers and stakeholders for continued trust in us." Result PDF
IT Consulting & Software firm Datamatics Global Services declares Q4FY22 result: Datamatics shows strong growth in FY22. Revenue up 17.4% YoY to Rs 1,201 crores; PAT up 120% YoY to Rs 157 crores Commenting on FY22 results, Rahul Kanodia, Vice Chairman and CEO said, "Datamatics has achieved healthy revenue growth on strong demand across all markets we operate in. Focused automation and cost optimization efforts have resulted in strong EBITDA and PAT. We are happy with the overall performance." He further added, "I am glad to share that Phase 1 of Mumbai Metro (Line 2A and 7) has become operational for which Datamatics has implemented Automatic Fare Collection (AFC) system. The industry, in general, is facing supply-side challenges. At Datamatics, we are confident that we will be able the sail through these challenges and will be able to maintain the growth in the coming year. I am proud of the agility, resilience, and dedication of Datamaticians throughout the year. Also, I would like to thank our customers and stakeholders for continued trust in us." Result PDF
IT Consulting & Software company Datamatics Global Services declares Q3FY22 result: Datamatics Q3FY22 EBITDA up by 30% YoY at Rs 505 million EBITDA Margin at 16.8% for Q3FY22 PAT up by 67% YoY at Rs 370 million National Capital Region Transport Corporation (NCRTC) awarded Automatic Fare Collection contract for Delhi - Meerut RRTS Corridor Rail Vikas Nigam Limited awarded Automatic Fare Collection contract for Kolkata Metro A US based global leader in workforce solutions for Customer Management solutions through next-generation digital technology Expanded relationship with a large bank for developing cutting edge Digital Experiences through a dedicated offshore delivery centre A large Middle East bank for digital transformation of their legacy applications through an offshore delivery centre A global leader in technology and supply chain services for digital transformation of Finance & Accounting processes using Datamatics IDP product TruCap+ A US based leading mortgage lender to digitally transform their legacy applications. A US based not for profit historical society for media simulation work. Commenting on Q3FY22 results, Rahul Kanodia, MBA Columbia (USA), Vice Chairman and CEO said, “We are pleased to report another stable quarter backed by strong margins. Despite headwinds due to supply challenges and investments in talent acquisition, we have been able to maintain a decent EBITDA margin of 16.8% in the quarter. We have won several deals across IT and BPM segment during the quarter. Our commitment to a digital first customer experience remains central to our offering. We will continue to focus on deepening customer relationships with an emphasis on digital transformation.” He further added, “I am glad to share that recently we were awarded the Automatic Fare Collection contracts for Delhi - Meerut Corridor by NCRTC and Kolkata Metro by Rail Vikas Nigam Limited. Additionally, we entered into a long-term strategic partnership with a global leader in workforce solutions for providing Digital Customer Management Solutions. We are witnessing a strong demand environment across sectors we operate in, and are well positioned to capitalize on this growth opportunity. I would like to thank our customers, stakeholders for continuing trust in us and Datamaticians for the dedicated performance.” Further Sameer Kanodia, MBA Bryant University (USA), Managing Director & CEO of Lumina Datamatics said, “Our strong performance is a testament of the enormous confidence our clients have in us and unceasing hard work of our employees. We have consolidated our standing as a leading BPM player in the Publishing and e-Commerce space; in this space over half of the largest Publishers and some of the largest e-Retailers worldwide are giving us increasing business.” Result PDF