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
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