Software and Services company AGS Transact Technologies announced Q4FY22 results: FY22: Total income stood at Rs. 17,973 million for FY22 Adjusted EBITDA stood at Rs. 4,790 million for FY22; Adjusted EBITDA margin for FY22 stood at 26.7% Adjusted PBT excluding non-recurring items stood at Rs. 869 million for FY22 Total Income Mix - FY22 During the year ended March 31, 2022, Revenue from Services accounted for 90% of our Total Income comprising Payment Solutions (Cash and Digital) – 76% and AMC Services and upgrades – 14% Segment mix: Payment Solutions – 76% (Cash – 61% & Digital – 15%), Banking Automation Solutions – 11% of revenues and Other Automation Solutions – 13% Q4FY22: Total income stood at Rs. 4,050 million for Q4FY22 Adjusted EBITDA stood at Rs. 1,160 million for Q4FY22; Adjusted EBITDA margin for Q4FY22 stood at 28.6% Adjusted PBT excluding non-recurring items stood at Rs. 147 million for Q4FY22 Total Income Mix – Q4FY22 During the quarter, Revenue from Services accounted for 96% of our Total Income comprising Payment Solutions (Cash and Digital) – 78% and AMC Services and upgrades 18% Segment mix: Payment Solutions – 78% (Cash – 62% and Digital – 16%), Banking Automation Solutions – 14% and Other Automation Solutions – 8% Commenting on the performance Mr. Ravi B. Goyal, Chairman and MD, AGS Transact Technologies Limited said, “FY22 has been a significant year for AGS Transact Technologies in terms of the stock exchange listing, launch of our digital platforms & solutions, expansion of ATM networks, and conceiving & delivering numerous automation solutions. During the year ended March 31, 2022, we successfully expanded our operations servicing approximately 465,000 customer touch points across 2200 cities & towns in India. We delivered a steady financial performance in FY22 with total income of Rs. 17,973 million. With a strong pipeline of new RFPs from leading public and private sector banks, we are very optimistic for our ATM outsourcing segment. The ATM outsourcing segment has got a shot in the arm with RBI’s proposal to set up 75 Digital Banking Units (DBUs) in 75 districts of the country by Scheduled Commercial Banks. As per RBI guidelines, banks are free to adopt an in-sourced or out-sourced model for operations of DBUs. We are looking forward to tap this opportunity. Additionally, the RBI’s circular on interoperable cardless withdrawal on ATMs (ICCW), i.e., cardless cash withdrawal from ATM via UPI, will encourage overall transactions on ATM by providing a faster & more secure form of cash withdrawal. AGS Transact pioneered this solution in 2019 with the introduction of QR-based cardless cash withdrawal on a leading public sector bank’s ATM. Our longstanding relationship with our customers across industries puts us in an advantageous position for new business and cross-selling opportunities and enhances our market reputation. Our near-term objectives are to grow and scale up our digital business, and pivot from payment-as-a-service, to payment-as-a-convenience through the Ongo Card and ecosystem. We will continue to add more merchants to our Ongo ecosystem, with focus on OMCs, and offer customised digital solutions in addition to the integrated payments platform via Ongo PoS terminals.” Result PDF
Conference Call with AGS Transact Technologies Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.