Datamatics Global Services announces Q3 FY17 financial results
- Consolidated Net Sales up by 7.0% (YoY) at Rs. 637.6 crore
- EBIDTA up by 49.3% to Rs. 71.9 crore
- Net Profit increased by 95% to Rs. 50.9 crore
Mumbai, February 14, 2017: Datamatics Global Services Ltd. (DGSL), a global provider of Consulting, Information Technology (IT) and Business Process Outsourcing (BPO) services today announced the financial results for the third quarter ended as on December 31, 2016.
Q3FY17 Performance – Consolidated basis (YoY)
- The Company’s revenues increased by 7.0% to Rs. 637.6 crore as compared to Rs. 595.9 crore in YTD December 2015.
- EBIDTA increased by 49.3% to Rs. 71.9 crore as compared to Rs. 48.2 crore in YTD December 2015.
- EBIDTA margin improved by 320 bps to 11.3% as compared to 8.1% in YTD December 2015.
- Net profit after minority interest also increased by 95.0% at Rs. 50.9 crore as compared to Rs. 26.1 crore during YTD December 2015.
- Earnings per share (diluted) stood at Rs. 8.64 during YTD December 2016 as compared to Rs. 4.26 during YTD December 2015.
Q3FY17 Performance – Standalone basis (QoQ)
- The Company’s revenues increased by 8.0% to Rs. 215.4 crore as compared to Rs. 199.5 crore in Q3 FY16.
- EBIDTA increased by 15.5% to Rs. 22.3 crore as compared to Rs. 19.3 crore in Q3 FY16.
- EBIDTA margin improved by 67 bps to 10.4% as compared to 9.7% in Q3 FY16.
- Net profit after minority interest also increased by 11.0% at Rs. 13.1 crore as compared to Rs. 11.8 crore during Q3 FY16.
- Earnings per share (diluted) stood at Rs. 2.21 during Q3 FY17 as compared to Rs. 1.88 during Q3 FY16.
Other Highlights
Datamatics was recognized with the CIO CHOICE 2017 Honor & Recognition title in 3 categories by the Indian CIO and IT decision maker community for our services and solutions that leverage our IPs – iQ, nSights and iBridge under the Document Management, Business Intelligence and Robotic Process Automation categories respectively.
It was for the second consecutive year that Datamatics received recognition for Document Management Services & Business Intelligence Solution by the CIO Community. This year, Datamatics also established its leadership position in the Emergent Technology category for Robotic Process Automation Solutions.
Commenting on the results and financial performance, Rahul Kanodia, Vice Chairman and CEO said, “We have been witnessing stable growth over the last few quarters and we will continue to focus on offering customized solutions to our esteemed clients. The recent recognitions are testimony to the trust that our customers have had in us and the underlying confidence of our long term investors.”
