29th July, 2022, Mumbai: Datamatics Global Services Ltd. (DGSL), a global Digital Operations, Technology and Experiences company, today announced its standalone and consolidated financial results for the first quarter ended June 30, 2022.
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."
Key Financial Highlights – Q1FY23
|
Particulars (₹ in Crores)
|
Q1 FY23
|
Q2 FY22
|
YoY %
|
Q4 FY22
|
QoQ %
|
|
Revenue from Operations
|
326.9
|
287.8
|
13.6%
|
313.3
|
4.3%
|
|
EBITDA
|
47.8
|
41.4
|
15.4%
|
51.5
|
(7.1%)
|
|
EBITDA Margin %
|
14.6%
|
14.4%
|
23bps
|
16.4%
|
(180bps)
|
|
EBIT
|
39.3
|
33.3
|
17.9%
|
42.3
|
(7.1%)
|
|
EBIT Margin %
|
12.0%
|
11.6%
|
43bps
|
13.5%
|
(148bps)
|
| PBT (Before Exceptional Item) |
51.6
|
36.7
|
40.5%
|
53.0
|
(2.7%)
|
| PBT (After Exceptional Item) |
51.6
|
46.9
|
10.0%
|
51.5
|
0.1%
|
|
PAT (After NCI)
|
43.4
|
39.6
|
9.6%
|
45.6
|
(4.9%)
|
|
PAT Margin %
|
12.8%
|
13.6%
|
(80bps)
|
14.0%
|
(125bps)
|
|
EPS (Diluted) (₹)
|
7.36
|
6.72
|
9.6%
|
7.73
|
(4.7%)
|
|
Balance Sheet Highlights (₹ in Crores)
|
Q1 FY23
|
Q1 FY22
|
Q4 FY22
|
|
Total Cash & Cash Equivalent plus Liquid Investments (net of debt)
|
388.6
|
343.4
|
377.8
|
|
DSO (Days)
|
69
|
70
|
74
|
Operational Highlights
- A global leader in chemical solutions and mining operations selects Datamatics for automating Digital Finance process
- A US based global BPO company selects Datamatics for modernizing their legacy applications
- A leading, global provider of innovative supply chain solutions selects Datamatics for accounts receivable & Cash application automation
- A global FinTech company selects Datamatics for developing next-generation digital experiences
- A UK based digital healthcare automation company selects Datamatics Intelligent Automation platform
- A leading supplier of water purification systems selects Datamatics for digitising Finance & Accounting operations
- A leading Logistics company expands relationship with Datamatics for digital technology support
- One of the fastest growing Insurance companies selects Datamatics for automating Underwriting process
Analyst Coverage
- Gartner recognizes Datamatics in 2022 Magic Quadrant for Finance & Accounting BPO Services. Recognizes Datamatics strengths such as, deep manufacturing experience, modular and customizable F&A products, and innovation focus on intelligent automation.
- Everest Group recognizes Datamatics TruCap+ in Intelligent Document Processing (IDP) – Technology Provider Landscape with Products PEAK Matrix® Assessment 2022
- Gartner recognizes Datamatics in the Vendor ID Tool: Natural Language Technologies
- Quadrant Knowledge Solutions recognizes Datamatics as the Leader in the SPARK Matrix™: Robotic Process Automation (RPA), 2022
- Zinnov recognizes Datamatics in the Zinnov Zones – Hyper Intelligent Automation – H1 2022
About Datamatics Global Services Limited
Datamatics (BSE: 532528 | NSE: DATAMATICS) a Digital Operations, Technology and Experiences company that provides intelligent solutions for data-driven businesses to increase productivity and enhance the customer experience. With a complete digital approach, Datamatics portfolio spans across Digital Technology Solutions, Business Process Management and Engineering Services powered by Artificial Intelligence. It has established products in Robotic Process Automation, Intelligent Document Processing, Business Intelligence and Automated Fare Collection. Datamatics does business with global customers across Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing. The Company has presence across 4 continents with major delivery centers in the USA, India, and Philippines. Lumina Datamatics, is a key player in the Publishing and e-Commerce BPM space, has delivery centers in the USA and India. To know more about Datamatics, visit www.datamatics.com
Safe Harbour
Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.
For media queries, please contact:
Amit Nagarseker
Marketing & Corporate Communications
amit.nagarseker@datamatics.com
Asha Gupta
Investor Relation Practice, E&Y LLP
Asha.Gupta@in.ey.com
