Annual revenue up 21.5% YoY to ₹ 1459.2 crore; EBIT up by 29.8% YoY to ₹ 207.6 crore
28th April, 2023, Mumbai: Datamatics Global Services Ltd. (DGSL), a global Digital Operations, Technology and Experiences company, today announced its standalone and consolidated financial results for the fourth quarter and full year ended March 31, 2023.
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.”
The Board of Directors has recommended total dividend of ₹ 5/- (i.e. 100%) of the face value of ₹ 5/- each which includes ₹ 3.75/-final dividend and ₹ 1.25/- special dividend per share for the year ended in March 2023.
Key Financial Highlights – Q4FY23
| Particulars (₹ in Crore) | Q4 FY23 | Q4 FY22 | YoY % | Q3 FY23 | QoQ % |
| Revenue from Operations | 416.3 | 313.3 | 32.9% | 372.6 | 11.7% |
| EBITDA | 84.1 | 51.5 | 63.5% | 59.0 | 42.7% |
| EBITDA Margin % | 20.2% | 16.4% | 378bps | 15.8% | 439bps |
| EBIT | 75.3 | 42.3 | 78.0% | 50.2 | 50.0% |
| EBIT Margin % | 18.1% | 13.5% | 458bps | 13.5% | 462bps |
| PBT | 80.1 | 53.0 | 51.1% | 60.2 | 33.0% |
| PBT (After NCI) | 59.7 | 45.6 | 30.9% | 45.9 | 30.2% |
| PAT Margin % | 14.2% | 14.0% | 15bps | 12.0% | 220bps |
| EPS (Diluted) (₹) | 10.13 | 7.73 | 31.1% | 7.78 | 30.2% |
Key Financial Highlights – FY23
| Particulars (₹ in Crore) | FY23 | FY22 | YoY % |
| Revenue from Operations | 1,459.2 | 1201.0 | 21.5% |
| EBITDA | 242.6 | 193.3 | 25.5% |
| EBITDA Margin % | 16.6% | 16.1% | 53bps |
| EBIT | 207.6 | 160.0 | 29.8% |
| EBIT Margin % | 14.2% | 13.3% | 91bps |
| PBT (Before Exceptional Item) | 243.4 | 183.4 | 32.7% |
| PBT (After Exceptional Item) | 243.4 | 192.0 | 26.7% |
| PAT (After NCI) | 189.0 | 157.5 | 20.0% |
| PAT Margin % | 12.6% | 12.8% | (22bps) |
| EPS (Basic & Diluted) (₹) | 32.05 | 26.71 | 20.0% |
| Balance Sheet Highlights (₹ in Crore) | FY23 | FY22 | FY21 |
| Total Cash & Investments (net of debt) | 498.2 | 428.4 | 262.0 |
| DSO (Days) | 67 | 74 | 65 |
Operational Highlights
Analyst Coverage
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 / Pratik Jagtap
Investor Relation Practice, E&Y LLP