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Datamatics Q1FY24 Revenue up 19.6% YoY to ₹ 391.1 crore; EBIT up by 49.2% YoY to ₹ 58.6 crore
10th August, 2023, Mumbai: Datamatics Global Services Ltd. (DGSL), a global Digital Technologies, Operations, and Experiences company, today announced its standalone and consolidated financial results for the first quarter that ended June 30, 2023.
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 Year-on-Year 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”.
Key Financial Highlights – Q1FY24
|Particulars (₹ in Crore)||Q1 FY24||Q1 FY23||YoY %||Q4 FY23||QoQ %|
|Revenue from Operations||391.1||326.9||19.6%||416.3||(6.1%)|
|EBITDA Margin %||17.3%||14.6%||270bps||20.2%||(288bps)|
|EBIT Margin %||15.0%||12.0%||297bps||18.1%||(310bps)|
|PAT (After NCI)||55.1||43.4||26.9%||59.7||(7.8%))|
|PAT Margin %||13.8%||12.8%||100bps||14.2%||(40bps))|
|EPS (Basic & Diluted) (₹)||9.34||7.36||26.9%||10.13||(7.8%)|
|Balance Sheet Highlights (₹ in Crore)||Q1FY24||FY23||FY22|
Total Cash & Investments (net of debt)
About Datamatics Global Services Limited
Datamatics (BSE: 532528 | NSE: DATAMATICS) a Digital Technology, Operations, 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
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.
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Datamatics is a Digital Technologies, Operations, and Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage.