Invest
27 Years
4.4 Star
1 Crore +
IT Consulting & Software company Datamatics Global Services announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Revenue from Operations: Rs 412.7 crore; increased by 11.8% QoQ and decreased by 0.9% YoY.
- EBITDA: Rs 64.7 crore; increased by 22.8% QoQ and decreased by 23.2% YoY.
- EBITDA Margin: 15.7%; increased by 141 basis points (Bps) QoQ and decreased by 455 Bps YoY.
- EBIT: Rs 55.9 crore; increased by 27.8% QoQ and decreased by 25.8% YoY.
- EBIT Margin: 13.5%; increased by 170 Bps QoQ and decreased by 455 Bps YoY.
- Profit Before Tax (PBT): Rs 71.3 crore; increased by 32.6% QoQ and decreased by 11.0% YoY.
- Profit After Tax (PAT) (After Non-Controlling Interest): Rs 52.5 crore; increased by 27.2% QoQ and decreased by 12.0% YoY.
- PAT Margin: 12.3%; increased by 138 Bps QoQ and decreased by 191 Bps YoY.
- Diluted Earnings Per Share (EPS): Rs 8.90; increased by 27.1% QoQ and decreased by 12.1% YoY.
FY24 Financial Highlights:
- Revenue from Operations: Rs 1,549.9 crore; increased by 6.2% YoY.
- EBITDA: Rs 244.0 crore; increased by 0.6% YoY.
- EBITDA Margin: 15.7%; decreased by 88 basis points (Bps) YoY.
- EBIT: Rs 207.7 crore; remained almost unchanged with a marginal increase of 0.1% YoY.
- EBIT Margin: 13.4%; decreased by 82 Bps YoY.
- Profit Before Tax (PBT): Rs 250.8 crore; increased by 3.1% YoY.
- Profit After Tax (PAT) (After Non-Controlling Interest): Rs 198.2 crore; increased by 4.9% YoY.
- PAT Margin: 12.4%; decreased by 19 Bps YoY.
- Diluted Earnings Per Share (EPS): Rs 33.60; increased by 4.9% YoY.
Commenting on Q4FY24 results, Rahul Kanodia, Vice Chairman and CEO, said, "We are happy to end Q4FY24 on a healthy note. Our revenue increased by 11.8% QoQ and EBIT increased by 27.8% QoQ. For FY24, we witnessed a revenue growth of 6.2% over FY23."
He further added, “As we step into FY25, we will continue to focus on the Western markets, strengthen capabilities along hyper-scalers, and penetrate deeper into existing accounts. In line with this, we recently acquired Dextara Digital, a premier provider of Salesforce services. We remain bullish on the opportunities that Artificial Intelligence presents and have incorporated GenAI in our Intelligent Automation suite of products. We have strengthened the management team and will continue to do so through the course of the next year.”
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