RS Software - Q4FY13 results - Nirmal Bang

- For Q4FY13 Sales were down 1.7% QoQ at Rs.76.2 crore
- Margins have grown by 440 bps QoQ on the back of lower employee costs
- PAT after associate share remained flat QoQ at Rs.8.5 crore
- For FY13, Sales have gone up 20.5% YoY
- Margins have grown by 90 bps YoY
- PAT has grown by 29% YoY
- Stock is trading 5x its annualized earnings

Source : Equity Bulls

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