Datamatics FY20 revenue at INR 12,033.2 Million; up 6.2% y-o-y

Datamatics Global Services Ltd. (DGSL), a global Technology, BPM and Digital Solutions company, today announced the financial results for the fourth quarter and full year ended March 31, 2020.

Consolidated Financial Highlights - FY20

- Revenue at INR 12,033.2 million; up 6.2% in rupee terms and 5.5% in constant currency y-o-y
- Reported EBITDA at INR 1,235.7 million; down 7.7% y-o-y
- Reported EBITDA margin was at 10.3%; down 154 bps y-o-y. The margin was mainly impacted due to our continuous investment in building RPA product and Covid-19 pandemic crisis.
- FY20 witnessed one time exceptional cost of goodwill impairment of INR 157.7 million which resulted in to a lower PBT of INR 878.9 million, adjusted PBT without the goodwill impairment cost was INR 1,036.6 million for the year under review as against PBT of INR 1,147.5 million in FY19
- PAT (after minority interest) at INR 638.6 million for FY20 as against INR 745.1 million in FY19
- EPS (Diluted) at INR 10.83 for FY20 as against INR 12.53 in FY19

Consolidated Financial Highlights - Q4FY20

- Revenue at INR 3,103.8 million; up 1.1% y-o-y and up 1.4% q-o-q
- Reported EBITDA at INR 282.1 million; down 28.0% y-o-y and up 7.4% q-o-q
- Reported EBITDA margin was at 9.1%; down 367 bps y-o-y and up 51 bps q-o-q. The margin was mainly impacted due to our continuous investment in building RPA products and Covid-19 pandemic crisis.
- The quarter witnessed one time exceptional cost of goodwill impairment of INR 157.7 million which resulted in to a lower PBT of INR 100.3 million, adjusted PBT without the goodwill impairment cost was INR 258.0 million for Q4FY20 as against INR 210.3 million in Q3FY20 and INR 355.3 million in Q4FY19
- PAT (after minority interest) at INR 115.5 million for the quarter under review as against INR 252.5 million in Q4FY19 and INR 131.3 million in Q3FY20
- EPS (Diluted) at INR 1.96 for Q4FY20 as against INR 4.27 in Q4FY19 and INR 2.23 in Q3FY20

Commenting on the results and financial performance, Rahul Kanodia, Vice Chairman and CEO said, "These are unprecedented times, and I would like to thank all Datamaticians, who worked 24/7 to ensure employee safety and honor all our customer commitments.

The crisis created by COVID 19 has weighed on our Q4 performance, which in turn has also impacted our overall annual results. Nevertheless, given our broad service portfolio and wider industry presence, I am hopeful that we will navigate the stress in the coming year."

Shares of DATAMATICS GLOBAL SERVICES LTD. was last trading in BSE at Rs.47 as compared to the previous close of Rs. 47.4. The total number of shares traded during the day was 546 in over 20 trades.

The stock hit an intraday high of Rs. 49.4 and intraday low of 47. The net turnover during the day was Rs. 26229.

Source : Equity Bulls

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