Majesco Ltd Q4 consolidated PAT at Rs. 23.41 crore

Majesco Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.283.06 crores during the period ended March 31, 2020 as compared to Rs.269.35 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.23.41 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.23.43 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.7.91 for the period ended March 31, 2020 as compared to Rs.7.88 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 283.06 crs	₹ 269.35 crs	5.09%
Net Profit	₹ 23.41 crs	₹ 23.43 crs	-0.09%
EPS	₹ 7.91	₹ 7.88	0.38%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.283.06 crores during the period ended March 31, 2020 as compared to Rs.267.20 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.23.41 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.8.55 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.7.91 for the period ended March 31, 2020 as compared to Rs.2.90 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 283.06 crs	₹ 267.20 crs	5.94%
Net Profit	₹ 23.41 crs	₹ 8.55 crs	173.8%
EPS	₹ 7.91	₹ 2.90	172.76%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.1062.20 crores during the 12 months period ended March 31, 2020 as compared to Rs.1016.20 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.69.14 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.54.04 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.23.45 for the 12 months period ended March 31, 2020 as compared to Rs.18.36 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 1062.20 crs	₹ 1016.20 crs	4.53%
Net Profit	₹ 69.14 crs	₹ 54.04 crs	27.94%
EPS	₹ 23.45	₹18.36	27.72%

Commenting on Q4FY20 Performance, Adam Elster, Chief Executive Officer of Majesco, said: "We are living in unique times; times none of us have experienced before, and our number one priority is to protect the health and safety of our employees, customers, partners and the communities in which we operate. We were an early adopter of the 'work from home' transition, and all Majesco's global employees have been operating remotely since March 16th. We have successfully managed all customer expectations, while ensuring our business continuity, seamless focus and commitment to projects and services."

He further added, "Fiscal 2020 was a record year for Majesco, demonstrating the success of our cloud product-based strategy. Companies of all sizes are turning to Majesco to partner with us on their digital transformation journey. I am more excited than ever about the opportunity ahead, the future of Majesco and the insurance industry. Our relentless focus on delivering innovation and customer success has solidified our leadership. We remain confident in our strategy, committed to its execution and believe we have the right platform in place to handle the near-term challenges associated with COVID-19, while continuing to pursue long-term growth opportunities."

Farid Kazani, Managing Director & Group CFO, Majesco Ltd said: "The fiscal year 2020 witnessed strong year over year growth of 34% in our product recurring revenue. The investments in the product R&D have started to bear the fruits which is demonstrated in the Adjusted EBITDA performance in the year improving by 150 bps to 13.4% as compared to the previous year. The fourth quarter reflects a solid all-round performance with the 12-month order backlog finishing at a record high of US$109.8 million. We are confident that our focused execution, strong customer relationships and financial strength will help us to emerge strongly through this crisis."

Shares of Majesco Ltd was last trading in BSE at Rs.313.5 as compared to the previous close of Rs. 298.65. The total number of shares traded during the day was 14387 in over 367 trades.

The stock hit an intraday high of Rs. 313.55 and intraday low of 297. The net turnover during the day was Rs. 4489699.

Source : Equity Bulls

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