Datamatics Q1FY21 EBIDTA at INR 285.6 Million

Datamatics Global Services Ltd. (DGSL), a global Technology, BPM and Digital Solutions company, today announced the financial results for the first quarter ended June 30, 2020.

Consolidated Financial Highlights - Q1FY21

- Revenue at INR 2,770.9 million; down 4.5% y-o-y and down 10.7% q-o-q
- EBITDA at INR 285.6 million; down 19.4% y-o-y and up 1.2% q-o-q
- EBITDA margin was at 10.3%; down 190 bps y-o-y and up 122 bps q-o-q. The margin was mainly impacted due to COVID-19
- PAT (after non-controlling interest) at INR 135.1 million; down 29.8% y-o-y and up 17.0% q-o-q
- EPS (Diluted) at INR 2.29 for Q1FY21 as against INR 3.26 in Q1FY20 and INR 1.96 in Q4FY20

Commenting on the results and financial performance, Rahul Kanodia, Vice Chairman and CEO said, "The pandemic has scaled back on certain projects and delayed decisions on newer ones. This has impacted the quarter revenues and margins. Simultaneously, we have taken steps to reduce operating costs, however its effect will be seen in subsequent quarters. We are seeing green shoots of business recovery and are confident that we will be back on the growth path."

Operational Highlights

- For Q1FY21, USA continues to be major contributor at 54% whereas contributions from UK, Europe, India and Rest of World stood at 13%, 5%, 20% and 8% respectively

- In terms of sectorial contribution to the revenue, BFSI, Technology & Consulting and Education & Publishing were the top three sectors contributing 29%, 22% and 19% respectively

- Top 5 clients contributed 25%; top 10 clients contributed 35%, whereas contribution from top 20 clients to the revenue for stood at 48%

Shares of DATAMATICS GLOBAL SERVICES LTD. was last trading in BSE at Rs.68.2 as compared to the previous close of Rs. 67.65. The total number of shares traded during the day was 22171 in over 407 trades.

The stock hit an intraday high of Rs. 72.15 and intraday low of 66.5. The net turnover during the day was Rs. 1538567.

Source : Equity Bulls

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