Oracle Financial Services Software Ltd Q2 consolidated net profit at Rs. 392.06 crore

ORACLE FINANCIAL SERVICES SOFTWARE LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1215.05 crores during the period ended September 30, 2020 as compared to Rs.1385.02 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.392.06 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.493.79 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.45.44 for the period ended September 30, 2020 as compared to Rs.55.65 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 1215.05 crs	₹ 1385.02 crs	-12.27%
Net Profit	₹ 392.06 crs	₹ 493.79 crs	-20.6%
EPS	₹ 45.44	₹ 55.65	-18.35%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1215.05 crores during the period ended September 30, 2020 as compared to Rs.1208.61 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.392.06 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.371.31 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.45.44 for the period ended September 30, 2020 as compared to Rs.41.65 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 1215.05 crs	₹ 1208.61 crs	0.53%
Net Profit	₹ 392.06 crs	₹ 371.31 crs	5.59%
EPS	₹ 45.44	₹ 41.65	9.1%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2600 crores during the 6 months period ended September 30, 2020 as compared to Rs.2515.74 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.877.87 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.755.47 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.101.07 for the 6 months period ended September 30, 2020 as compared to Rs.85.45 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 2600 crs	₹ 2515.74 crs	3.35%
Net Profit	₹ 877.87 crs	₹ 755.47 crs	16.2%
EPS	₹ 101.07	₹85.45	18.28%

Chet Kamat, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said, "I am pleased to report a robust quarter amidst the headwinds due to COVID-19. We signed new licenses of $13.4 million, which, despite a typical seasonal Q2 dip, were 11% higher year-over-year. Our margins continue to be strong. Operating income grew 11%, and net income rose 9%, both year-over-year. We have an exciting portfolio and are fully ready to help financial institutions accelerate their digital transformation initiatives as they respond to the changes in the economic environment."

Makarand Padalkar, Executive Director and Chief Financial Officer, Oracle Financial Services Software, said, "Our robust execution resulted in strong margin expansion. Our operating margins for the six months ended September 2020, expanded to 48% from 44% in the corresponding period last fiscal. Collections were good resulting in the days of sales outstanding at 55 days."

Shares of ORACLE FINANCIAL SERVICES SOFTWARE LTD. was last trading in BSE at Rs.3147.05 as compared to the previous close of Rs. 3143.95. The total number of shares traded during the day was 2266 in over 575 trades.

The stock hit an intraday high of Rs. 3165.35 and intraday low of 3118.05. The net turnover during the day was Rs. 7112570.

Source : Equity Bulls

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