R Systems International Ltd posts Rs. 46.16 crore consolidated PAT in Q2CY21

R Systems International Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q2 CY2021) - QoQ Comparison

The company has reported total income of Rs.298.68 crores during the period ended June 30, 2021 as compared to Rs.252.86 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.46.16 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.24.88 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.3.86 for the period ended June 30, 2021 as compared to Rs.2.08 for the period ended March 31, 2021.

Financials	Q2 CY2021	Q1 CY2021	% Change
Total Income	₹ 298.68 crs	₹ 252.86 crs	18.12%
Net Profit	₹ 46.16 crs	₹ 24.88 crs	85.53%
EPS	₹ 3.86	₹ 2.08	85.58%

Financial Results (Q2 CY2021) - YoY Comparison

The company has reported total income of Rs.298.68 crores during the period ended June 30, 2021 as compared to Rs.214.32 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.46.16 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.15.97 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.3.86 for the period ended June 30, 2021 as compared to Rs.1.35 for the period ended June 30, 2020.

Financials	Q2 CY2021	Q2 CY2020	% Change
Total Income	₹ 298.68 crs	₹ 214.32 crs	39.36%
Net Profit	₹ 46.16 crs	₹ 15.97 crs	189.04%
EPS	₹ 3.86	₹ 1.35	185.93%

Financial Results (6 months ended CY 2021) - YoY Comparison

The company has reported total income of Rs.551.55 crores during the 6 months period ended June 30, 2021 as compared to Rs.422.35 crores during the 6 months period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.71.04 crores for the 6 months period ended June 30, 2021 as against net profit / (loss) of Rs.25.47 crores for the 6 months period ended June 30, 2020.

The company has reported EPS of Rs.5.94 for the 6 months period ended June 30, 2021 as compared to Rs.2.13 for the 6 months period ended June 30, 2020.

Financials	6 Months Ended CY2021	6 Months Ended CY2020	% Change
Total Income	₹ 551.55 crs	₹ 422.35 crs	30.59%
Net Profit	₹ 71.04 crs	₹ 25.47 crs	178.92%
EPS	₹ 5.94	₹2.13	178.87%

Dr. Rekhi Singh, Managing Director and CEO stated, "The health and safety of our employees is paramount to us, and we have organized vaccination for our employees and their families in addition to other welfare measures during the second pandemic wave in India." He added, "We had best-ever quarter with robust revenue growth and margins improvement. It is supported by new deal closures, deepened relationship with existing customers and continued traction towards digital and product engineering services."

He further added, "The business outlook has improved significantly over the last few quarters with strong demand environment, and we continue to invest in digital technologies, sales and marketing initiatives to fuel our growth engine."

Avirag Jain, Director and CTO said, "We have on-boarded 230 plus net associates during Q2-2021 to support the strong demand across geographies. The utilization for the quarter was impacted by project ramp ups and high attritions. We are committed for efficient operations while keeping bandwidth to offset near term attritions challenges." He further added, "We are concerned for safety and wellbeing of our employees and continue to implement work-from-home with necessary guidelines."

Shares of R Systems International Limited was last trading in BSE at Rs. 194 as compared to the previous close of Rs. 199.6. The total number of shares traded during the day was 32698 in over 1220 trades.

The stock hit an intraday high of Rs. 205.3 and intraday low of 193.1. The net turnover during the day was Rs. 6471009.

Source : Equity Bulls

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