RS Software announced the Company’s audited financial results for the third quarter ended 31st December 2013. The Company reported a net profit of Rs. 14 crore for the quarter ended 31st December 2013, up by 49% from Rs. 9.37 crore over Q3 of last fiscal.
In line with its consistent growth in business, the revenue of the company increased 20% Y-o-Y to Rs. 96 crore in the third quarter of FY13-14. The company registered a growth of 78% in its profit before tax for the quarter compared to the same quarter last financial year. The EPS improved from Rs. 8.17 in Q3 FY 13 to Rs. 11.39 in Q3 FY14. Profit after tax for the quarter increased 49% from the same quarter last financial year.
Commenting on the results, Mr. Raj Jain, Chairman & Managing Director, RS Software India Ltd said, “This is the highest ever quarterly profit recorded at RS Software, and it is very heartening to see this performance which is reinforcing the continued good performance that started 6 years ago. RS Software is committed to leverage the dynamic developments in the Trillion dollar Electronic payments industry, and this performance only validates its consistent progress in achieving the distinction of being a domain player in the IT services industry. We see demand recovery in the U.S. which bodes well for our business. We are confident that given the improving market conditions and the potential growth in the electronic payments industry, RS Software will consistently tread a high growth trajectory.”
Consolidated results for the quarter ended 31st December 2013
§ Revenue in Rupee terms was Rs. 96 crore representing Y-o-Y growth of 20%.
§ Revenue in US$ terms was US$ 15.46 mn, representing a Y-o-Y increase of 8%,
§ Operating profit up by 95% y-o-y, at 20% growth of Revenues y-o-y,
§ Profit Before Tax (PBT) was Rs. 20 crore, representing a Y-o-Y growth of 78%.
§ Profit after Tax (PAT) was Rs. 14 crore, representing a Y-o-Y growth of 49% and Q-o-Q growth of 10%.
§ The net margins were at 15%; up from 12% in the same quarter last year.
§ Earnings per share (EPS) for the current quarter are at Rs. 11.39 against Rs. 8.17 in the same quarter last year
§ Book Value per share grew by 31% from Rs 99.65 in Q3 last year to Rs. 130.60 in Q3.
§ Interim Dividend declared @ 10%
In line with its consistent growth in business, the revenue of the company increased 20% Y-o-Y to Rs. 96 crore in the third quarter of FY13-14. The company registered a growth of 78% in its profit before tax for the quarter compared to the same quarter last financial year. The EPS improved from Rs. 8.17 in Q3 FY 13 to Rs. 11.39 in Q3 FY14. Profit after tax for the quarter increased 49% from the same quarter last financial year.
Commenting on the results, Mr. Raj Jain, Chairman & Managing Director, RS Software India Ltd said, “This is the highest ever quarterly profit recorded at RS Software, and it is very heartening to see this performance which is reinforcing the continued good performance that started 6 years ago. RS Software is committed to leverage the dynamic developments in the Trillion dollar Electronic payments industry, and this performance only validates its consistent progress in achieving the distinction of being a domain player in the IT services industry. We see demand recovery in the U.S. which bodes well for our business. We are confident that given the improving market conditions and the potential growth in the electronic payments industry, RS Software will consistently tread a high growth trajectory.”
Consolidated results for the quarter ended 31st December 2013
§ Revenue in Rupee terms was Rs. 96 crore representing Y-o-Y growth of 20%.
§ Revenue in US$ terms was US$ 15.46 mn, representing a Y-o-Y increase of 8%,
§ Operating profit up by 95% y-o-y, at 20% growth of Revenues y-o-y,
§ Profit Before Tax (PBT) was Rs. 20 crore, representing a Y-o-Y growth of 78%.
§ Profit after Tax (PAT) was Rs. 14 crore, representing a Y-o-Y growth of 49% and Q-o-Q growth of 10%.
§ The net margins were at 15%; up from 12% in the same quarter last year.
§ Earnings per share (EPS) for the current quarter are at Rs. 11.39 against Rs. 8.17 in the same quarter last year
§ Book Value per share grew by 31% from Rs 99.65 in Q3 last year to Rs. 130.60 in Q3.
§ Interim Dividend declared @ 10%
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