Datamatics Global Services net up 68% at Rs 22 cr

Datamatics Global Services (DGSL),the global Information Technology (IT) and Knowledge Process Outsourcing (KPO) organization partnering several Fortune 500 companies globally for delivering next-generation business solutions today announced the financial results for the thirdquarter ended as on December 31, 2011.

9MFY12 Performance – Consolidated basis

• The Company’s net sales increased by 59.5% from Rs. 203.31 crore for 9MFY11 to Rs. 324.20 crore for 9MFY12
• EBIDTA for 9MFY12 stood at Rs. 32.16 crore, up 161.3% against 9MFY11
• The Company’s net profit during 9MFY12 registered an increase of 67.9% to Rs. 21.99 crore as compared to 9MFY11.
• Earnings per share stood at Rs. 3.73 during 9MFY12 as compared to Rs. 2.20 during 9MFY11
• The Company’s revenues during 9MFY12 accounted for 117.8% of the total revenues during FY11
• The Company’s net profit during 9MFY12accounted for 105.8% of the net profits during FY11

Q3FY12 Performance – Consolidated basis (Q-o-Q)

• The Company’s revenues increased by 6.6% to Rs. 114.81 crore as compared to Rs.107.71 crore during Q2FY12
• EBIDTA increased by 26.3% to Rs.13.51 crore as compared to Rs.10.70crore in Q2FY12
• EBIDTA margin improved by 183 bps to 11.8% as compared to 9.9% in Q2FY12
• Net profit for Q3FY12 improved by 38.3% toRs.8.82 crore as compared to Rs.6.38crore during Q2FY12
• Q3FY12 Performance – Standalone basis (Q-o-Q)
• The Company’s revenues increased by 9.5% to Rs.44.01 crore as compared to Rs.40.17crore during Q2FY12
• EBIDTA increased by 12.9% to Rs.7.18crore as compared to Rs.6.36crore in Q2FY12
• Net profit registered a 6.6% growth at Rs.5.60crore as compared to Rs.5.25crore during Q2FY12

Commenting on the performance, Mr. Rahul Kanodia, Vice Chairman & CEO, Datamatics Global Services, said: “The quarterly numbers remain in line with our projected growth for the financial year. Being a largely export-driven company, the appreciation in the value of US Dollar also had a positive impact. Having created a reputed business model, we are confident of posting a decent growth in the coming quarters as well.”