Q3 FY23 Bumper results.
Q3FY23 Revenue up by 27.7% Y-o-Y to Rs 1,351 million
PERFORMANCE HIGHLIGHTS
Consolidated Q3FY23 Q-o-Q Review
• The operating revenue was Rs 1,351 million in Q3FY23 as compared to Rs 1,310 millionin Q2FY23, reflecting a growth of 3.1%.
• Total income was Rs 1,467 million in Q3FY23 as compared to Rs 1,328 million in Q2FY23, reflecting a growth of 10.4%.
• EBITDA stood at Rs 315 million with the margin at 23.3% in Q3FY23 as compared to Rs 289 million with the margin at 22.1% in Q2FY23, upward movement of 122bps.
• Profit after tax stood at Rs 294 million in Q3FY23 as compared to Rs 185 million in Q2FY23, reflecting a growth of 58.8%.
• Basic EPS stood at Rs 28.22 as compared to Rs 17.17 for Q2FY23.
• The Company’s net cash position stood at Rs 1,599 million in Q3FY23 as compared to
Rs 1,082 million in Q2FY23.
Consolidated Q3FY23 Y-o-Y Review
• The operating revenue was Rs 1,351 million in Q3FY23 as compared to Rs 1,058 million in Q3FY22, reflecting a growth of 27.7%.
• Total income was Rs 1,467 million in Q3FY23 as compared to Rs 1,063 million in Q3FY22, reflecting a growth of 38.0%.
• EBITDA stood at Rs 315 million with the margin at 23.3% in Q3FY23 as compared to Rs 187 million with the margin at 17.7% in Q3FY22, reflecting a growth of 559bps.
• Profit after tax stood at Rs 294 million in Q3FY23 as compared to Rs 116 million in Q3FY22, reflecting a growth of 153.7%.
• Basic EPS stood at Rs 28.22 as compared to Rs 11.10 for Q3FY22, reflecting a growth of 154.3%.7
• The Company’s net cash position stood at Rs 1,599 million in Q3FY23 as compared to Rs 1,633 million in Q3FY22.
Consolidated 9MFY23 Y-o-Y Review
• The operating revenue was Rs 3,936 million as compared to Rs 2,910 million in 9MFY22, reflecting a growth of 35.3%.
• Total income was Rs 4,048 million as compared to Rs 2,936 million in 9MFY22, reflecting a growth of 37.9%.
• EBITDA stood at Rs 871 million with the margin at 22.1% in 9MFY23 as compared to Rs 524 million with the margin at 18.0% in 9MFY22.
• Profit after tax stood at Rs 656 million as compared to Rs 361 million in 9MFY22.
• Basic EPS stood at Rs 52.58 as compared to Rs 34.40 in 9MFY22.
• The Company’s net cash position stood at Rs 1,599 million in 9MFY23 as compared to Rs 1,633 million in 9MFY22.
Comments by Mr. Balaji Viswanathan, Managing Director & CEO:
“In a seasonally weak quarter, we reported revenue growth of 27.7% on a year-on-year basis. The
outlook remains quite positive albeit with some caution due to several global economic conditions.
We signed several new clients and renewed some of our critical engagements. The Digital and new
generation testing services continues to show growth and so was our Data Management practice
that we added in 2022.
Our focus and investments in people, technology and partnerships in the Digital transformation capabilities are enabling the growth in our capability and enhancing our position as a Digital
Transformation and Assurance partner.
We continue to focus on our costs which is reflecting in the continued increase in our net profit and
better cash positions.
Talent acquisition and attrition saw a slight respite in this quarter, however the demand and the
challenge in finding the right skills is still high. We are focusing on graduate hiring and upskilling
in 2023.
Finally, the merger process is still underway and awaiting the orders from NCLT which is expected in February 2023.”
Press release:
b21fa44e-b9d9-4285-9a17-fe2f987930dc.pdf (bseindia.com)
Investor Presentation:
10d4973a-b51d-4502-8124-cdb4f2a61d15.pdf (bseindia.com)