DGSL announces Net Sales up by 17.9% YoY in Q1FY14
Datamatics Global Services (DGSL) has announced the financial results for the first quarter ended as on June 30, 2013. In this quarter, the company’s revenues on a consolidated basis increased by 17.9% to Rs. 144.92 crore as compared to Rs.122.89 crore in Q1 FY13. The EBIDTA margin improved by 170 bps to 13%, as compared to 11.3% in Q1 FY13.
During Q1 FY14, the net profit after minority interest improved by 41.5% at Rs.10.87 crore as compared to Rs.7.68 crore during Q1 FY13 and earnings per share (EPS) stood at Rs.1.84 during Q1 FY14 as compared to Rs.1.30 during Q1 FY13.
On the other hand, on the standalone basis, the quarter performance showed revenues at Rs.46.82 crore as compared to Rs.46.97 crore during Q4 FY13. EBIDTA increased by 3.12% to Rs.11.69 crore as compared to Rs.11.34 crore in Q4 FY13, whereas net profit after minority interest increased by 11.16% at Rs. 7.72 crore as compared to Rs.6.94 crore during Q4 FY13.
Rahul Kanodia, Vice-Chairman & CEO, Datamatics Global Services, said, Our performance comes in the wake of an improving economic environment in Europe and US, coupled with the appreciation in foreign exchange during the quarter under review. These external factors coupled with our consistent efforts to strengthen our cost and quality propositions have all started reflecting in the numbers of the past quarter. As far as India is concerned, we would continue to pursue the margin business over volume business until the economy stabilizes.
In this financial quarter, DGSL has partnered with several Fortune 500 companies.
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