Datamatics Global Services (DGSL) has announced the financial results for the first quarter ended as on June 30, 2012. The Company witnessed increase in the revenues by 20.9% to Rs. 122.89 crore as compared to Rs. 101.68 crore in Q1FY12. EBIDTA increased by 14.1% to Rs. 13.33 crore as compared to Rs. 11.69 crore in Q1FY12 whereas, EBIDTA margin decreased by 6 bps to 10.8% as compared to 11.5% in Q1FY12.
The result also highlighted that Net profit after minority interest has also improved by 13.0% at Rs. 7.68 crore as compared to Rs. 6.80 crore during Q1FY12 and Earnings per share stood at Rs. 1.30 during Q1FY13 as compared to Rs. 1.15 during Q1FY12.
Rahul Kanodia, VC & CEO, Datamatics Global Services, said, “Q1FY13 was a tough quarter on many counts in wake of slowing economy, deferred order flows and constant pressure to control costs. At Datamatics, we have always believed that tough situations bring out a company’s true character. Last quarter we also benefitted due to favourable currency movement. With the growth achieved during the quarter, we are proud of the robust foundations of our business and are also confident of continuing the momentum of growth in the coming quarters.”
