RS Software has 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.
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. 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 include revenue in rupee terms with Rs. 96 crore representing Y-o-Y growth of 20%. Operating profit went up by 95% y-o-y, at 20% growth of Revenues y-o-y. The net margins were at 15%; up from 12% in the same quarter last year.
