R S Software (India) disclosed a good increase in standalone net profit for the quarter ended December 2014. During the quarter, the profit of the company rose 27.04% to Rs 170.10 million from Rs 133.90 million in the same quarter previous year.
Net sales for the quarter rose marginally 0.58% to Rs 879.60 million, compared with Rs 875 million for the prior year period.
Earnings per share for the quarter stood at Rs 13.26, registering 22.21% growth over previous year period.
The company's consolidated PAT rose 25.85% to Rs 176.2 million in Q3FY15 compared to Rs 140 million in Q3FY14.
EBIDTA stood at Rs 264.6 million from Rs 221.4 million in the same period last year & EBIDTA margin was 27 % in Q3FY15 compared to 23 % Q3FY14.
Earnings per share (EPS) for the quarter are Rs 13.75 against Rs 11.39 in the same quarter of the previous year.
Commenting on the results, Raj Jain, chairman & managing director, RS Software India said, ''Our third quarter has achieved a record profit in the history of the company, highest profit after taxes, with EBIDTA margins at 27% as compared to 23% during the same quarter in the last fiscal year. This has been possible due to significant shift of business execution to India location, which does reward superior contribution but has the impact of lowering the top line, and hence revenue growth is 2%. The board has announced an interim dividend of 15%, which again creates a record for a cumulative interim dividend in a period of 9 months. The networth of the company has also gone up by 30% and profit after taxes have gone up by 36% as compared to 9 months of the last fiscal year. ''
Quarterly Results - Standalone (Rs in mn) |
As at | Dec - 14 | Dec - 13 | %Change |
Net Sales | 879.60 | 874.50 | 0.58 |
Net Profit | 170.10 | 133.90 | 27.04 |
Basic EPS | 13.26 | 10.85 | 22.21 |
Shares of the company gained Rs 27.35, or 4.76%, to settle at Rs 602.15. The total volume of shares traded was 81,581 at the BSE (Tuesday).