R S Software (India), a vertically integrated technology solution, disclosed a consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 47.61% to Rs 163.4 million from Rs 110.7 million  in the same quarter last year.

Revenues for the quarter rose 9.68% to Rs 986.2 million, compared with Rs 899.2 million for the prior year period.

EBIDTA stood at Rs 250 million from Rs 180 million in the same period last year & EBIDTA margin was 25% in Q1FY15 compared to 20% Q1FY14.

Earnings per share (EPS) for the quarter were at Rs. 12.76 against Rs. 9.14 in the same quarter of the previous year.

Commenting on the results, Raj Jain, chairman & MD, RS Software India said, ''First quarter financial performance is in line with our expectation and we expect to maintain our growth momentum in rest of the financial year, with focus on our profitability in particular. Our belief comes from the faster shift in the cashless transaction and e-commence market.  The global electronic payments market is forecasted to reach USD 24 Trillion by 2018, riding on online and mobile use adding to an influx of payment options''.

Shares of the company gained Rs 10, or 2.68%, to trade at Rs 383.70. The total volume of shares traded was 184,460 at the BSE (3.47 p.m., Friday).