Helios and Matheson Information Technology Limited, leading system integrator focused on banking financial services and healthcare verticals reported its consolidated financial results for first quarter ended December 31, 2012.
Highlights for the Quarter ended December 31st, 2012 (Consolidated)
Revenue for Q1 FY’13 at Rs. 1403.3 Mn, a Y-o-Y growth of 37.9% and Q-o-Q growth of 10.1%
EBITDA for the quarter at Rs. 316.7 Mn, registering a growth of 44% Y-o-Y, while EBITDA margins improved from 21.6% to 22.6%
Net Profit at Rs.105.2 Mn, a Y-o-Y growth of 92%, while the Net Profit Margin witnessed a 39.4% growth to 7.5%
The group witnessed positive business traction from banking financial services and healthcare sectors contributing 60.5% of total revenues
Top 10 clients contributed 49.1% of revenue in Q1FY’13
Earnings per share (annualized) at Rs.17.6
Gross Addition of 281 Employees (Net Addition: 189), attrition at 12.4%
2 New clients added
The group derived 93.1% of its total business from repeat clients
Commenting on the performance, Chief Executive Officer and Managing Director, G.K.Muralikrishna said: ‘It was a robust quarter. Inspite of the holiday season we were able to deliver a double digit increase in revenue quarter on quarter.
It is encouraging to see that revenue from BFSI sector has increased by 62.8% Y-o-Y during the last quarter. Other verticals too chipped in with strong performance. Our US subsidiary bagged a 3 year contract with a manufacturing giant. On the back of sustained profitable performance the NASDAQ listed subsidiary declared a 50% dividend’.