Oracle Financial Services Software Ltd's Q1FY19 consolidated net profit rises 70.41% qoq to Rs401.80 cr : Beats Estimates

The company’s consolidated revenue stood at Rs1,344.80 cr, up 25.09% qoq and 11.72% yoy.

Aug 13, 2018 04:08 IST India Infoline Research Team

Oracle Financial Services Software Ltd Q1FY19

Consolidated Results Q1FY19: (Rs in cr)

Q1FY19 QoQ (%)
Revenue 1,344.80 25.1
EBITDA 624.40 77.2
EBITDA Margin (%) 46.4 1,365
Net Profit (adjusted) 401.80 70.4
***EBITDA margin change is bps
Oracle Financial Services Software reported disappointing set of numbers on all fronts for Q1FY19. The revenue increased by 25.1% qoq and 11.7% yoy to Rs1,344.8cr. EBITDA came in at Rs624.4cr, up 77.2% qoq and 20.5% yoy. EBITDA margin at 46.43% was higher by 1,365bps qoq and 337bps yoy. Reported PAT came in at Rs401.8cr, up 70.4% qoq and 8.7% yoy.
  • Product business which contributes 89% to revenue grew by 28% qoq.
  • Services and BPO business grew by 3% and 5% respectively on a sequential basis.
  • The company signed license fee of $28mn during this quarter with customers in 35 countries across the globe.
  • 21 customers went live on Oracle Financial Services software products during the quarter.

Technical View:

Oracle Financial Services Software Ltd is currently trading at Rs. 3,968, up by 62.95 points or 1.61% from its previous closing of Rs. 3,905.05 on the BSE.
The scrip opened at Rs. 3,923.90 and has touched a high and low of Rs. 3,968.85 and Rs. 3,908 respectively. So far 34,333 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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