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Oracle Financial Services Software Q4FY16 consolidated net profit declines 22.5% qoq to Rs.224.36 crore : Estimates Mixed

The company’s consolidated revenue stood at Rs. 1,012.99 crore, down 0.67% qoq but up 6.66% yoy.

May 12, 2016 10:39 IST | India Infoline News Service
Oracle Financial Services Software, IT solution provider to the banking industry, reported consolidated net profit of Rs.224.36 crore for the quarter ended March 31, 2016, registering decline of 22.5% qoq and 2.61% yoy. The company’s revenue stood at Rs. 1,012.99 crore, declining 0.67% qoq but grew by 6.66% yoy.

It's consolidated operating profit of Rs. 363.55 crore for the quarter, declined 9.85% qoq and 1.82% yoy. Operating profit margin for the current quarter at 35.89% contracted by 365 bps qoq and 310 bps yoy.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 1,165.78 crore, down by 2.23% yoy. It's consolidated revenue for the current period stood at Rs. 4,092.80 crore, registering growth of 4.81% yoy.

Oracle Financial Services Software Ltd's consolidated core operating profit for the current period stood at Rs. 1,680.69 crore, increasing by 8.38% yoy. Operating margin for the current period at 39.86% expanded by 209 bps yoy.

On standalone basis, the company reported net profit of Rs.183.84 crore for the quarter ended March 31, 2016, registering decline of 21.42% qoq and 8.75% yoy. It’s revenue stood at Rs. 865.12 crore, declining 2.87% qoq but grew by 5.72% yoy.

Oracle Financial Services Software Ltd's operating profit of Rs. 298.28 crore for the quarter, declined 14.95% qoq and 2.65% yoy. Operating profit margin for the current quarter at 34.48% contracted by 489 bps qoq and 296 bps yoy.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 928.85 crore, down by 12.21% yoy. It's standalone revenue for the current period stood at Rs. 3,486.81 crore, registering growth of 4.36% yoy.

Oracle Financial Services Software Ltd's core operating profit for the current period stood at Rs. 1,364.37 crore, increasing by 4.86% yoy. Operating margin for the current period at 38.2% contracted by 74 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 1012.99 1046.5 [3.20]
Consolidated Net Profit 224.36 269.68 [16.81]

Bloomberg estimated the company’s consolidated net profit at Rs. 320.80 crore.

Management Comments:Corporate Action: Oracle Financial Services Software at its meeting held on May 11, 2016 has recommended a final dividend of Rs. 100/- per equity share of face value of Rs. 5 each for the financial year ended March 31, 2016, subject to the approval of the members of the Company at the forthcoming Annual General Meeting.

Stock Commentary:

Oracle Financial Services Software Ltd is currently trading at Rs. 3481.05, down by 20.3 points or 0.58% from its previous closing of Rs. 3501.35 on the BSE.

The scrip opened at Rs. 3500 and has touched a high and low of Rs. 3501.85 and Rs. 3445.4 respectively. So far 6960(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 29717.59 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4446.6 on 19-Aug-2015 and a 52 week low of Rs. 3106 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 3588.2 and Rs. 3443.3 respectively.

The promoters holding in the company stood at 74.3 % while Institutions and Non-Institutions held 17.43 % and 8.27 % respectively.


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