Datamatics Q3FY22 EBITDA up by 30% YoY at Rs505 million

21 Jan 2022 , 12:37 PM

Datamatics Global Services Ltd. (DGSL), a global Digital Solutions, Technology and Business Process Management company, announced its standalone and consolidated financial results for the third quarter and nine months ended December 31, 2021.

Commenting on Q3FY22 results, Rahul Kanodia, MBA Columbia (USA), Vice Chairman and CEO said, “We are pleased to report another stable quarter backed by strong margins. Despite headwinds due to supply challenges and investments in talent acquisition, we have been able to maintain a decent EBITDA margin of 16.8% in the quarter. We have won several deals across IT and BPM segment during the quarter. Our commitment to a digital first customer experience remains central to our offering. We will continue to focus on deepening customer relationships with an emphasis on digital transformation.”

He further added, “I am glad to share that recently we were awarded the Automatic Fare Collection contracts for Delhi – Meerut Corridor by NCRTC and Kolkata Metro by Rail Vikas Nigam Limited. Additionally, we entered into a long-term strategic partnership with a global leader in workforce solutions for providing Digital Customer Management Solutions. We are witnessing a strong demand environment across sectors we operate in, and are well positioned to capitalize on this growth opportunity. I would like to thank our customers, stakeholders for continuing trust in us and Datamaticians for the dedicated performance.”

Further Sameer Kanodia, MBA Bryant University (USA), Managing Director & CEO of Lumina Datamatics said, “Our strong performance is a testament of the enormous confidence our clients have in us and unceasing hard work of our employees. We have consolidated our standing as a leading BPM player in the Publishing and e-Commerce space; in this space over half of the largest Publishers and some of the largest e-Retailers worldwide are giving us increasing business.”

Key Financial Highlights — Q3FY22

Particulars (₹ in Mn)	Q3 FY22	Q3 FY21	YoY %	Q2 FY22	QoQ %
(Q3FY21 financials excluding Cignex  divested in Q4FY21)
Revenue from Operations	3,007.7	2,619.4	14.8%	2,992.3	0.5%
EBITDA	505.1	319.4	58.1%	498.7	1.3%
EBITDA Margin %	16.8%	12.2%	460bps	16.7%	13bps
PBT	476.0	252.1	88.8%	460.8	3.3%
PAT (After NCI)	369.7	191.2	93.4%	353.0	4.7%
PAT Margin %	12.1%	7.2%	484bps	11.6%	44bps
EPS (Diluted) (₹)	6.27	3.24	93.4%	5.99	4.7%
Particulars (₹ in Mn)	Q3 FY22	Q3 FY21	YoY %	Q2 FY22	QoQ %
(Q3FY21 financials including Cignex  divested in Q4FY21)
Revenue from Operations	3,007.7	3,030.6	(0.8%)	2,992.3	0.5%
EBITDA	505.1	389.0	29.9%	498.7	1.3%
EBITDA Margin %	16.8%	12.8%	396bps	16.7%	13bps
PBT	476.0	320.9	48.3%	460.8	3.3%
PAT (After NCI)	369.7	221.6	66.9%	353.0	4.7%
PAT Margin %	12.1%	7.2%	482bps	11.6%	44bps
EPS (Diluted) (₹)	6.27	3.76	66.9%	5.99	4.7%

Key Financial Highlights — 9MFY22

Particulars (₹ in Mn)	9M FY21 financials excluding Cignex	9M FY21 financials including Cignex
9M FY22	9M FY21	YoY %	9M FY22	9M FY21	YoY %
Revenue from Operations	8,877.5	7,396.9	20.0%	8,877.5	8,657.6	2.5%
EBITDA	1,418.0	808.0	75.5%	1,418.0	1,003.9	41.2%
EBITDA Margin %	16.0%	10.9%	505bps	16.0%	11.6%	438bps
PBT (Before Exceptional Item)	1,303.8	557.5	133.9%	1,303.8	747.9	74.3%
PBT*	1,405.5	557.5	152.1%	1,405.5	747.9	87.9%
PAT (After NCI)	1,118.7	429.2	160.7%	1,118.7	510.9	119.0%
PAT Margin %	12.4%	5.8%	665bps	12.4%	5.9%	654bps
EPS (Diluted) (₹)	18.98	7.28	160.7%	18.98	8.67	119.0%
*PBT includes exceptional item on account of one-time exchange gains of ₹ 101.7 Mn, arising from buy back of equity share capital and redemption of preference share capital held in overseas subsidiaries.

Balance Sheet Highlights (₹ in Mn)	Q3 FY22	Q3 FY21	Q2 FY22
Total Cash & Cash Equivalent plus Liquid Investments (net of debt)	3,720.9	2,543.1	3,412.2
Free Cash Flow	1,272.5	1,299.7	1,008.5
DSO (Days)	64	68	65

Key Deal Wins in Q3FY22

– National Capital Region Transport Corporation (NCRTC) awarded Automatic Fare Collection contract for Delhi – Meerut RRTS Corridor
– Rail Vikas Nigam Limited awarded Automatic Fare Collection contract for Kolkata Metro
– A US based global leader in workforce solutions for Customer Management solutions through next-generation digital technology
– Expanded relationship with a large bank for developing cutting edge Digital Experiences through a dedicated offshore delivery centre
– A large Middle East bank for digital transformation of their legacy applications through an offshore delivery centre
– A global leader in technology and supply chain services for digital transformation of Finance & Accounting processes using Datamatics IDP product TruCap+
– A US based leading mortgage lender to digitally transform their legacy applications.
– A US based not for profit historical society for media simulation work.