OFSS Ltd Q3 PAT stable at Rs435.34cr on $15.6 million licensing deals signed in the quarter

20 Jan 2022 , 08:42 AM

OFSS reported 2.25% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs1,266.33cr. The revenues were lower by -1.145 on sequential basis.

The revenues for the first nine months of the fiscal was up by 5% yoy. The company saw revenue pressures on both its verticals viz. the services vertical and the products and licenses vertical.

Effective the current year, the BPO business has been reclassified under the services business. License deals of $15.6 million were signed in the quarter pushing 9-month deals 21% higher yoy.

The consolidated Profit after tax (PAT) for the Dec-20 quarter was flat at Rs435.34cr on the back of the spate of licensing deals in the quarter.

However, operating profits in the products/licenses business and the services vertical came under pressure. However, the bottom line was helped along the way by lower taxes in the latest quarter.

As a result, the PAT margins were just about marginally lower from 34.70% in Dec-20 quarter to 34.38% in the Dec-21 quarter. On a sequential basis also, the net margins were 55 bps lower.

Financial highlights for Dec-21 compared yoy and sequentially

	OFSS Ltd
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,266.33	₹ 1,238.42	2.25%	₹ 1,280.97	-1.14%
Net Profit (Rs cr)	₹ 435.34	₹ 429.68	1.32%	₹ 447.55	-2.73%
Diluted EPS (Rs)	₹ 50.24	₹ 49.76		₹ 51.67
Net Margins	34.38%	34.70%		34.94%