In line with its consistent growth in business, the revenue of the company increased 13% q-o-q and 20% y-o-y to Rs. 92.04 Crore in the first quarter of FY13-14. The company registered a growth of 40% in its profit before tax for the quarter compared to previous year same quarter. The EPS improved from Rs. 8.12 in Q4 FY 13 to 9.14 Q1 FY14. Profit after tax (PAT) margin has increased 17.4% sequentially.
Commenting on the results, Raj Jain, Chairman & Managing Director, RS Software India Ltd said, “It has been an exciting start to the year. We were listed in the ‘Top 30 fastest growing companies in India’ by Outlook Business, recognized as one of the high performing organisations across all sectors in India. The Company is committed to domain focused enhanced fulfilment model. This is helping the company to provide best value to our customers, and at the same time increase the Company’s operational efficiencies. The fiscal year started with the first ever patent registration by us. This is the hallmark of our innovation capability in our Payments Lab and a testimony to the quality of our talent, motivation and commitment to our business and the sector we cater to”.
Commenting on the high growth rate of the payments industry he further added, “The global electronic payments industry is experiencing an unprecedented growth on account of an irreversible shift from paper to electronic payment forms, approaching transactional revenues worth $900 billion. RS Software is well positioned to capitalise on this global opportunity and has a well laid out strategy backed by our comprehensive understanding of each client’s business. Our investments will be in strengthening our sales engine, talent acquisition and developing technology frameworks to address key industry needs”.
FINANCIAL HIGHLIGHTS
Consolidated results for the quarter ended June 30, 2013
Revenue for the quarter up by 20% at s.92.04- crore Profit before tax (PBT) grew by 31% to Rs. 17 crore over the last quarter of the FY 13 . In Q4 FY12-13, PBT was at Rs. 13 Crore
Operating profit up by 33%, at 20% of Revenues
Profit after tax stood at Rs. 11.07 crore recording a growth of 17% over the last quarter of the FY 13.
Earnings per share (EPS) for the current quarter are at Rs. 9.14 against Rs.8.12 in the last quarter FY 13.
Book Value per share grows by 32%. Increases from Rs 101.47 in Q4 FY 12-13 to Rs 114.42 in Q1 13-14.
About RS Software:
RS Software India Ltd., is a leading vertically integrated technology solution provider to the electronic payments industry. Headquartered in Kolkata with offices in UK, US and Singapore, RS Software has been in business for the last 20 years providing solutions to Payment Networks, Processors, Acquirers, Issuers, ISOs and other major players in the electronic payments domain.
RS Software integrates knowledge management, innovation and specialised methodologies with 20 years of an exclusive focus on payments to deliver best-in-class services to a client list that includes the world's leading payments brands. RS Software’s global delivery model and knowledge transfer disciplines ensure that the company’s cross-culture experience enables maximum value to the customer from start to finish.
RS Software has built solutions for the introduction of new standards such as EMV and new technologies such as mobile and contactless payments while mitigating the pain and cost associated with the legacy systems supporting them. http://www.rssoftware.com
