In line with its consistent growth in business, the revenue of the company increased 20% Y-o-Y to Rs. 96 crore in the third quarter of FY13-14. The company registered a growth of 78% in its profit before tax for the quarter compared to the same quarter last financial year. The EPS improved from Rs. 8.17 in Q3 FY 13 to Rs. 11.39 in Q3 FY14. Profit after tax for the quarter increased 49% from the same quarter last financial year.
Commenting on the results, Mr. Raj Jain, Chairman & Managing Director, RS Software India Ltd said, “This is the highest ever quarterly profit recorded at RS Software, and it is very heartening to see this performance which is reinforcing the continued good performance that started 6 years ago. RS Software is committed to leverage the dynamic developments in the Trillion dollar Electronic payments industry, and this performance only validates its consistent progress in achieving the distinction of being a domain player in the IT services industry. We see demand recovery in the U.S. which bodes well for our business. We are confident that given the improving market conditions and the potential growth in the electronic payments industry, RS Software will consistently tread a high growth trajectory.”
Consolidated results for the quarter ended 31st December 2013
Revenue in Rupee terms was Rs. 96 crore representing Y-o-Y growth of 20%.
Revenue in US$ terms was US$ 15.46 mn, representing a Y-o-Y increase of 8%,
Operating profit up by 95% y-o-y, at 20% growth of Revenues y-o-y,
Profit Before Tax (PBT) was Rs. 20 crore, representing a Y-o-Y growth of 78%.
Profit after Tax (PAT) was Rs. 14 crore, representing a Y-o-Y growth of 49% and Q-o-Q growth of 10%.
The net margins were at 15%; up from 12% in the same quarter last year.
Earnings per share (EPS) for the current quarter are at Rs. 11.39 against Rs. 8.17 in the same quarter last year
Book Value per share grew by 31% from Rs 99.65 in Q3 last year to Rs. 130.60 in Q3.
Interim Dividend declared @ 10%
About RS Software:
RS Software India Ltd. is a vertically integrated technology solution provider to the electronic payments industry, with focus on building domain leadership from India. The Company operates in four continents and is headquartered in Silicon Valley, with offices in United Kingdom, Singapore and Corporate headquarters in Kolkata, India. RS Software has been in business for the last two decades 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 specialized methodologies with 20 years of an exclusive focus on payments to deliver the best-in-class services to a client list that includes the world's leading payments brands. The company is engaged in offering both vertical and horizontal services customized for the payments industry. With 85% of retail payments still being made with paper money, the company is ideally positioned to build and maintain the core systems infrastructure for the Electronic Payments Industry. The Company is using a spectrum of development tools and methodologies including SSAD/OOAD, classic/relaxed waterfall, classic/relaxed spiral, RUP and agile. RS Software’s knowledge management system, RS School of Payments™ and RS Payments Lab form the foundation of its Global Execution Methodology™ that offers distinct value to all stakeholders of the Payments Industry. http://www.rssoftware.com
