R Systems International Ltd reports consolidated PAT of Rs. 27.14 crore in Q3CY20

R Systems International Limited has reported financial results for the period ended September 30, 2020.

Financial Results (Q3 CY2020) - QoQ Comparison

The company has reported total income of Rs.229.95 crores during the period ended September 30, 2020 as compared to Rs.214.32 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.27.14 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.16.12 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.27 for the period ended September 30, 2020 as compared to Rs.1.35 for the period ended June 30, 2020.

Financials	Q3 CY2020	Q2 CY2020	% Change
Total Income	₹ 229.95 crs	₹ 214.32 crs	7.29%
Net Profit	₹ 27.14 crs	₹ 16.12 crs	68.36%
EPS	₹ 2.27	₹ 1.35	68.15%

Financial Results (Q3 CY2020) - YoY Comparison

The company has reported total income of Rs.229.95 crores during the period ended September 30, 2020 as compared to Rs.200.96 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.27.14 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.10.90 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.27 for the period ended September 30, 2020 as compared to Rs.0.91 for the period ended September 30, 2019.

Financials	Q3 CY2020	Q3 CY2019	% Change
Total Income	₹ 229.95 crs	₹ 200.96 crs	14.43%
Net Profit	₹ 27.14 crs	₹ 10.90 crs	148.99%
EPS	₹ 2.27	₹ 0.91	149.45%

Financial Results (9 months ended CY 2020) - YoY Comparison

The company has reported total income of Rs.652.33 crores during the 9 months period ended September 30, 2020 as compared to Rs.608.83 crores during the 9 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.52.80 crores for the 9 months period ended September 30, 2020 as against net profit / (loss) of Rs.34.89 crores for the 9 months period ended September 30, 2019.

The company has reported EPS of Rs.4.42 for the 9 months period ended September 30, 2020 as compared to Rs.2.89 for the 9 months period ended September 30, 2019.

Financials	9 Months Ended CY2020	9 Months Ended CY2019	% Change
Total Income	₹ 652.33 crs	₹ 608.83 crs	7.14%
Net Profit	₹ 52.80 crs	₹ 34.89 crs	51.33%
EPS	₹ 4.42	₹2.89	52.94%

Rekhi Singh, Managing Director stated "We had an outstanding quarter with record revenues. Quarterly revenue grew 13.6% year on year along with strong margin expansion resulting from broad based revenue growth, enhanced productivity, and continued cost savings due to WFH operations".

He added, "WFH has been quite effective and we have been able to meet customer's expectation with safe work environment for our employees. The business outlook has improved significantly over the last quarter on the back of new deal closures and traction towards digital services in this new normal."

He further added, "The growth in revenue and margins is also reflecting in constant cash generation. Our balance sheet continues to be strong with net worth of Rs 394 crores including liquid cash of Rs 262 crores."

Avirag Jain, Director and CTO said "Our investments over the last few years in digital technologies have fueled the revenue growth during these difficult times. We have notched one of the peak utilization levels while handling the challenges around virtual work environment." He added, "Over the quarter, we onboarded net 175 plus associates to take care of strong sales funnel specially towards digital offerings".

Shares of R Systems International Limited was last trading in BSE at Rs.112.1 as compared to the previous close of Rs. 112.6. The total number of shares traded during the day was 1139 in over 43 trades.

The stock hit an intraday high of Rs. 114.9 and intraday low of 112.1. The net turnover during the day was Rs. 128383.

Source : Equity Bulls

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