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Stock Report
DRC Systems India Limited announces Fourth Quarter and Fiscal Year 2021 Financial Results
Posted On : 2021-05-14 14:33:25( TIMEZONE : IST )
Information Technology and Software Consultancy Services provider, DRC Systems India Limited "DRC Systems" "The Company", today announced its maiden standalone financial results post listing for the fourth quarter and fiscal year ended March 31st, 2021.
Standalone Highlights - Quarter Ended March 31st, 2021 (INR Lakhs)
- Revenue was INR 636 Lakhs, up by 188% YoY; up by 32% QoQ
- EBITDA was INR 131 Lakhs, up 170% YoY; up by 769% QoQ
- EBITDA margin was 21%, up 124% YoY; up by 607% QoQ
- Profit After Tax was INR 62 Lakhs, up 131%, YoY; up by 250% QoQ
Standalone Highlights - Fiscal Year End March 31st, 2021 (INR Lakhs)
- Revenue was INR 2,060 Lakhs, up 69%, YoY
- EBITDA was INR 165 Lakhs, up 100% YoY
- EBITDA margin was 8%, up 18% YoY
During the quarter, the Company has demonstrated strong financial performance which is largely attributed due to significant increase in the digital adaption and consumption. Increase in overall operational efficiency resulting in improved margins impacting revenue and profit.
Key Business and Operational Highlights
- Acquisition of 100% Shareholding of Mugenesys Software Private Limited. The Board of Directors of the Company has approved acquisition of 100% shareholding of Mugenesys Software Private Limited and consequently it would become a Wholly Owned Subsidiary of the Company. Mugenesys Software Private Limited is a profitable company and offers customized software and IT solutions to global clientele.
Company's Managing Director Mr. Hiten Barchha said, "We are happy to announce our maiden result post listing and despite impact of Covid-19 on overall economy across the globe we have registered and maintained steady growth with profitable track record. While we continue to focus on the growth and expansion of clientele across the globe, we have ensured safety of our employees and will ensure that our innovative IT solutions will create value to the society as large going forward."
