GlobalSpace Technologies Limited reports earnings for Q4, FY21

GlobalSpace Technologies Limited (BSE Code: 540654), one of the leading HealthTech and EduTech digital platform provider, today announced results for the fourth quarter ended on March 31, 2021 & FY 2020-21.

EARNING SYNOPSIS:

On Consolidated basis for the FY2020-21 Vs FY2019-20,

- PAT: INR 5.67 Cr (Grew by 90.9% on y-o-y basis)
- Revenues: INR 27.08 Cr (Grew by 4.5% on y-o-y basis)
- EBITDA: INR 9.47 Cr ( Grew by 81.3% on y-o-y basis)

- EBITDA and PAT margins stood at 34.9% and 20.9% respectively.

- There has been a marked improvement in profitability over last year.

Commenting on the Company's performance for FY21, Mr. Krishna Singh, Founder & CMD, 'We at Globalspace Technologies are happy updating our stakeholders about satisfactory performance during the FY2021. FY2021 has been a great learning year as well for the company. Company has witnesses huge uptake in health tech business with much better margins. Other enterprise business has not done so well due to covid, resulting in muted topline growth. Makebot, our edutech subsidiary has got decent traction with positive topline and bottomline growth. Merging of Mediapp platform with DocExa is expected to take around 6 months which would result into creating a unique online-offline healthcare ecosystem which would give us a major topline boost in next 6 to 9 months. As a long term strategy our company has realigned all its resource to focus on health tech and eduTech domains only. In next couple of quarters the topline growth is expected to come from both Mediapp & Makebot.

Shares of Globalspace Technologies Ltd was last trading in BSE at Rs.62.45 as compared to the previous close of Rs. 66.05. The total number of shares traded during the day was 79700 in over 758 trades.

The stock hit an intraday high of Rs. 63.45 and intraday low of 55.25. The net turnover during the day was Rs. 4907557.

Source : Equity Bulls

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