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Oracle Financial Services Software Limited Q1FY22 consolidated PAT jumps to Rs. 524.18 crore



Posted On : 2021-07-28 21:50:55( TIMEZONE : IST )

Oracle Financial Services Software Limited Q1FY22 consolidated PAT jumps to Rs. 524.18 crore

ORACLE FINANCIAL SERVICES SOFTWARE LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1427.43 crores during the period ended June 30, 2021 as compared to Rs.1254.73 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.524.18 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.460.31 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.60.61 for the period ended June 30, 2021 as compared to Rs.53.28 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 1427.43 crs₹ 1254.73 crsUp Tick 13.76%
Net Profit₹ 524.18 crs₹ 460.31 crsUp Tick 13.88%
EPS₹ 60.61₹ 53.28Up Tick 13.76%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1427.43 crores during the period ended June 30, 2021 as compared to Rs.1385.02 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.524.18 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.479.79 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.60.61 for the period ended June 30, 2021 as compared to Rs.55.65 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 1427.43 crs₹ 1385.02 crsUp Tick 3.06%
Net Profit₹ 524.18 crs₹ 479.79 crsUp Tick 9.25%
EPS₹ 60.61₹ 55.65Up Tick 8.91%

For the three months ended June 30, 2021, the products business posted revenue of Rs. 1,260 Crore, up 6% year-over-year, and operating income of Rs. 727 Crore, up 9% year-over-year. For the same period, the services business posted revenue of Rs. 100 Crore, down 13% yearover-year, and the Operating income of Rs. 22 Crore, down 9% year-over-year.

Chet Kamat, Managing Director and Chief Executive Officer, Oracle Financial Services Software said, "Our entire range of applications for the financial services industry demonstrated strong wins globally. We signed licenses of US$ 37.6 million in the quarter, registering 28% year-over-year growth. Year-over-year, revenue for the quarter grew 4% and operating income grew 7%. Our margins continue to be strong - an operating margin of 51% for the quarter and net margins of 38%. We have an exciting solutions portfolio and we are ready to help financial institutions accelerate their digital transformation initiatives as they respond to the changing economic environment."

Makarand Padalkar, Executive Director and Chief Financial Officer, Oracle Financial Services Software said, "We have delivered yet another solid performance on all operating parameters. Year-over-year, products business margins increased from 56% to 58%, Services business margins increased from 21% to 22%, and BPO business margins increased from 35% to 46%. Our balance sheet remains strong with a healthy cash and liquidity position."

Shares of ORACLE FINANCIAL SERVICES SOFTWARE LTD. was last trading in BSE at Rs. 4326.75 as compared to the previous close of Rs. 4164.4. The total number of shares traded during the day was 36757 in over 5570 trades.

The stock hit an intraday high of Rs. 4449.9 and intraday low of 4110. The net turnover during the day was Rs. 158648964.

Source : Equity Bulls

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