PR 14-10-2022 Q2-Financial Results F.Y. 2022-23

DRC Systems India Limited Announces Unaudited Financial Results for theSecond Quarter (Q2) of the Fiscal Year 2022 23

Consolidated Profit before tax up 443%, Y o Y to INR 123 Lacs. Consolidated Profit after tax up 503%, Y o Y to INR 88 Lacs. Consolidated EBITDA up 170%, Y o Y to INR 173 Lacs

Gandhinagar, India, 14th October, 2022: Information Technology and Software ConsultancyServices provider, DRC Systems India Limited “DRC Systems” “the Company”, today announced its stdalone unaudited financial results for the Second Quarter (Q2), ended September 30, 2022, fothe fiscal year 2022 23.

Acquisition of stake in Nextenders (India) Private Limited

The Board of Directors at its meeting held today has considered and approved to acquire 23.34%stake in Nextenders (India) Private Limited (Nextenders). Post acquisition, Nextenders would come an Associate Company. The Target Company is engaged in the business of Electronic ocurement Software Systems, Solutions & Related Services. The target company has strong esence in India, Africa, Philippines and Mauritius in public sector. Till date, the company has ocessed over 625,000 worth over 15 Billion USD. The company has patented its systems in untries including India, UK and USA. DRC is seeing business opportunity through these presences package product and software services.

Consolidated Performance Review for Q2 FY22 23:
  • Operating Revenue stood at Rs. 574.0 Lacs up 7.3% Y o Y, up 28.4% QoQ.
  • EBITDA for the quarter is Rs. 173.4 Lacs up 170.1% Y o Y, up 12.3% QoQ.
  • EBITDA Margins stood at 30.2% for the quarter vs 12.0% in Q2 FY 2021 22
  • Profit After Tax (PAT) is at Rs. 87.5 Lacs up 503.5 % Y o Y, up 25.0% QoQ.
Consolidated Financial Highlights Quarter Ended September 30, 2022

Q2 FY23

Q2 FY22

% change Y o Y

Q1 FY23

% change QoQ













Profit Before Tax






Profit After Tax






Figures in INR Lacs

Managing Director Mr. Hiten Barchha said, Worldwide the internet penetration is exponentially ncreasing at almost every single businesses & governments, which has become a major driving actor in the growing demand for IT & software services market. There has been excellent demand ecovery across verticals and geographies, as demand for our products/services has substantially ained in domestic and international markets. While on the one hand, our business deal pipeline as continued to improve, on the other hand, there has been an uptick in our margins, thanks to etter utilization and lowering operating costs. We expect this performance to continue in coming ears/quarters as well, as the post pandemic world keeps moving towards digitalization, hunting or more digital solutions to replace and improvise its old business work model and adapt new way of doing the business through digital means.

About DRC Systems India Limited

DRC Systems is an IT services and Consultancy Company in India focused on providing viable and lasting solutions to businesses. We are focused on innovation and creativity to lead the change, since its advent in 2012. With competent teams of developers, project managers, and strategists, we help our customers overcome their business challenges with customised software development. Our services and solutions help businesses scale the market. Over the years, we have diversified our service offerings through a mix of organic growth and strategic transactions. We believe the wide range of services that we offer enables us to build stronger relationships with our clients and cross sell our services. Our customer base is spread across geographies and majorly to Europe, USA, Middle East and Asia.