DRC Systems India Limited Announces Financial Results for the FourthQuarter and Fiscal Year 2022
Profit After Tax for the year was up by 246.8% Y o Y to INR 70.3 Lacs.
Gandhinagar, India, 18th April, 2022 Information Technology and Software Consultancy ervices provider, DRC Systems India Limited “DRC Systems” “the Company”, today announced its standalone financial results for the fourth quarter and fiscal year ended Mar 31, 2022.
Outcome of Board Meeting:
Standalone Financial Highlights Quarter Ended March 31, 2022
- Revenue for the quarter was INR 464.5 Lacs, up by 8.3 % QoQ
- EBITDA for the quarter was INR 79.6 Lacs, up by 36.3 % QoQ.
- EBITDA margin for the quarter was at 17.1 %
- Profit After Tax for the quarter was INR 35.6 Lacs, up by 381.1 % QoQ.
| Particulars* | Q4FY22 | Q3 FY22 | % change QoQ |
|---|---|---|---|
| Revenue | 464.5 | 428.9 | 8.3% |
| EBITDA | 79.6 | 58.4 | 36.3% |
| EBITDA Margin | 17.1% | 13.6% | 25.9% |
| Profit after Tax | 35.6 | 7.4 | 381.1% |
*Figures in INR Lakhs
Standalone Financial Highlights Year Ended March 31st, 2022
- Revenue for the year was INR 1950.1 Lacs.
- Profit after tax for the year was INR 70.3 Lacs up by 246.8%
- EBITDA for the year was INR 260.1 Lacs, up 57.4%.
- EBITDA margin for the year was 13.3 %
| Particulars* | FY 2021 22 | FY 2020 21 | % change YoY |
|---|---|---|---|
| Revenue | 1,950.1 | 2,059.5 | -5.3% |
| EBITDA | 260.1 | 165.2 | 57.4% |
| EBITDA Margin | 13.3% | 8.0% | 66.3% |
| Profit after Tax | 70.3 | -47.9 | 246.8% |
*Figures in INR Lakhs
During the fiscal ending March 31, 2022, the Company has on boarded some large clients both from domestic and international geographies as a result registered strong financial performance and consistent profitability QoQ.
Key Business and Operational Highlights
- During the Year the Company has entered into large business contracts for developing and implementing digital infrastructure in India and internationally
- The Company has invested and acquired 2.3% stake in Netherlands based AutoDAPB.V, at a total cash consideration of EUR 16, 76,700.
- Entered into contract with EMAR group for developing blockchain based wallet.
- Entered into contract and signed deal extension with Australia based client for developing software platform on sustainable energy.
- Entered into contract with Krazzy Fin Private Limited to develop fantasy stock trading platform.
Company’s Managing Director Mr. Hiten Barchha said, During the fiscal year ending March 1, 2022, the company has demonstrated over all significant performance including its capability develop a state of art digital assets for the clients within stipulated timeline. We ill continue to take this performance to the next level in this Fiscal adding more value for our internal and external stakeholders
About DRC Systems India Limited
DRC Systems is an IT services and consulting company based in India, dedicated to providing sustainable and impactful business solutions. Since our inception in 2012, we have focused on innovation and creativity to drive change. Our services and solutions empower businesses to scale and stay competitive in the market. 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. Our wide range of services allows us to build strong client relationships and create opportunities for cross-selling.Our customer base spans multiple geographies, primarily in Europe, the USA, the Middle East, and Asia.
