PR 21-07-2022 Q1-Financial Results F.Y. 2022-23

DRC Systems India Limited Announces Unaudited Financial Results for theFirst Quarter (Q1) of the Fiscal Year 2022 23

Profit before tax up 486%, Y o Y to INR 102 Lacs.
Profit after tax up 440%, Y o Y to INR 70 Lacs.
EBITDA up 165%, Y o Y to INR 154 Lacs.


Gandhinagar, India, 21th July, 2022 Information Technology and Software Consultancy ervices provider, DRC Systems India Limited “DRC Systems” “the Company”, today annnced its standalone unaudited financial results for the First Quarter (Q1), ended June 30,022, for the fiscal year 2022 23.

Managing Director Mr. Hiten Barchha said, Our performance for the first quarter is eflective of positive growth and emerging opportunities. Being a customer centric echnology company, we are well poised to take advantage of the positive emerging pportunities in the IT services and Consultancy space in India & globally, where we have trategized to provide viable solutions with a mix of innovation & creativity. Demand for reative & innovative tech solutions are high in demand as global businesses move towards igh density digitalisation as the economies turn towards building digital infrastructure. Hence, we expect to see more exciting years soon.

Performance Review for Q1 FY22 23:
  • Operating Revenue stood at Rs. 447.2 lakhs down 14.3% YoY, down 3.7% QoQ.
  • EBITDA for the quarter was Rs. 154.3 Lakhs up 165.3% YoY, up 93.8% QoQ.
  • Profit After Tax (PAT) is at Rs. 70.0 lakhs up 440% YoY, up 96.7% QoQ.

Figures in INR Lakhs

Particulars

Q1 FY23

Q1 FY22

% change YoY

Q4 FY22

% change QoQ

Revenue

447.2

521.9

-14.3%

464.5

-3.7%

EBITDA

154.3

58.2

165.3%

79.6

93.8%

EBITDA Margin

34.5%

11.1%

209.7%

17.1%

101.3%

Profit after Tax

70.0

13.0

440.0%

35.6

96.7%
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.