DRC Systems India Limited Announces Q1FY22 Financial Results
Recorded 66 % YoY growth in PAT to INR 13 Lacs in Q1FY22
Gandhinagar, India, July 30th, 2021 – Information Technology and Software Consultancy Services provider, DRC Systems India Limited “DRC Systems” “The Company”, today announced standalone financial results for the quarter ended June 30, 2021.
Standalone Highlights – Quarter Ended June 30th, 2021 (INR Lacs)
- Revenue was ₹521.9 Lacs, up 21% YoY
- EBITDA was INR 58.2 Lacs, up 190 % YoY
- EBITDA margin was 11 %, up 140 % YoY
- Profit After Tax was INR 13 Lacs, up 66 %, YoY
The company demonstrated strong financial performance, largely driven by increased digital adoption and consumption. Improved operational efficiency resulted in higher margins, positively impacting revenue and profit.
Key Business and Operational Highlights
- During the quarter, the company registered 21% YoY business growth to INR 521.9 Lacs from its recurring customers.
- During the quarter the Company has onboarded new clients globally.
Standalone Financial Highlights: Q1 FY22 (Amounts in INR Lacs)
| Particulars | Q1FY22 | Q1FY21 | % change YoY |
|---|---|---|---|
| Revenue | 521.9 | 433.1 | 21% |
| Profit After Tax | 13.0 | -38.6 | 66% |
| EBITDA | 58.2 | 20.1 | 190% |
| EBITDA Margin | 11.1% | 4.6% | 140% |
Company’s Managing Director Mr. Hiten Barchha said, “We continue to demonstrate significant growth registering healthy revenue and profitable growth during the quarter. We have not only managed to generate additional business from our recurring clients but onboarded new clients globally. We will continue delivering world-class IT solutions and services to our clients while maintaining profitability”
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.
