INDIAN NEWS & TIMES

Friday, October 7, 2022

HandM_largeRevenue at INR 1703.4 mnup 47.7 % Y-o-Y; 10.1 % Q-o-Q Net Profit at INR 130.3 mn up 63 % Y-o-Y; 11.8 % Q-o-Q

Revenue growth of 5.1% in dollar terms

Helios and Matheson Information Technology  Limited, leading system integrator focused on banking financial services and healthcare verticals reported its consolidated financial results for third quarter ended June 30, 2013.

Highlights for the Quarter ended June 30th, 2013 (Consolidated)

Key financial highlights : 

Revenue at INR 1703.4 million (growth of 10.1 % q-o-q / 47.7% y-o-y) EBITDA at INR 386.4 million (growth of 10.6 % q-o-q / 48.7% y-o-y) Net profit at INR 130.3 million (growth of 11.8 % q-o-q / 62.9% y-o-y)

Earnings per share for the third quarter (annualized) at Rs.19.7

Revenue at $ 30.1 million (growth of 5.1 % q-o-q / 40.7% y-o-y) EBITDA at $ 6.8 million (growth of 5.6 % q-o-q / 41.7% y-o-y)

Net profit at $  2.3 million (growth of 6.7 % q-o-q / 55.2% y-o-y)

Customers :

73 active customers as of June 30, 2013

2 New clients added

Above $ 5 million customers grow to 5

Top 10 clients contributed 48.8% of revenue in Q3FY’13

93.1% of total busine

ss from repeat clients

Employees :

3523 employees as of June 30, 2013

Added 218 employees during the quarter on a gross basis attrition at 12.04%

Business highlights

Commenting  on   the   performance,   Chief  Executive   Officer  and  Managing  Director, G.K.Muralikrishna said: ‘We had yet another quarter of robust growth in revenue and profits. North America continues to witness strong traction. It is encouraging to see that revenue from BFSI sector has increased by 56.8% in line with the trend of the last four quarters.

Our US subsidiary completed 15 years of listing on the NASDAQ. Commemorating the event we had the honor of ringing the NASDAQ closing bell on May 3, 2013. We launched on the occasion our ‘Predictive Analytics Practice’ in the presence of distinguished clients and other guests’.

Operational performance :

Key Financial Highlights (Consolidated)

Particulars

(Rs. mn)

Q3FY’13 Q3FY’12 Q2FY’13 12 months

FY’12

12 months

FY’11

Y-o-Y gr. (%)
Net Sales 1685.0 1149.2 1532.3 4498.4 3902.4 46.6
Other Income 18.4

4.1

14.8 22.2 39.1  
Total Income 1703.4 1153.3 1547.1 4520.6 3941.5 47.7
Software

Services & Admin

Expenses

1317.1 893.5 1197.6 3517.3 3151.9 47.4
EBITDA 386.3 259.8 349.5 1003.3 789.6 48.7
EBITDA Margin % 22.7 22.5 22.6 22.2 20.0 0.9
Net Profit 130.3 80.0 116.6 294.1 201.0 62.9
NP Margin % 7.6

6.9

7.5 6.5 5.1 10.2
Diluted EPS(annu)

19.7

13.4 18.5 12.3 8.4 47.0