DRC Systems India Q4FY22 result : PAT down by 42.30% Y‐o‐Y to ₹0.35 crore

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DRC Systems, one of the leading business enterprises that offer software and web app development services to clients across the globe has published its Q4FY22 and year ended financial result. The details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹4.81 crore in the quarter ended on March 31, 2022 as against ₹6.37 crore in the corresponding quarter ended last year on Mar 31, 2021, decreased by 24.45%.

The company has posted a consolidated Net Profit of ₹0.35 crore in the quarter ended on March 31, 2022 as against ₹0.61 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges down by 42.30%.

The status of the EPS of the company stood at ₹0.09 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹0.16, down by 43.75%.

₹*Mar 31, 2022Dec 31, 21Mar 31, 21
Total Income4.814.306.37
Total Expenses4.323.985.51
Total Tax (credit)0.130.2460.242
PAT (Loss)0.350.070.61
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹19.83 crore in the financial year ended on March 31, 2022 as against ₹20.71 crore for the financial year ended on Mar 31, 2021, decreased by 4.28%.

The company has posted a consolidated Net Profit of ₹0.07 crore in the financial year ended on March 31, 2022 as against loss of ₹ -0.47 crore for the financial year ended on March 31, 2021. The PAT recovered by 246.76%.

The status of the EPS of the company stood at ₹0.18 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹ -0.12, recovered by 250.00%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income19.8320.71
Total Expenses18.6221.33
Total Tax (credit)0.5(0.13)
PAT (Loss)0.07(0.47)
*figures are in Crores

(III) Key Highlights about the Performance :

  • 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.
  • 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 %
  • 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 AutoDA. B.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.

The stock last hit in BSE,

  • Intraday High of ₹ 40.10
  • Intraday low of ₹ 40.10