R Systems International Results Earnings Call for Q3FY24
Conference Call with R Systems International Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.15-02-2024
15-02-2024
Q4CY23 Quarterly & CY23 Annual Result Announced for R Systems International Ltd.
IT Consulting & Software company R Systems International announced Q4CY23 & CY23 results: CY23 Financial Highlights: Revenue reached Rs 16,845 million (USD 204.0 million), marking a YoY Growth of 11.1% (9.9% net of one-time fee). EBITDA stood at Rs 2,645 million (USD 32.0 million), with a margin of 15.7% (14.7% margin net of one-time fee), showing a YoY increase of 27.0%. Net profit after taxes amounted to Rs 1,401 million (USD 17.0 million). Continued addition of new logos with traction in large deal wins. Q4CY23 Financial Highlights: Revenue reached Rs 4,163 million (USD 50.0 million), reflecting a YoY Growth of 4.2%. EBITDA stood at Rs 643 million (USD 7.7 million), with a margin of 15.4% compared to 14.9% for Q4 2022, showing a YoY increase of 7.7%. Net profit after taxes amounted to Rs 459 million (USD 5.5 million). Nitesh Bansal, Managing Director, and CEO stated, “CY 2023 was a transformation year for R Systems to become a Blackstone portfolio company followed by industry vertical and horizontal alignment of delivery and sales operations to deliver successful digital transformation for our marquee customers. We are seeing early signs of these changes bringing us positive traction on large deals, with few wins already during last year, along with building robust sales funnel for large deals to deliver profitable growth in CY 2024”. He added, “The Company expanded the management bandwidth with the induction of Chief Customer Officer, among others and continued our investment in sales and building competencies around new technologies. The Company has set up a centre of excellence on applied AI for sustainable systems in partnership with IIT Delhi. I am delighted to share that our Company has been certified as a Great Place To Work® in the countries where we have permanent employees – this includes India, USA, Romania, Poland and Singapore”. Nand Sardana, CFO said, “Macro-economic situation has impacted the revenue growth over the year, but the Company has been able to expand the sustainable operating margins through efficient operations and cost optimization. We are committed to resilient, agile, and efficient ways of working to continue our margin expansion program”. Result PDF15-02-2024
R Systems International Limited - 532735 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Grant of Restricted Stock Units15-02-2024
R Systems International Limited - 532735 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We wish to inform you that the Investors/ Analysts call of R Systems International Limited ('the Company') will be held on Thursday, February 15, 2024 at 05:00 P.M. (IST) to discuss the financial results of the Company for the quarter and year ended on December 31, 2023. Dial-In Numbers India +91 22 6280 1139 +91 22 7115 8040 International Hong Kong - 800964448 Singapore - 8001012045 UK - 08081011573 USA - 18667462133 Canada - 01180014243444 Poland - 00800112424812-02-2024
R Systems International Limited - 532735 - Board Meeting Intimation for Board Meeting On Thursday, February 15, 2024
R Systems International Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/02/2024 ,inter alia, to consider and approve the audited standalone and consolidated financial results of the Company for the quarter and financial year ended on December 31, 2023.06-02-2024