RS Software reports HYFY15 net profit up 42% at Rs. 33.86 cr

The company’s consolidated PAT rose 38% to Rs.17.52 crore compared to Rs.12.7 crore in the corresponding quarter of last year.

EBIDTA stood at Rs. 26.57 crore from Rs. 22.85 crore in the same period last year & EBIDTA margin was 26 % in Q2FY15 compared to 22 % Q2FY14. Earnings per share (EPS) for the quarter was Rs. 13.69 against Rs. 10.47 in the same quarter of the previous year, the company said in a statement.

Commenting on the results, Raj Jain, Chairman & Managing Director, RS Software India Ltd said, “We are pleased about our performance and this is the highest ever profit after taxes we have been able to achieve in the history of the Company. We are on track to reduce client concentration and focus at the same time on achieving margin expansion through strong discipline and strategic cost management initiatives."

"Our goal is to work both on strategic and tactical aspects that impact the rewards to our investors. We have announced dividend every single quarter this calendar year, and in recognition of our strong profit performance in this quarter, the board has announced an interim dividend of 15%. We are very excited about the major growth opportunities emerging in the retail electronic payments globally, and given our 20 years track record in this space, we are well positioned to take full benefit in the medium to long term," Jain said.