RS Software (India) reports fourth quarter and FY 2012-13 results

By: RS Software India Ltd
 
April 15, 2013 - PRLog -- RS Software (India) reports fourth quarter and FY 2012-13 results
·         Consolidated annual revenue up by 22% Y-o-Y to Rs. 322.53 cr

·         Consolidated PBT up by 41% from Rs. 35.09cr to 49.64 cr

·         Fourth quarter consolidated Profit Before Tax up by 29% to Rs. 10.11 cr

·         EPS up by 25% from Rs 26.10 to Rs 32.66

·         Book Value up by 38%

·         The company has declared an interim divided of 15% to equity share holder and proposed for 20 % Final dividend to equity share holder.

Mumbai, India — April 12, 2013- RS Software India Ltd., the leading technology solution and service provider focused on the electronic payment industry, reported a consolidated net profit of ` 37.93 crore for the year ended March 31, 2013, up by 31% from` 28.86 crore in the corresponding period last fiscal.

During the quarter, for the year ended March 31 2013, the company's revenue has seen a 22% increase – from ` 264.99 crore to ` 322.53 crore, Y-o-Y .The company reported a net profit before tax of ` 49.64 crore for the fiscal ended March 31, 2013 over ` 35.09 crore last fiscal.

The company had a sequential increase in operating margin from 33% in Q3 FY12-13 to 33% in Q4 FY 2012-13. The EBITDA margin has also improved from 13% in FY11-12 to 15% in FY12-13, while the PAT margin has increased from 11% in FY11-12 to 12% in FY12-13.

Commenting on the results, Raj Jain, Chairman & MD, RS Software India Ltd said, “The growth in the need for solutions helped R.S. Software report attractive growth, evident from its consistent performance over the past few years. The payment processing ecosystem and industry is a $900 billion market in revenues and R.S. Software is attractively positioned to capitalise on this growing global opportunity. The share of electronic payments in non-cash payments in India have shown an upward trend with electronic payments by the end of the year 2011-12 constituting 91% in terms of value and 48% in terms of volume. We are a specialist in the payments business with over 20 years of experience, and will continue to report sustainable growth leveraging the opportunities both domestically and overseas”.

He further added, “With the e-commerce market in India having grown 34% on an average since 2005 and Tier I and Tier II cities contributing largely to the e-commerce revenue pie, it is an exciting time for all of us in the payment chain.

“The board of directors of R.S. Software has also proposed a dividend of 20 % in addition to interim dividend of 15% declared in January, 2013, for every equity share, for the year ended on March 31, 2013.”

FINANCIAL HIGHLIGHTS  

Consolidated results for the year ended March 31, 2013


Revenue for the year is ` 322.52 crore representing a growth of 22% from the corresponding year of the previous year.
Profit before interest depreciation and tax (PBIDT) grew by 41% to `49.64 crore over the corresponding previous year. In  FY11-12, PBIDT was at ` 35.09 crore
Profit after tax stood at ` 37.93 crore recording a growth of 31% over the corresponding previous year.  
Earnings per share (EPS) for the current quarter are at ` 32.66 against ` 26.1 in the previous year.
Total export income grew to ` 316.95 crore whereas domestic income stood at ` 1.21crore.

About RS Software:

RS Software India Ltd. is a leading technology solution and services provider focused on the electronic payment industry. Headquartered in Kolkata with offices in UK, US and Singapore, RS Software has been in business for the last 20 years providing solutions to Payment Networks, Processors, Acquirers, Issuers, ISOs and other major players in the electronic payments domain.

RS Software delivers unmatched payments expertise to a client list that includes the world's leading payments brands.  RS Software’s global delivery model and knowledge transfer disciplines ensure that the company’s cross-culture experience enables maximum value to the customer from start to finish.

RS Software has built solutions for the introduction of new standards such as EMV and new technologies such as mobile and contactless payments while mitigating the pain and cost associated with the legacy systems supporting them.  

http://www.rssoftware.com

Forward looking statements

We have disclosed forward-looking information so that investors can comprehend the Company’s prospects and make informed investment decisions. This release and other written and oral statements that we make periodically contain such forward-looking statements that set out anticipated results based on the Management’s plans and assumptions. We have tried, wherever possible, to qualify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’ and words and terms of similar substance in connection with any discussion of future operating or financial performance.

We do not guarantee that any forward-looking statement will be realised, although we believe we have been diligent and prudent in our plan and assumptions. The achievement of future results is subject to risk, uncertainties and validity of inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, our actual results could vary materially from those anticipated, estimated or projected. Investors should bear this in mind as they consider forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact:

Indrani Roychowdhury

Senior Manager – Corporate Communications & Executive Assistant to CMD
(P) +91 33 2281 0106/07|| (F) +91 33 2287 6256 || (M) 9830335758
Mail: indranir@rssoftware.co.in || www.rssoftware.com  

Amrita Panja/ Sushmita Sarkar

Adfactors PR Pvt. Ltd.

Mobile: +919920081123/9820661186

E-mail: amrita.panja@adfactorspr.com/ sushmita.sarkar@adfactorspr.com
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Source:RS Software India Ltd
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Tags:IT, Software, Payments, Rs Software, Raj Jain
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Location:India
Subject:Earnings
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