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- DRC Systems India Q1 Results Total Income of ₹1,536.8 Lakhs and Profit After Tax of ₹384.9 Lakhs
DRC Systems India Q1 Results Total Income of ₹1,536.8 Lakhs and Profit After Tax of ₹384.9 Lakhs
DRC Systems India Q1 Results showed a total income of ₹1,536.8 lakhs down 10.32% YoY with an operating profit of ₹4.30 Cr and an operating margin of 28.03% DRC Systems India Q1 Results also revealed that profit after tax decreased to ₹384.9 lakhs.
by P Nandhini
Updated Sep 20, 2024
Table of Content
DRC Systems India Q1 Results: DRC Systems India announced their Q1 results on July 11, 2024, showing a decrease in revenue of 10.32% year-over-year (YoY), with total income from operations falling to ₹1,535.6 lakhs compared to ₹1,712.4 lakhs in the previous quarter.
This decline reflects challenges in the market as the company focuses on maintaining its growth strategy while navigating economic fluctuations. You may notice that the contracting expenses were significantly reduced by 49.63% YoY, from ₹690.2 lakhs to ₹350.3 lakhs, which indicates a strategic shift in their operations.
In terms of profitability, DRC Systems recorded a profit after tax of ₹384.9 lakhs, down 2.00% YoY from ₹395.6 lakhs. The earnings per share (EPS) also saw a slight decline, dropping from ₹0.30 to ₹0.29, representing a decrease of 3.33% YoY.
You should also note that total expenses decreased by 15.63% QoQ, from ₹1,311.8 lakhs to ₹1,106.6 lakhs, demonstrating the company’s efforts to optimize costs. Overall, DRC Systems is adapting to the current environment while striving to enhance efficiency in the upcoming quarters.
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DRC Systems India Q1 Results 2024 - 2025
Here are the key highlights from DRC Systems India's Q1 results for the quarter ended June 30, 2024. The financial performance reflects both challenges and strategic adjustments made by the company. Below is a summary of the important figures:
| Particulars | Q1 FY 2024 (Unaudited) | Q4 FY 2023 (Audited) |
|---|---|---|
| Income from Operations | ₹1,535.6 lakhs | ₹1,712.4 lakhs |
| Other Income | ₹1.2 lakhs | ₹3.1 lakhs |
| Total Income | ₹1,536.8 lakhs | ₹1,715.5 lakhs |
| Employee Benefit Expenses | ₹493.1 lakhs | ₹460.2 lakhs |
| Contracting Expenses | ₹350.3 lakhs | ₹690.2 lakhs |
| Finance Cost | ₹1.4 lakhs | ₹1.5 lakhs |
| Depreciation and Amortization | ₹93.4 lakhs | ₹77.5 lakhs |
| Other Expenses | ₹168.4 lakhs | ₹82.4 lakhs |
| Total Expenses | ₹1,106.6 lakhs | ₹1,311.8 lakhs |
| Profit Before Tax | ₹432.0 lakhs | ₹406.6 lakhs |
| Profit After Tax | ₹384.9 lakhs | ₹395.6 lakhs |
| Total Comprehensive Income | ₹384.9 lakhs | ₹394.4 lakhs |
| Earnings Per Share (Basic) | ₹0.29 | ₹0.30 |
| Paid-up Equity Share Capital | ₹1,324.7 lakhs | ₹1,324.7 lakhs |
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DRC Systems India Current Market Overview
DRC Systems India is currently trading at ₹26.7, showing a positive change of 4.99%. The company has a market capitalization of ₹354 crore, indicating its overall value in the stock market.
Its stock has experienced highs of ₹33.7 and lows of ₹12.3 over a certain period. With a price-to-earnings (P/E) ratio of 24.6, it suggests investors are willing to pay more for each unit of earnings.
Additionally, the company has strong financial metrics, with a return on capital employed (ROCE) of 29.9% and a return on equity (ROE) of 28.4%, indicating good profitability and efficiency. Overall, DRC Systems is showing solid performance in the current market.
| Particulars | Details |
|---|---|
| Current Price | ₹26.7 |
| Price Change | +4.99% |
| Market Capitalization | ₹354 Crore |
| 52-Week High | ₹33.7 |
| 52-Week Low | ₹12.3 |
| Price-to-Earnings (P/E) Ratio | 24.6 |
| Book Value | ₹3.61 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 29.9% |
| Return on Equity (ROE) | 28.4% |
| Face Value | ₹1.00 |
Quarterly Results
Here are the quarterly results for DRC Systems India specifically for the last three quarters: December 2023, March 2024, and June 2024. This table presents key financial figures, including sales, expenses, and profits, allowing for a clear comparison of the company's performance over this period.
| Particulars | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Crores) | 13.56 | 17.12 | 15.36 |
| Expenses (₹ Crores) | 7.85 | 12.32 | 10.13 |
| Operating Profit (₹ Crores) | 5.71 | 4.80 | 5.23 |
| Operating Profit Margin (OPM %) | 42.11% | 28.04% | 34.05% |
| Other Income (₹ Crores) | 0.07 | 0.06 | 0.03 |
| Interest (₹ Crores) | 0.02 | 0.02 | 0.01 |
| Depreciation (₹ Crores) | 0.72 | 0.78 | 0.93 |
| Profit Before Tax (₹ Crores) | 5.04 | 4.06 | 4.32 |
| Net Profit (₹ Crores) | 5.10 | 3.96 | 3.85 |
| Earnings Per Share (EPS ₹) | 0.38 | 0.30 | 0.29 |
About DRC Systems India
About DRC Systems India: DRC Systems India is a software development company founded in 2012. With its headquarters in GIFT City, Gandhinagar, the company has grown significantly and now employs over 300 professionals.
DRC Systems focuses on providing high-quality IT services, including Learning Management Systems (LMS), Blockchain technology, Artificial Intelligence (AI), cloud solutions, and mobile and web application development.
The company prides itself on building long-lasting partnerships with clients, which range from startups to large enterprises and government agencies. DRC Systems aims to deliver innovative solutions that meet the unique needs of its diverse clientele.
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DRC Systems India Q1 Results - FAQs
1. What are the Q1 results for DRC Systems India?
DRC Systems India reported a total income of ₹1,536.8 lakhs for Q1, a decrease of 10.32% YoY.
2. When did DRC Systems India announce their Q1 results?
DRC Systems India announced their Q1 results on July 11, 2024.
3. What was the profit after tax for DRC Systems India in Q1?
The profit after tax for DRC Systems India in Q1 was ₹384.9 lakhs.
4. How did contracting expenses change for DRC Systems India?
Contracting expenses for DRC Systems India decreased by 49.63% YoY, from ₹690.2 lakhs to ₹350.3 lakhs.
5. What was the earnings per share (EPS) for DRC Systems India?
The EPS for DRC Systems India dropped from ₹0.30 to ₹0.29.
6. What was the total comprehensive income for DRC Systems India in Q1?
The total comprehensive income for DRC Systems India in Q1 was ₹384.9 lakhs.
7. How much did total expenses decrease for DRC Systems India?
Total expenses for DRC Systems India decreased by 15.63% QoQ, from ₹1,311.8 lakhs to ₹1,106.6 lakhs.
8. What were the employee benefit expenses for DRC Systems India?
Employee benefit expenses for DRC Systems India were ₹493.1 lakhs in Q1.
9. How did the finance cost change for DRC Systems India?
The finance cost for DRC Systems India was ₹1.4 lakhs in Q1, a slight decrease from ₹1.5 lakhs.