The shares of the leading provider of artificial intelligence and analytics services rose by 3.8% to ₹483.50 per share on Thursday, following the company’s report of a 79% net profit growth in the June quarter.
At 11:05 a,m., R Systems International Ltd shares were trading at ₹476.45 per share, up 2.28 percent from the previous close price on the exchange. The company has a market capitalization of ₹5,661 crore.
What Happened:
According to R Systems International Ltd’s exchange filings, the company reported its financial performance for Q1 FY25, with a consolidated net profit of ₹25 crores, reflecting a notable 79% increase from the corresponding quarter of the previous year. Total revenue for the same quarter reached ₹432 crores, marking a 6% rise compared to the previous year’s quarter. Additionally, R Systems EBITDA grew from 12.8% in March to 14.7% in the June quarter.
About the company:
R Systems is a leading provider of technology, artificial intelligence, analytics and knowledge services. It partners with customers to enable or elevate their digital transformation with diversified digital offerings including product engineering, cloud enablement, quality assurance testing and digital platforms and solutions.
R Systems International Ltd generates 75.1% of its revenue from North America, 8.3% from Europe, 12.9% from SEAC countries, and 3.7% from the rest of the world. Over the past year, the company’s shares have increased by 5%.
As of June, the shareholding pattern shows that promoters hold 51.93%, DIIs hold 1.10%, and retail investors hold 46.38%.
Also Read
For the recent financial year, the company reported a gross profit margin of 15.66% and a net profit margin of 8.34%. Additionally, the company has a ROA of 10.65% and a ROCE of 22.13%.
Written by Omkar Chitnis
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