Shares of one of the largest integrated omnichannel payment solutions providers in India, catering to banks & corporate clients surged 2.7 percent on BSE to Rs 99 on Monday, after reporting a net profit of Rs. 15 crores, a significant recovery from a loss of Rs. 61 crores in Q2 FY24.
With a market cap of Rs. 1,161.8 crores, the shares of AGS Transact Technologies Limited opened in the green at Rs. 97.86, up by nearly 1.6 percent, compared to its previous closing price of Rs. 96.36.
What’s the news:
The fluctuations in the share prices were observed after AGS Transact Technologies Limited announced the financial results for Q2 FY25, through the latest filings with the stock exchanges.
For Q2 FY25, AGS Transact Technologies reported consolidated revenue from operations of Rs. 352 crores, reflecting an increase of around 3.5 percent QoQ from Rs. 340 crores in Q1 FY25, but a decline of about 6.6 percent YoY from Rs. 377 crores in Q2 FY24.
The company’s net profit for Q2 FY25 grew to a profit of Rs. 15 crores, marking a substantial turnaround from a loss of Rs. 61 crores in Q2 FY24 and a quarter-on-quarter marginal improvement of nearly 7.2 percent from Rs. 14 crores in Q1 FY25.
On a year-on-year basis, the consolidated EBITDA increased from Rs. 94 crores in Q2 FY24 to Rs. 104.7 crores in Q2 FY25, registering a growth of 12 percent YoY, while the company’s EBITDA margins grew to 28.4 percent from 24.1 percent, over the same period.
Additionally, Revenue from Services constituted 87.6 percent of the company’s total Revenue from Operations, which included Payment Solutions (both Cash and Digital) at 81.4 percent, and AMC Services and upgrades at 6.2 percent.
Breaking down the segment mix: Payment Solutions accounted for 81.4 percent (with Cash making up 67.4 percent and Digital 14 percent), Banking Automation Solutions represented 17 percent, and Other Automation Solutions contributed 1.6 percent.
As the second half of FY25 approaches, the company is committed to maintaining its growth momentum while seeking strategic collaborations to strengthen its leadership in omnichannel payments.
Shareholding Pattern:
As per the latest shareholding pattern, the Promoters hold an 65.06 percent stake in the company, Foreign Institutional Investors (FII) hold a 0.02 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 30.33 percent and 3.75 percent stake in AGS Transact Technologies, respectively.
Stock Performance:
The stock has delivered positive returns of nearly 51.4 percent in one year, as well as around 32.4 percent returns in the last six months. So far in 2024, the shares of AGS Transact Technologies have given positive returns of about 0.05 percent.
About the company:
Incorporated in 2002, AGS Transact Technologies Limited is engaged in the business of supplying, installing and managing technology-based payment solutions, automation products and providing related services to its customers in the Banking, Petroleum, Colour and Retail sectors.
The company also provides complete ATM Outsourcing, Intelligent Cash Deposit (ICD), ATM Managed Services, Digital payment services which includes toll and transit solutions, services through point of sale (POS) machine, transaction switching and processing services to various banks, financial institutions and other companies.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing
