- Revenue growth driven by Enterprise Solutions in overseas markets.
- Despite investing in overseas markets for future growth, we have achieved strong EBITDA and Net profit growth.
- Sustained Net profit margin.
- The growth in the international business was supported by significant deals in North America, the Middle East and Africa regions for Enterprise Solutions.
- Cash flow operations, as a percentage of PBT, stood at 65%, slightly lower than the 66% reported in the last financial year.
- Channel pricing for Trust Services remained stable throughout the quarter.
- The company’s strategic shift towards retail business and eSign has proven to be successful.
- Completed acquisition of Ikon Tech LLC, a company headquartered in Houston, TX providing solutions focussed on cyber security and digital transformation.
- In India, the trust services and enterprise solutions segments have shown an upward trend on a year-on-year basis.
- The order book for enterprise solutions in India remains robust, and they anticipate an uptick in the enterprise business as new government and BFSI projects are executed.
- They are optimistic about sustaining their growth trajectory and reinvesting margins into driving further growth.
- Revenue growth guidance of 25% will be achieved. Margins will be maintained at the same level. May increase by 50-100 bps.
- Moat of the business: Company has almost 1/3rd of its employees in R&D currently, so there is a high chance that they will keep developing a niche.
- Attempting to expand the certification products in the private sector market of the US.
- The company is also working with AWS to expand their network and help gain momentum in the upcoming quarters.
| Subscribe To Our Free Newsletter |
