The results are in and as expected we are looking at a solid QoQ growth and an equally solid YoY.
The ebitda is up 16.6% YoY, consistent PAT margin at 16% YoY, QoQ Revenue stood at whooping 25% and YoY at 18.3%.
Coming on segment wise the tech solution business seems to be the growth engine here with 35% YoY growth in revenue.
Biggest YoY growth in revenue segment wise came from card services at 47.4% YoY followed by ATM managed services at 30.2% on the flip side the cash mgmt services grew at 11.1% YoY. Looks like the company is now changing its focus from a atm management business to a more actively managed software and tech business.
Can anyone here point out how much of the company’s tech related business overlaps with what large cap tech giants like TCS, Infosys provides to Indian banks or is it completely different?
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