DRC Systems Reports Strong Q1 Financial Results for FY 2021-22

DRC Systems India Limited Announces Q1FY22 Financial Results

Recorded 66 % YoY growth in PAT to INR 13 Lacs in Q1FY22

Gandhinagar, India, July 30th, 2021 – Information Technology and Software Consultancy Services provider, DRC Systems India Limited “DRC Systems” “The Company”, today announced standalone financial results for the quarter ended June 30, 2021.

Standalone Highlights – Quarter Ended June 30th, 2021 (INR Lacs)

• Revenue was ₹521.9 Lacs, up 21% YoY
• EBITDA was INR 58.2 Lacs, up 190 % YoY
• EBITDA margin was 11 %, up 140 % YoY
• Profit After Tax was INR 13 Lacs, up 66 %, YoY

The company demonstrated strong financial performance, largely driven by increased digital adoption and consumption. Improved operational efficiency resulted in higher margins, positively impacting revenue and profit.

Key Business and Operational Highlights

• During the quarter, the company registered 21% YoY business growth to INR 521.9 Lacs from its recurring customers.
• During the quarter the Company has onboarded new clients globally.

Standalone Financial Highlights: Q1 FY22 (Amounts in INR Lacs)

Company’s Managing Director Mr. Hiten Barchha said, “We continue to demonstrate significant growth registering healthy revenue and profitable growth during the quarter. We have not only managed to generate additional business from our recurring clients but onboarded new clients globally. We will continue delivering world-class IT solutions and services to our clients while maintaining profitability”