CyberTech revenue up by 10%

Published On: November 15th 2018 at 7:00 PM

CyberTech Systems and Software Ltd , a CMMi Level 3 Next Gen Location Analytics organization announced its
financial results for the second quarter and half year FY19 ended on 30th September, 2018.

Consolidated Q2FY19 Q‐o‐Q

 Operating revenue was Rs 239.7 million during the quarter under review as compared to Rs 217.7 million during the previous quarter, reflecting a growth of 10.1% on a Q‐o‐Q basis.

 Total revenue was Rs 254.3 million during the quarter under review as compared to Rs 231.7 million during the previous quarter.

 The Company reported an EBITDA of Rs 43.5 million for the quarter under review as compared to Rs 21.4 million during the previous quarter, a growth of 104% on Q‐o‐Q.

 EBITDA Margin stood at 17.1% for Q2FY19 as compared to 9.2% for Q1FY19.

 Net Profit for the quarter under review showed the leverage from our sales increase and stood at Rs 20.4 million for the quarter as compared to Rs 2.9 million during the previous quarter.

Consolidated H1FY19

 Operating revenue was Rs 457.4 million for the half year ended 30th September, 2018 as compared to Rs 434.0 million in the corresponding period of previous year, reflecting a growth of 5.4% on Y‐o‐Y basis.

 The Company reported an EBITDA of Rs 64.8 million (13.3%) for H1FY19 as compared to Rs 73.6 million (15.3%) in the corresponding period of previous year.

Net Profit stood at Rs 23.2 million for H1FY19 as compared to Rs 35.6 million in the corresponding period of previous year.

Business highlights

 Total active client count as of 30th September, 2018 was 36 (LTM).

From Industry perspective, revenue from the Technology sector continued to witness strong momentum which contributed 70% of operating revenue during the quarter under review.

 In terms of geography, US business continued to be the major contributor with a contribution of 93% towards operating revenue.

 As on 30th September, 2018, the Company had 440 total employees.