Radiant Cash Management Services Ltd reported revenue growth of 19.4% and PAT growth of 53.0% for Q3FY23 on a Y-o-Y basis and has declared interim dividend of Re. 1 per share
Radiant Cash Management Services Ltd reported revenue growth of 19.4% and PAT growth of 53.0% for Q3FY23 on a Y-o-Y basis and has declared interim dividend of Re. 1 per share Chennai: January 28 th, 2023: Radiant Cash Management Services Ltd (Radiant), an integrated cash logistics player with a leading presence in the retail cash management (“RCM”) segment of the cash management services industry in India has announced its financial results for the third quarter and nine months ended on December 31st, 2022.
Highlights for Q3 FY23 (YoY) Consolidated Financials
- Total Revenue stands at Rs. 93.3 crores as against Rs. 78.1 crores in Q3 FY22
- EBITDA reported was at Rs. 23.7 crores as compared to Rs. 16.7 crores in Q3 FY22
- Profit After Tax reported was at Rs. 17.0 crores as against Rs. 11.1 crores in Q3 FY22
- EPS for the quarter stands at Rs. 1.68 (Face Value Re. 1 per share)
- Interim dividend of 100% of face value of Re. 1 per share declared
9MFY23 Vs 9MFY22
- Total Revenue stood at Rs. 266.1 crores in 9MFY23 as against Rs. 208.5 crores in 9MFY22.
- Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) stood at Rs. 67.6 crores in 9MFY23, as against Rs. 42.1 crores in 9MFY22. The Company’s EBITDA margin stood at 25.4%.
- Profit After Tax (PAT) increased to Rs. 47.2 crores in 9MFY23 as against Rs. 27.2 crores in 9MFY22. The Company’s PAT margin stood at 17.7%.
- Earnings per share (EPS) for the 9MFY23 stood at Rs. 4.66
Other Highlights
- The total touch points serviced increased to 59,758 in Dec 31, 2022, from 47,026 as at March 31, 2022
- The Company handled Rs. 1.18 trillion of cash during the 9-month period ended Dec 31, 2022 as against Rs. 1.30 trillion for the full year ended March 31, 2022
Commenting on the results, Col. David Devasahayam, Chairman and Managing Director, Radiant Cash Management Services Ltd said “We are happy to declare our first quarterly results after the successful IPO, and take this opportunity to thank all our investors for reposing their confidence in us. Our business has continued to report healthy growth in revenues supported by strong growth of our end-customers across various sectors including BFSI, e-commerce and organized retail. Our PAT growth of 73.3% for the 9-month ended Dec 31, 2022 over the same period the previous year demonstrates our high operating leverage and frugal nature of operations.”
