CyberTech Systems Reports Q2 Growth with Revenue Up, EBITDA Down
Cybertech Systems & Software Ltd. reported mixed Q2 results with revenue increasing 1.03% to ₹588.00 million and net profit rising 6.10% to ₹87.00 million. However, EBITDA declined 6.12% to ₹46.00 million, with EBITDA margin dropping to 7.84%. The company approved a special interim dividend of ₹20.00 per equity share. For the half-year, total income was ₹13,197.18 lakhs with net profit at ₹1,682.88 lakhs. The company continues to operate in the 'Information Technology Services' segment and plans to use its recent preferential issue proceeds for expansion and corporate purposes.
*this image is generated using AI for illustrative purposes only.
Cybertech Systems & Software Ltd. has reported a mixed bag of results for the second quarter of the fiscal year. The company saw an increase in revenue and net profit, but experienced a decline in EBITDA and margins.
Financial Performance
Cybertech Systems & Software's consolidated financial results for Q2 show:
| Metric | Q2 Value | Q-o-Q Change |
|---|---|---|
| Revenue | ₹588.00 million | ↑ 1.03% |
| Net Profit | ₹87.00 million | ↑ 6.10% |
| EBITDA | ₹46.00 million | ↓ 6.12% |
| EBITDA Margin | 7.84% | ↓ 0.64 percentage points |
The company's revenue increased to ₹588.00 million from ₹582.00 million in the previous quarter, marking a modest growth of 1.03%. Net profit saw a more significant improvement, rising to ₹87.00 million from ₹82.00 million, representing a 6.10% increase quarter-on-quarter.
However, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) declined to ₹46.00 million from ₹49.00 million in the previous quarter, a decrease of 6.12%. Consequently, the EBITDA margin compressed to 7.84% from 8.48%, dropping by 0.64 percentage points.
Half-Year Performance
For the half-year ended September 30, Cybertech Systems & Software reported:
- Total income of ₹13,197.18 lakhs
- Profit before tax of ₹2,223.34 lakhs
- Net profit of ₹1,682.88 lakhs
Dividend Announcement
In a significant move for shareholders, Cybertech Systems & Software's Board of Directors approved a special interim dividend of ₹20.00 per equity share (face value ₹10.00) for the current fiscal year. This decision, made on September 29, will result in a total outflow of ₹6,226.12 lakhs.
Business Segment and Future Outlook
Cybertech Systems & Software continues to operate in a single reportable business segment: 'Information Technology Services'. The company's focus remains on expanding its existing business activities and exploring growth opportunities, including potential acquisitions.
As per the latest statement, Cybertech Systems & Software has not deviated from its planned use of proceeds from the recent preferential issue of equity shares. The funds raised, amounting to ₹40,27,72,500.00, are currently parked in fixed deposits with banks, pending actual utilization for the company's expansion plans and general corporate purposes.
While the company has shown resilience with increased revenue and net profit, the decline in EBITDA and margins may warrant attention from investors. The substantial interim dividend, however, signals confidence in the company's financial position and commitment to shareholder returns.
Investors and market watchers will likely keep a close eye on how Cybertech Systems & Software navigates the challenging IT services landscape and utilizes its raised funds to drive future growth and profitability.
Historical Stock Returns for Cybertech Systems & Software
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | +9.96% | -22.41% | +21.41% | -22.29% | +109.69% |
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