Allsec Technologies Revenue Grew By 23% & PAT Increased by 37% YoY in FYY 23
FY23 revenue from Operations is up by 23.1% YoY, driven by growth in both verticals - DBS by 25.8% & HRO by 18.3%.
Allsec Technologies Limited, a global leader in Digital Business Services (DBS) & Human Resources Outsourcing (HRO) solutions announced its financial results for the Financial Year FY23.
FY23 revenue from Operations is up by 23.1% YoY, driven by growth in both verticals – DBS by 25.8% & HRO by 18.3%.
The key consolidated financial parameters are:
Particulars | Q4 FY23 | Q3 FY23 | Q4 FY22 | YoY (%) | QoQ | FY 22-23 | FY21-22 | YoY % | ||
Revenue from Operations | 108.0 | 100.1 | 85.4 | 26.5% | 7.9% | 390.5 | 317.2 | 23.1% | ||
EBITDA | 23.7 | 21.0 | 23.6 | 0.6% | 13.1% | 88.4 | 80.2 | 10.2% | ||
EBITDA Margin % | 22.0% | 21.0% | 27.6% | -564 bps | 102 bps | 22.6% | 25.3% | -264 bps | ||
PBT | 15.2 | 14.1 | 18.2 | -16.4% | 8.3% | 64.5 | 61.2 | 5.5% | ||
PBT Margin | 14.1% | 14.0% | 21.3% | -722 bps | 5 bps | 16.5% | 19.3% | -275 bps | ||
PAT | 12.1 | 7.2 | 17.5 | -30.7% | 67.8% | 48.9 | 35.6 | 37.1% | ||
PAT Margin | 11.2% | 7.2% | 20.5% | -928 bps | 401 bps | 12.5% | 11.2% | 128 bps | ||
Diluted EPS ( in ₹) | 7.96 | 4.74 | 11.49 | -3.53 | 3.22 | 32.07 | 23.39 | 8.68 |
Q4 FY’23 Business highlights
Ø Digital Business Services (DBS):
§ Total Revenue for the vertical at ₹ 68.9 Cr is up by 28.2% YoY and 3.2% QoQ.
§ International business revenue at ₹ 47.3 Cr is up by 24.6% YoY and 6.3% QoQ
§ Domestic business revenue at ₹ 21.6 Cr is up by 37.0% YoY and -3.0% QoQ
§ Margin at ₹7.6 Cr is down by 0.4% YoY and 13.2% QoQ
§ Total Headcount at 4,076 is up by 17.3% YoY and down by 1.4% QoQ
Ø Human Resources Operations (HRO):
§ Total Revenue for the vertical at ₹ 39.1Cr is up by 23.6% YoY and 17.3% QoQ
§ HRO Payroll business revenue at ₹29.1Cr is up by 17.7% YoY and 14.1% QoQ
§ HRO Compliance business revenue at ₹10.0 Cr is up by 43.9% YoY and 27.2% QoQ
§ Margin at ₹10.5 Cr is decreased by 11.3% YoY and 1.7% QoQ
§ 35.9 lacs Payslips processed, up by 11.4% YoY and 4.0% QoQ
Commenting on the results, CEO Mr. Naozer Dalal said, “We are pleased to share with you yet another set of robust results for March 23 with YoY high double-digit growth in full year Revenue & PAT. Both our businesses continue to perform exceedingly well with HRO emerging as a clear market leader this year. We will continue to make the right investments in people & technology to ensure that we retain our growth trajectory into the near future.”
