On consolidated basis
Quarter ended September 2024 compared with Quarter ended June 2024.
Net sales (including other operating income) of Oracle Financial Services
Software has declined 3.88% to Rs 1673.9 crore.
Operating profit margin has declined
from 48.64% to 44.84%, leading to 11.39% decline in operating profit to Rs
750.60 crore. Employee cost increased from 43.46% to 46.90%.
Other expenses rose from 7.90% to 8.26%. Selling and
administration expenses rose from 5.48% to 6.08%. Other direct
service cost fell from 2.41% to 2.17%.
Other income rose 117.92% to Rs
104.6 crore. PBIDT fell 4.46% to Rs 855.2
crore. Provision for interest rose 78.72% to Rs 8.4
crore. Loan funds remained nil.
PBDT fell 4.90% to Rs 846.8
crore. Provision for depreciation rose 1.71% to Rs 17.8
crore.
Profit before tax down 5.03% to Rs
829.00 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 251.3 crore, compared
to Rs 256.2 crore. Effective tax rate was 30.31% compared to 29.35%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
decreased 6.32% to Rs 577.70 crore.
Promoters’ stake was 72.69% as of 30
September 2024 ,compared to 72.71% as of 30 June 2024 .
Quarter ended September 2024
compared with Quarter ended September 2023.
Net sales (including other operating income) of Oracle Financial Services
Software has increased 15.88% to Rs 1673.9 crore. Sales of Product
license & related segment has gone up 16.92% to Rs 1,517.60 crore (accounting
for 90.66% of total sales). Sales of IT Solutions & Consulting
services segment has gone up 6.68% to Rs 156.30 crore (accounting for 9.34% of
total sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 32.21% to Rs 774.40
crore. PBIT of Product license & relat segment rose 31.72% to Rs
728.00 crore (accounting for 94.01% of total PBIT). PBIT of IT
Solutions & Consulting services segment rose 40.38% to Rs 46.40 crore (accounting
for 5.99% of total PBIT).
PBIT margin of Product license &
relat segment rose from 42.58% to 47.97%. PBIT margin of IT
Solutions & Consulting services segment rose from 22.56% to
29.69%. Overall PBIT margin rose from 40.55% to 46.26%.
Operating profit margin has jumped
from 38.64% to 44.84%, leading to 34.49% rise in operating profit to Rs 750.60
crore. Employee cost decreased from 51.78% to 46.90%.
Other expenses fell from 9.58% to 8.26%. Selling and administration
expenses rose from 5.72% to 6.08%. Other direct service cost fell
from 3.86% to 2.17%.
Other income rose 60.58% to Rs 104.6
crore. PBIDT rose 37.22% to Rs 855.2 crore. Provision for
interest rose 4.48% to Rs 8.4 crore. Loan funds declined from Rs
53.81 crore as of 30 September 2023 to Rs 30.60 crore as of 30 September
2024. Sundry debtors were higher at Rs 1,305.10 crore as of 30
September 2024 compared to Rs 1,063.77 crore as of 30 September
2023. Cash and bank balance rose to Rs 4,801.00 crore as of 30
September 2024 from Rs 4,405.76 crore as of 30 September 2023.
PBDT rose 37.64% to Rs 846.8
crore. Provision for depreciation fell 6.37% to Rs 17.8
crore. Fixed assets declined from Rs 221.09 crore as of 30 September
2023 to Rs 187.90 crore as of 30 September 2024. Intangible assets
increased from Rs 608.66 crore to Rs 608.70 crore.
Profit before tax grew 39.05% to Rs
829.00 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 251.3 crore, compared
to Rs 178.75 crore. Effective tax rate was 30.31% compared to
29.98%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
increased 38.39% to Rs 577.70 crore.
Equity capital increased from Rs
43.30 crore as of 30 September 2023 to Rs 43.40 crore as of 30 September
2024. Per share face Value remained same at Rs 5.00.
Promoters’ stake was 72.69% as of 30
September 2024 ,compared to 72.81% as of 30 September 2023 .
Year-to-date (YTD) results analysis.
Net sales (including other operating income) of Oracle Financial Services
Software has increased 17.49% to Rs 3415.3 crore. Sales of Product
license & relat segment has gone up 19.00% to Rs 3,112.70 crore (accounting
for 91.14% of total sales). Sales of IT Solutions & Consulting
services segment has gone up 3.92% to Rs 302.60 crore (accounting for 8.86% of
total sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 33.93% to Rs 1,664.70
crore. PBIT of Product license & relat segment rose 35.82% to Rs
1,579.80 crore (accounting for 94.90% of total PBIT). PBIT of IT
Solutions & Consulting services segment rose 6.36% to Rs 84.90 crore
(accounting for 5.10% of total PBIT).
PBIT margin of Product license &
relat segment rose from 44.47% to 50.75%. PBIT margin of IT
Solutions & Consulting services segment rose from 27.41% to
28.06%. Overall PBIT margin rose from 42.76% to 48.74%.
Operating profit margin has jumped
from 40.58% to 46.78%, leading to 35.44% rise in operating profit to Rs
1,597.70 crore. Employee cost decreased from 50.39% to 45.15%.
Other expenses fell from 9.03% to 8.07%. Selling and
administration expenses rose from 5.31% to 5.78%. Other direct
service cost fell from 3.72% to 2.30%.
Other income fell 7.92% to Rs 152.6
crore. PBIDT rose 30.10% to Rs 1750.3 crore. Provision
for interest rose 168.44% to Rs 13.1 crore. Loan funds declined from
Rs 53.81 crore as of 30 September 2023 to Rs 30.60 crore as of 30 September
2024. Sundry debtors were higher at Rs 1,305.10 crore as of 30
September 2024 compared to Rs 1,063.77 crore as of 30 September
2023. Cash and bank balance rose to Rs 4,801.00 crore as of 30
September 2024 from Rs 4,405.76 crore as of 30 September 2023.
PBDT rose 29.60% to Rs 1737.2
crore. Provision for depreciation fell 5.87% to Rs 35.3
crore. Fixed assets declined from Rs 221.09 crore as of 30 September
2023 to Rs 187.90 crore as of 30 September 2024. Intangible assets
increased from Rs 608.66 crore to Rs 608.70 crore.
Profit before tax grew 30.62% to Rs
1,701.90 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 507.5 crore, compared
to Rs 384.52 crore. Effective tax rate was 29.82% compared to
29.51%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
increased 30.05% to Rs 1,194.40 crore.
Equity capital increased from Rs
43.30 crore as of 30 September 2023 to Rs 43.40 crore as of 30 September
2024. Per share face Value remained same at Rs 5.00.
Promoters’ stake was 72.69% as of 30
September 2024 ,compared to 72.81% as of 30 September 2023 .
Cash flow from operating activities
increased to Rs 1,220.20 crore for YTD ended September 2024 from Rs 778.40
crore for YTD ended September 2023. Cash flow used in acquiring
fixed assets during the YTD ended September 2024 stood at Rs 22.60 crore,
compared to Rs 19.20 crore during the YTD ended September 2023.
Full year results analysis.
Net sales (including other operating income) of Oracle Financial Services Software
has increased 11.84% to Rs 6373 crore. Sales of Product license
& related activitie segment has gone up 12.77% to Rs 5,786.20 crore
(accounting for 90.79% of total sales). Sales of IT Solutions &
Consulting services segment has gone up 3.42% to Rs 586.80 crore (accounting
for 9.21% of total sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 12.85% to Rs 2,908.60
crore. PBIT of Product license & related activitie segment rose
12.27% to Rs 2,747.40 crore (accounting for 94.46% of total
PBIT). PBIT of IT Solutions & Consulting services segment rose
23.62% to Rs 161.20 crore (accounting for 5.54% of total PBIT).
PBIT margin of Product license &
related activitie segment fell from 47.69% to 47.48%. PBIT margin of
IT Solutions & Consulting services segment rose from 22.98% to
27.47%. Overall PBIT margin rose from 45.23% to 45.64%.
Operating profit margin has jumped
from 43.37% to 43.66%, leading to 12.59% rise in operating profit to Rs
2,782.50 crore. Employee cost decreased from 48.68% to 46.81%.
Other expenses rose from 7.95% to 9.53%. Selling and
administration expenses rose from 5.29% to 6.05%. Other direct
service cost rose from 2.66% to 3.49%.
Other income rose 78.38% to Rs 342.2
crore. PBIDT rose 17.33% to Rs 3124.7 crore. Provision
for interest rose 121.96% to Rs 28.1 crore. Loan funds declined from
Rs 69.40 crore as of 31 March 2023 to Rs 42.96 crore as of 31 March 2024. Sundry
debtors were higher at Rs 1,319.31 crore as of 31 March 2024 compared to Rs
1,083.37 crore as of 31 March 2023. Cash and bank balance rose to Rs
5,538.19 crore as of 31 March 2024 from Rs 5,469.74 crore as of 31 March
2023.
PBDT rose 16.83% to Rs 3096.6
crore. Provision for depreciation fell 7.88% to Rs 74.3
crore. Fixed assets declined from Rs 238.72 crore as of 31 March
2023 to Rs 199.16 crore as of 31 March 2024. Intangible assets stood
at Rs 608.66 crore.
Profit before tax grew 17.60% to Rs
3,022.30 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 802.9 crore, compared
to Rs 763.76 crore. Effective tax rate was 26.57% compared to
29.72%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
increased 22.88% to Rs 2,219.40 crore.
Equity capital increased from Rs
43.20 crore as of 31 March 2023 to Rs 43.34 crore as of 31 March
2024. Per share face Value remained same at Rs 5.00.
Promoters’ stake was 72.75% as of 31
March 2024 ,compared to 72.98% as of 31 March 2023 .
Cash flow from operating activities
increased to Rs 1,790.67 crore for year ended March 2024 from Rs 1,758.42 crore
for year ended March 2023. Cash flow used in acquiring fixed assets
during the year ended March 2024 stood at Rs 30.11 crore, compared to Rs 38.13
crore during the year ended March 2023.
Management Comment:
Commenting on the performance, Makarand Padalkar,
Managing Director and Chief Executive Officer, Oracle Financial Services
Software said, “We are witnessing a mindset change in the global financial
industry with a greater demand for cloud offerings. The continued growth in our
license and cloud signings is a result of the proven ability of our products to
deliver end-to-end solutions that meet customers’ business needs and arm them
with competitive advantage. We have successfully delivered this quarter a
double-digit growth year-over-year with revenue growing 16% and net income
growing 38%.”
Avadhut Ketkar, Chief Financial Officer, Oracle
Financial Services Software said “We are
pleased with the overall performance of the business as we maintain the track
record of delivering strong operating performance. The Product business
continued to show momentum with the revenues for the quarter growing 17%
year-over-year. The operating and net margins were robust at 43% and 35%,
respectively. On a half-yearly basis too, our revenue grew by 17% and the net
income increased by 30%, with operating margin of 45% and net margin of 35%”.
| Oracle Financial Services Software : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202409 | 202309 | Var.(%) | 202409 | 202309 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,673.90 | 1,444.48 | 15.88 | 3,415.30 | 2,906.90 | 17.49 | 6,373.00 | 5,698.31 | 11.84 | | OPM (%) | 44.84 | 38.64 | 620 bps | 46.78 | 40.58 | 620 bps | 43.66 | 43.37 | 29 bps | | OP | 750.60 | 558.11 | 34.49 | 1,597.70 | 1,179.61 | 35.44 | 2,782.50 | 2,471.38 | 12.59 | | Other Inc. | 104.60 | 65.14 | 60.58 | 152.60 | 165.72 | -7.92 | 342.20 | 191.84 | 78.38 | | PBIDT | 855.20 | 623.25 | 37.22 | 1,750.30 | 1,345.33 | 30.10 | 3,124.70 | 2,663.22 | 17.33 | | Interest | 8.40 | 8.04 | 4.48 | 13.10 | 4.88 | 168.44 | 28.10 | 12.66 | 121.96 | | PBDT | 846.80 | 615.21 | 37.64 | 1,737.20 | 1,340.45 | 29.60 | 3,096.60 | 2,650.56 | 16.83 | | Depreciation | 17.8 | 19.01 | -6.37 | 35.3 | 37.5 | -5.87 | 74.3 | 80.66 | -7.88 | | PBT | 829.00 | 596.20 | 39.05 | 1701.9 | 1302.95 | 30.62 | 3022.3 | 2569.9 | 17.60 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 829 | 596.2 | 39.05 | 1701.9 | 1302.95 | 30.62 | 3022.3 | 2569.9 | 17.60 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 829 | 596.2 | 39.05 | 1701.9 | 1302.95 | 30.62 | 3022.3 | 2569.9 | 17.60 | | Taxation | 251.3 | 178.75 | 40.59 | 507.5 | 384.52 | 31.98 | 802.9 | 763.76 | 5.12 | | PAT | 577.7 | 417.45 | 38.39 | 1194.4 | 918.43 | 30.05 | 2219.4 | 1806.14 | 22.88 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 577.7 | 417.45 | 38.39 | 1194.4 | 918.43 | 30.05 | 2219.4 | 1806.14 | 22.88 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 577.7 | 417.45 | 38.39 | 1194.4 | 918.43 | 30.05 | 2219.4 | 1806.14 | 22.88 | | EPS (Rs)* | 66.60 | 48.12 | 38.39 | 137.69 | 105.88 | 30.05 | 255.86 | 208.21 | 22.88 | | | * EPS is on current equity of Rs 43.37 crore, Face value of Rs 5, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Oracle Financial Services Software : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
|---|
| % of (Total) | 202409 | 202309 | Var.(%) | % of (Total) | 202409 | 202309 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
|---|
| Sales | | Product license & relat | 90.66 | 1,517.60 | 1,297.97 | 16.92 | 91.14 | 3,112.70 | 2,615.71 | 19.00 | 90.79 | 5,786.20 | 5,130.90 | 12.77 | | IT Solutions & Consulting services | 9.34 | 156.30 | 146.52 | 6.68 | 8.86 | 302.60 | 291.19 | 3.92 | 9.21 | 586.80 | 567.41 | 3.42 | | Total Reported Sales | 100.00 | 1,673.90 | 1,444.48 | 15.88 | 100.00 | 3,415.30 | 2,906.90 | 17.49 | 100.00 | 6,373.00 | 5,698.31 | 11.84 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 1,673.90 | 1,444.48 | 15.88 | 100.00 | 3,415.30 | 2,906.90 | 17.49 | 100.00 | 6,373.00 | 5,698.31 | 11.84 | | PBIT | | Product license & relat | 94.01 | 728.00 | 552.67 | 31.72 | 94.90 | 1,579.80 | 1,163.14 | 35.82 | 94.46 | 2,747.40 | 2,447.10 | 12.27 | | IT Solutions & Consulting services | 5.99 | 46.40 | 33.05 | 40.38 | 5.10 | 84.90 | 79.83 | 6.36 | 5.54 | 161.20 | 130.40 | 23.62 | | Total PBIT | 100.00 | 774.40 | 585.72 | 32.21 | 100.00 | 1,664.70 | 1,242.97 | 33.93 | 100.00 | 2,908.60 | 2,577.50 | 12.85 | | Less : Interest | | -104.70 | -59.50 | -75.96 | | -168.30 | -155.17 | -8.46 | | -331.70 | -167.28 | -98.29 | | Add: Other un-allcoable | | -50.10 | -49.02 | -2.19 | | -131.10 | -95.19 | -37.72 | | -218.00 | -174.88 | -24.66 | | PBIT Margin(%) | | Product license & relat | | 47.97 | 42.58 | 539.10 | | 50.75 | 44.47 | 628.59 | | 47.48 | 47.69 | -21.13 | | IT Solutions & Consulting services | | 29.69 | 22.56 | 712.77 | | 28.06 | 27.41 | 64.30 | | 27.47 | 22.98 | 448.92 | | PBT | 100.00 | 829.00 | 596.20 | 39.05 | 100.00 | 1,701.90 | 1,302.95 | 30.62 | 100.00 | 3,022.30 | 2,569.90 | 17.60 |
|
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