Datamatics hits new high

Datamatics posted very positive results for Q4FY21 and this led to the stock hitting a new high at Rs.156.60, up almost 7% and it continues to hover around the same levels at Rs.154 currently.

The earnings: (QoQ)

· Revenue at Rs.2,84 crore, down 6.5%. The revenue reduction during the quarter is because of non-inclusion of Cignex revenue due to its divestment

· Revenue growth without Cignex, up 8% QoQ

· EBITDA at Rs.42 crore, up 8%

· EBITDA margin up 194 bps at 14.8%; this was mainly on account of cost optimization efforts

· PAT at Rs.29 crore, up 29%