9M FY18 PAT was at Rs. 1.58 crore as against Rs. 1.36 crore in 9M FY17, registered growth of 16%
Bodhtree Consulting Limited, a leading IT consulting and software service provider, has declared its financial results for the third quarter ended December 31, 2017.
9M FY18 Highlights:
- During nine months of FY18 (9M FY18), the revenues increased by 55% on YoY basis to Rs 64.19 crore as against Rs 41.42 crores in 9M FY17
- During 9M FY18, EBITDA stood at Rs 7.74 crores as against Rs 3.31 crores in 9M FY17.
- EBITDA margin improved substantially to 12.06% in 9M FY18 as against 7.98% in 9M FY17
- PAT for 9M FY18 was at Rs 1.58 crores as against Rs 1.36 crore in 9M FY17, registered growth of 16%
Q3 FY18 Highlights:
- The company reported revenues of Rs 26.23 crores in Q3 FY18 as against Rs 17.46 crores in Q3FY17, registered a growth of 50.2% on YoY basis.
- The earnings before interest & depreciation (EBITDA) stood at Rs 3.25 crores in Q3 FY18 as against Rs 1.27 crores in Q3 FY17, registering a significant growth of 156.5% on YoY basis
- EBITDA margin improved by 513 bps YoY to 12.4% in Q3 FY18 as against 7.2% in Q3 FY17
- Profit after Tax increased by 30% YoY to Rs 0.77 crores in Q3 FY18 as against Rs 0.59 crores in Q3 FY17
Major developments:
- Bodhtree Consulting bagged Rs. 100 crore order from MCI; Under Digital Mission Mode II, part of Prime Ministers “Digital India” rollout program. Order to cover 550 Medical colleges
- Bodhtree bags Rs. 43 crore order from Magadh University to provide Digital University Platform and Rs.8.39 crore order from ICFRE, Dehradun
Commenting on the results, Mr. L N Rama Krishna, Managing Director, said, “We are delighted with our revenue growth during the quarter. We are expecting to deliver similar growth in our revenues during Q4 FY18. This also shows that our orders sizes are increasing and we are experiencing good growth in our order book.”
About Bodhtree Consulting:
Bodhtree consulting Ltd. is a BSE listed, IT service provider, which provides services like web and mobile solutions, analytics and big data, enterprise and cloud services to both private and Government agencies. Headquartered in Hyderabad, it was founded in the year 1998 with offices across North America, Singapore, and India. Bodhtree enables enterprises to transform their business using the power of the cloud, analytics, and digital solutions. Bodhtree excels in streamlining key business processes by deploying enterprise applications, integrating applications with their IT infrastructure and maintaining them so that business users can focus on strategic organizational priorities.
While the company works with Fortune 500 firms and SMEs across different industries, they offer vertical-specific solutions to address key business challenges of hi-tech, manufacturing, and healthcare and life sciences companies, educational institutions and government organizations.
