Allsec technologies limited – FY23 Revenue up by 23 percent & PAT up by 37 percent YoY

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Mumbai, India – 09th May 2023: 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

  • 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

 

  •   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.”