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Earnings Call Transcript

R Systems International Earnings Call Transcript: Key Takeaways

R Systems delivered record quarterly revenue, crossing ₹600 Cr with strong 30.2% YoY growth. Management is aggressively pivoting toward an AI-first strategy to drive future margins.

Highlights
Revenue growth₹601.7 Cr, up 30.2% YoY; organic growth remains consistently positive.
MarginsAdjusted EBITDA at 20.1%, up from 17.3% last year.
Order bookACV bookings reached $82.9M, indicating steady long-term demand visibility.
Demand visibilityStrong pipeline for AI-led transformation and GIC/GCC services.
Management confidenceHigh confidence in AI-led differentiation and strategic market positioning.

Growth

Revenue grew 30.2% YoY (17.7% in USD), supported by volume growth and the Novego acquisition integration.

Outlook

EBITDA margins are targeted to sustain in the 18-18.x% range while investing heavily in AI initiatives.

Risks

One-time currency hedging benefits from Q1 did not recur, causing a 17.1% QoQ decline in adjusted PAT.

Last quarter's promises, checked

Delivered

  • Guided 18-19% adj EBITDA sustainable → delivered 20.1% (= BEAT)

Partly delivered

  • Guided CC growth 3-4% (tracked, not formal guidance) → CC growth not disclosed; USD growth 17.7% incl. Novigo and FX (= PARTIAL)

Missed

  • Guided normalized ETR 28-29% → delivered ~31% (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: RSYSTEMS. Summary written with AI assistance from the document.

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R Systems International Ltd: key numbers

Share price
₹250.85
Market cap
₹2,972 Cr
Revenue (annual)
₹1,958 Cr
Net profit (annual)
₹186.2 Cr
P/E (TTM)
15.4×Sector 23.5×
Promoter holding
51.84%-0.01% QoQ
FII holding
3.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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