Oracle Financial Services Software Limited
NSE Symbol OFSS
Q1 FY2011 Results Comparison
Oracle Financial Services Software Limited has declared its results for Q1 FY2011 – which are almost at par with the previous quarters as can be seen below :
Net Sales for Q1 FY11 is at Rs.501 - at par with Q4 FY 10 (Rs.556 Cr); Q3 (Rs. 537Cr); Q2 (Rs.546Cr); Q1(Rs.593 Cr); FY2010 stand alone (Rs.2243 Cr); and FY2010 consolidated (Rs.2874 Cr);
Net Profit for Q1 FY11 is at Rs.174 Cr – compared to Rs.192 cr in Q4FY10; Rs.172 Cr in Q3 FY10; Rs.152 Cr in Q2 FY10; Rs.198 Cr in Q1 FY10; Rs.661 Cr in total FY10 (stand alone ) and Rs.774 Cr in FY10 (consolidated).
On a face Value of Rs.5, the Basic EPS for Q1 FY11 is – Rs. 20.74 compared to Rs. 22.86 in Q4 FY10; Rs.20.51 in Q3 FY10; Rs.18.17 in Q2 FY10; Rs.23.68 in Q1 FY10; Rs.78.87 in FY10 (stand alone) and Rs.92.33 (Consolidated).
Market price is Rs.2111.The annual EPS stand alone could be around Rs.80 for current year. In this EPS, the PE ratio comes to around 26.39.
OTHER NEWS ON OFSS:
In the Q1 FY11, consolidated net profit was INR1.93 billion, compared with INR1.86 billion a year earlier.
Consolidated revenue fell 8% to Rs.6.50 billion from Rs.7.10 billion, due to a decline in sales of its products and business process outsourcing divisions.
It has added 11 customers in the quarter. Products sales fell 11% to Rs.3.99 billion, due to a slide in demand from Europe. BPO services dropped 23% to Rs.173.2 million.
But the company recorded interest and other income of Rs.289.1 million, compared with an expense of Rs.204.5 million a year earlier.
Operating margin for the first quarter fell to 29% from 39% in the previous quarter, and from 31% a year earlier, due to fall in revenue and higher expenses.
RESULTS IN FIGURES :
Jun-10 | Mar-10 | Sep-09 | Jun-09 | Dec-09 | |||
Net Sales | 50067 | 55554 | 53659 | 54562 | 59303 | 224347 | 287397 |
Raw Materials | 26834 | 27628 | 29504 | 28354 | 28702 | 113336 | 130869 |
Gross Profit | 23233 | 27926 | 24155 | 26208 | 30601 | 111011 | 156528 |
Genl Admn.Exp | 5219 | 4978 | 5099 | 5984 | 7009 | 21496 | 30181 |
Sell.Dist.Exp | 1697 | 47 | 2167 | 809 | 2649 | 4210 | 23536 |
Depreciation | 848 | 883 | 1011 | 975 | 1113 | 3741 | 4887 |
OPT bef.Int | 15469 | 22018 | 15878 | 18440 | 19830 | 81564 | 97924 |
Interest | -2661 | 2038 | -2355 | 2307 | -820 | 6827 | 8562 |
OPT A I & EI | 18130 | 19980 | 18233 | 16133 | 20650 | 74737 | 89362 |
P B T | 18130 | 19980 | 18233 | 16133 | 20650 | 74737 | 89362 |
Tax Expenses | 736 | 829 | 1052 | 911 | 813 | 8652 | 11977 |
Net Profit | 17394 | 19151 | 17181 | 15222 | 19837 | 66085 | 77366 |
Face Value | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Paid-up Equity | 4194 | 4190 | 4189 | 4188 | 4188 | 4193 | 4193 |
Reserves | 431125 | 398738 | 379167 | 361975 | 317362 | 413533 | 424766 |
Dividend (%) | - | - | - | - | - | ||
Basic EPS | 20.74 | 22.86 | 20.51 | 18.17 | 23.68 | 78.87 | 92.33 |
Public holding (%) | 19.54 | 19.49 | 19.45 | 19.44 | 19.44 | 19.53 | 19.53 |
ANNOUNCEMENTS
TO THE EXCHANGE
06-08-2010 Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 50067 lacs for quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 17394 lacs for the quarter ending on 30-JUN-2010.
06-08-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated August 05, 2010 titled "Oracle Financial Services Software Reports Q1 FY2011 Net Income of 193 Cr, Up 24% over the quarter ended March 2010".
19-07-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 19, 2010 titled "ABC Banking Corporation Mauritius selects Oracle FLEXCUBE Universal Banking to Extend Bank Operations and Consolidate Finance and Leasing Operations".
16-07-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 15, 2010, titled "Operational Risk & Regulation Readers select Oracle Financial Services Software as a Leader in Annual Compliance Software Rankings".
16-07-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 16, 2010, titled "Banks in Vietnam Bank on Oracle(R) FLEXCUBE to Support Growth and Effectively Transform their Businesses".
16-07-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 15, 2010, titled "Prominvestbank Selects Oracle FLEXCUBE Universal Banking to Standardize Systems and Support Growth".
15-07-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 15, 2010, titled "Celent Names Oracle a Leader in Global Core Banking Sales".
13-07-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 13, 2010, titled "Oracle Named A Global Power Seller in 2009 Banking Platform Deals by Leading Independent Analyst Firm".
26-05-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 26, 2010 , titled "Jibun Bank and United Bank Limited Pakistan win Prestigious Banking Awards".
12-05-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 12, 2010 , titled " National Bank of Cambodia Goes Live on Oracle® FLEXCUBE Universal Banking".
10-05-2010 Oracle Financial Services Software Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 07, 2010, the Directors inter alia: (1) Did not recommend any dividend on equity shares for the financial year ended March 31, 2010.
10-05-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 07, 2010, titled "ORACLE Financial Services Software Reports Fiscal Year 2010 Operating Income of Rs.979 Crores, up 36% over Fiscal Year 2009".
08-05-2010 Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 224347 lacs for year ending on 31-MAR-2010 against Rs. 221262 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 66085 lacs for the year ending on 31-MAR-2010 against Rs. 69571 lacs for the year ending on 31-MAR-2009.
08-05-2010 Oracle Financial Services Software Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 287397 lacs for year ending on 31-MAR-2010 against Rs. 292762 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 77366 lacs for the year ending on 31-MAR-2010 against Rs. 73654 lacs for the year ending on 31-MAR-2009.
15-04-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated April 15, 2010, titled "TECU Credit Union Co-operative Society Limited Deploys Oracle FLEXCUBE Universal Banking".
15-04-2010 Oracle Financial Services Software Limited has informed the Exchange that:"The Company has opened a new local delivery centre in Chile to support Industry-Leading Financial Services Software and Solutions".
15-04-2010 Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated April 14, 2010 titled "Financial Institutions in Europe, Middle East & Africa Continue to Select Oracle Financial Services Solutions to Increase Operational Efficiency".
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