Radiant Cash Management Services Ltd reported revenue growth of 19.4% and PAT growth of 53.0%forQ3FY23on aY-o-YbasisandhasdeclaredinterimdividendofRe.1per share

Chennai:January28th,2023: Radiant Cash Management Services Ltd (Radiant), an integrated cashlogistics player with a leading presence in the retail cash management (“RCM”) segment of the cashmanagement services industry in India has announced its financial results for the third quarter and ninemonthsendedon December31st2022.

9MFY23Vs9MFY22

TotalRevenuestoodatRs.266.1 croresin9MFY23asagainst Rs.208.5croresin9MFY22.
EarningsbeforeInterest,Tax,Depreciation,andAmortization(EBITDA)stoodatRs.67.6croresin9MFY23,asagainst Rs. 42.1croresin9MFY22.TheCompany’sEBITDAmarginstoodat25.4%.
ProfitAfterTax(PAT)increasedtoRs.47.2croresin9MFY23asagainstRs.27.2croresin9MFY22.The Company’sPATmarginstood at17.7%.
Earningspershare(EPS)forthe9MFY23stoodatRs.4.66

OtherHighlights

Thetotaltouchpointsservicedincreasedto59,758inDec31,2022from47,026asatMarch31,2022
TheCompanyhandledRs.1.18trillionofcashduringthe9-monthperiodendedDec31,2022asagainst Rs.1.30trillionforthefullyearended March31,2022

Commenting on the results, Col. David Devasahayam, Chairman and Managing Director, Radiant CashManagement Services Ltd said “We are happy to declare our first quarterly results after the successfulIPO,andtakethisopportunitytothankallourinvestorsforreposingtheirconfidenceinus.Ourbusinesshas continued to report healthy growth in revenues supported by strong growth of our end-customersacross various sectors including BFSI, e-commerce and organized retail. Our PAT growth of 73.3% forthe 9-month ended Dec 31, 2022 over the same period the previous year demonstrates our highoperatingleverage andfrugalnatureof operations.”

AboutRadiantCashManagementServicesLtd

(https://radiantcashservices.com/;BSE:543732;NSE:RADIANTCMS)

RadiantCashManagementServicesLimitedisanintegratedcashlogisticsplayerwithaleadingpresencein retail cash management (“RCM”) segment of the cash management services industry in India and isone of the largest players in the RCM segment in terms of network locations or touch points served.Radiant Cash Management Services (RCMS) provides services across 13,317 pin codes in India coveringalldistricts(otherthanLakshadweep)withabout59,758touchpointsservingmorethan5,497locationsasofDec31,2022.ItsmarqueeclientsincludeIndia’sTop5PrivateSectorBanksbyMarketCapitalization, India’s largest Public Sector Bank, most of the large Foreign Banks operating in India andseveral direct clients. Its end user of services include some of the largest e-commerce companies, retailchains, NBFCs, insurance firms, ecommerce logistics players, railways and retail petroleum distributionoutlets.

Radiant Cash Management Services Ltd reported revenue growth of 19.4% and PAT growth of 53.0%forQ3FY23on aY-o-YbasisandhasdeclaredinterimdividendofRe.1per share

Chennai:January28th,2023: Radiant Cash Management Services Ltd (Radiant), an integrated cashlogistics player with a leading presence in the retail cash management (“RCM”) segment of the cashmanagement services industry in India has announced its financial results for the third quarter and ninemonthsendedon December31st2022.

 

9MFY23Vs9MFY22

TotalRevenuestoodatRs.266.1 croresin9MFY23asagainst Rs.208.5croresin9MFY22.
EarningsbeforeInterest,Tax,Depreciation,andAmortization(EBITDA)stoodatRs.67.6croresin9MFY23,asagainst Rs. 42.1croresin9MFY22.TheCompany’sEBITDAmarginstoodat25.4%.
ProfitAfterTax(PAT)increasedtoRs.47.2croresin9MFY23asagainstRs.27.2croresin9MFY22.The Company’sPATmarginstood at17.7%.
Earningspershare(EPS)forthe9MFY23stoodatRs.4.66

OtherHighlights

Thetotaltouchpointsservicedincreasedto59,758inDec31,2022from47,026asatMarch31,2022
TheCompanyhandledRs.1.18trillionofcashduringthe9-monthperiodendedDec31,2022asagainst Rs.1.30trillionforthefullyearended March31,2022

Commenting on the results, Col. David Devasahayam, Chairman and Managing Director, Radiant CashManagement Services Ltd said “We are happy to declare our first quarterly results after the successfulIPO,andtakethisopportunitytothankallourinvestorsforreposingtheirconfidenceinus.Ourbusinesshas continued to report healthy growth in revenues supported by strong growth of our end-customersacross various sectors including BFSI, e-commerce and organized retail. Our PAT growth of 73.3% forthe 9-month ended Dec 31, 2022 over the same period the previous year demonstrates our highoperatingleverage andfrugalnatureof operations.”