Press Release

Q2 – Consolidated Revenues at Rs. 31.41 crores, a growth of 0.93% on Y -o- Y basis and -4.11% on Q -o- Q basis

Q2 – EBITDA at Rs. 6.65 crores, a growth of 230.41% on Y -o- Y basis and 22.39% on Q -o- Q basis

Q2 – PAT at Rs. 6.01 crores, a growth of 319.07% on Y -o- Y basis and 18.72% on Q -o- Q basis

Hyderabad, Nov 14th , 2022: GSS Infotech Limited, a global IT services company, today announced its Unaudited results for second quarter ending Sep 30th, 2022 on a consolidated and standalone basis.

Consolidated Financial Highlights for the Quarter Ended 30th Sep 2022:
• The company recorded revenues of Rs. 31.41 Crores, a growth of 0.93 % as against Rs. 31.12 crores in Q2 FY 22. However, there is a marginal decrease in revenue by 4.11 % on Q-o-Q basis (Rs. 31.41 crores in Q2 FY 23 against Rs. 32.76 crores in Q1 FY 23).
• EBITDA at Rs. 6.65 crores grew significantly by 230.41 % as against Rs. 2.01 Crores in Q2 FY 22. On sequential basis EBITDA grew by22.39% (Rs. 6.65 crores in Q2 FY 23 against Rs. 5.43 crores in Q1 FY 23); EBITDA margin for Q2 FY23 at 21.16 % as against 6.46% in Q2 FY22 & 16.57% in Q1 FY 23.
• PAT at Rs. 6.01 crores against Rs. 1.43 crores in Q2 FY 22, a growth of 319.07%. On sequential basis PAT grew by 18.72% (Rs. 6.01 crores in Q2 FY 23 against Rs. 5.06crores in Q1 FY 23).

Consolidated Financial Highlights for H1 Ended 30th Sep 2022:
• The company recorded revenues of Rs. 5.43 Crores, a growth of 10.71 % as against Rs. 4.90 crores in Q2 FY 22. On sequential basis revenue grew by 28.68 % on Q-o-Q basis (Rs. 5.43 crores in Q2 FY 23 against Rs. 4.22 crores in Q1 FY 23).
• EBITDA at Rs. 2.03 crores growth by 121.15 % as against Rs. 0.92 Crores in Q2 FY 22. On sequential basis EBITDA grew by 68.89 % (Rs. 2.03 crores in Q2 FY 23 against Rs. 1.20 crores in Q1 FY 23); EBITDA margin for Q2 FY23 at 37.46 % as against 18.75 % in Q2 FY22 & 28.54% in Q1 FY 23.
• PAT at Rs. 1.61 crores against Rs. 0.48 crores in Q2 FY 22, a growth of 237.68%. On sequential basis PAT grew by 36.10% (Rs. 1.61 crores in Q2 FY 23 against Rs. 1.18 crores in Q1 FY 23).

Standalone Financial Highlights for H1 Ended 30th Sep 2022:
• The company recorded revenue of Rs. 9.65 crores in H1 FY 23, a growth of 6.16% as against Rs. 9.09 crores in H1 FY 22.
• EBITDA at Rs. 3.24 crores grew significantly by 127.06 % as against Rs. 1.43 crores in H1 FY 22. EBITDA margin for H1 FY 23 stood at 33.56 % as against 15.69 % in H1 FY 22.
• PAT at Rs. 2.79 crores as against Rs. 0.79 crores in H1 FY 22, a robust growth of 252.80 %

Speaking on the company’s operational performance, Mr. BHARGAV MAREPALLY, Managing Director and CEO of GSS Infotech Limited, said that the company would stay focussedon developmentof, E-commerce platform that would support Business to Business (B2B) and Business to Consumer (B2C) operations by way of facilitating Easy Navigation, Real-time Information and Online Processing.

Further speaking on company financial performance Mr. BHARGAV MAREPALLY said “We are delighted with the performance delivered by the company in H1 FY23. The highlight of this quarter was in achieving considerable growth in EBITDA & PAT by successfully controlling the overheads by way of optimum utilization of the existing resources & also owing to operational efficiencies compared to previous Years & Quarters.

Please refer to Board Presentation
(gssinfotech.com/wp-content/uploads/2022/11/Board-PPT.pdf)