Datamatics Global Services Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

With over 19 years of experience, Ankush is a seasoned finance leader with expertise in strategic finance, business planning, controllership, pricing, taxation, treasury, and process transformation. Renowned for driving profitable growth, cost optimization, and large-scale transformations, Akar has consistently delivered impactful results.

Before joining Datamatics, Ankush led the global finance function at Relevance Lab, driving cost optimization to improve profitability. At Zensar Technologies, he was instrumental in finance transformation, enabling efficient, standardized, and scalable processes that drove operational efficiencies.

Ankush’s career also includes significant roles at Wipro, Genpact, and Infosys BPO, where he excelled in financial planning, deal structuring, and solution design. As a chartered accountant and commerce graduate, Ankush’s strong academic background underscores his dedication to excellence in the finance domain.

Ankush’s appointment at Datamatics focuses on strengthening finance operations. Leveraging Ankush’s extensive expertise and experience as a proven finance leader in the IT industry, Datamatics aims to streamline its finance function, while improving financial reporting and financial performance visibility.

Rahul Kanodia, vice chairman & CEO, Datamatics, said, We are happy to welcome Ankush Akar to Datamatics as Senior Vice President & Chief Financial Officer. Ankush's vast expertise and leadership will be instrumental in driving strategic financial initiatives, enhancing operational efficiencies, and supporting Datamatics’ growth journey as we continue to deliver innovative solutions to our clients.”

Ankush Akar, CFO, Datamatics said, I am excited to join Datamatics, a company known for its innovative solutions and commitment to excellence. I look forward to collaborating with the talented teams to drive strategic growth, efficiencies, and contribute to the organization's success in the digital era.

DGSL provides solutions for data driven businesses to enhance their productivity and customer experience. The company's services can be bifurcated into three segments—digital operations, digital experience and digital technology. The company has also developed products in robotics process automation, advanced analytics, business intelligence, and automated fare collection.

The company's consolidated net profit fell 13.99% to Rs 42.36 crore on a 7.95% rise in revenue to Rs 406.75 crore in Q2 FY25 over Q2 FY24.

The scrip fell 2.10% to currently trade at Rs 519.40 on the BSE.

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Datamatics Global Services announced the appointment of Ankush Akar as Senior Vice President & Chief Financial Officer. Ankush will report directly to Rahul Kanodia, Vice Chairman & CEO, overseeing Finance, Travel, and Administration functions.

With over 19 years of experience, Ankush Akar is a seasoned finance leader with expertise in Strategic Finance, Business Planning, Controllership, Pricing, Taxation, Treasury, and Process Transformation. Renowned for driving profitable growth, cost optimization, and large-scale transformations, he has consistently delivered impactful results.

Prior to Datamatics, at Relevance Lab, Ankush led the global Finance function, driving cost optimization to improve profitability, while at Zensar Technologies, he was instrumental in finance transformation to enable efficient, standardized, and scalable processes to drive efficiencies. His career also includes key roles at Wipro, Genpact, and Infosys BPO, where he excelled in financial planning, deal structuring, and solution design. A Chartered Accountant and Commerce graduate, Ankush's strong academic foundation underscores his dedication to excellence in the finance domain.

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Datamatics Global Services has incorporated a wholly owned subsidiary company “Datamatics Global Services LLC-FZ” in Meydan Free Zone, Dubai, UAE.

Datamatics Global Services FZ-LLC has been incorporated for the purpose of increasing the company's market presence and focus on customers in UAE.

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Profit before tax stood at Rs 52.71 crore in Q2 FY25, down 9.96% YoY as compared with Rs 58.54 crore posted in Q2 FY24.

EBITDA declined 17.2% to Rs 48.8 crore in Q2 FY25 from Rs 58.9 crore posted in Q2 FY24. EBITDA margin contracted by 365 basis points to 12% YoY in the quarter ended 30 September 2024.

The company expanded its client portfolio by adding 12 new customers during the quarter.

Rahul Kanodia, vice chairman and CEO, said, “We are pleased to report year-over-year Q2 revenue growth of 8%. However, profitability faced headwinds due to a decline in volumes from some key customers and our investments in building FINATO as an AI-powered platform for finance transformation.”

He further added, “Artificial Intelligence is our strategic initiative, and we continue to upscale our AI capabilities. Google has recognized us as the ‘Strategic partner for the back office of the future.' Additionally, we have partnered with Microsoft to offer customized copilot solutions to accelerate AI adoption in enterprises.”

DGSL provides solutions for data driven businesses to enhance their productivity and customer experience. The company's services can be bifurcated into three segments—digital operations, digital experience and digital technology. The company has also developed products in robotics process automation, advanced analytics, business intelligence, and automated fare collection.

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