Fundamental Analysis
DATAMATICS GLOBAL SERVICES LTD.
Ticker : 532528
BUY: Rs 5303.40
52-Week H/L : Rs 340
Datamatics Global Services is an Indian company that provides consulting, information technology, data management, and business process management services. The company’s quarterly consolidated financials show that its net sales and operating income grew by 3.85 per cent being at Rs 287.75 crore for Q1FY22 as compared to the net sales & operating income of Rs 277.09 crore reported for Q1FY21. The operating profit increased to Rs 45.46 crore in Q1FY22 from Rs 30.96 crore posted in Q1FY21. The company's net profit recorded a sig-nificant rise being at Rs 39.43 crore in Q1FY22 as compared to the net profit of Rs 13.87 crore recorded in Q1FY21. It has plans of strengthening its US footprint along with partners and seller channels. The company also focusses on investing in auto-mation to improve productivity. Hence, we recommend a BUY.