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Hold Datamatics Global Services; target of Rs 610: Choice Equity Broking

Choice Equity Broking recommended hold rating on Datamatics Global Services with a target price of Rs 610 in its research report dated April 02, 2025.

April 03, 2025 / 12:39 IST
Hold
     
     
    26 Aug, 2025 12:21
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    Choice Equity Broking's report on Datamatics Global Services

    Revenue for Q3FY25 came at INR 4.2Bn up 15.2% YoY and 4.6% QoQ (vs CEBPL est. at INR 4.1Bn). EBIT for Q3FY25 came at INR 0.4Bn, up 2.3% YoY and 13.7% QoQ (vs CEBPL est. at INR 0.6Bn). EBIT margin was down 133bps YoY but up 84bps QoQ to 10.5% (vs CEBPL est. at 14.6%). PAT for Q3FY25 stood at INR 0.7Bn, up 80.0% YoY and 75.4% QoQ (vs CEBPL est. at INR 0.6Bn).

    Outlook

    We value DATA at a PE multiple of 14x (no change) implying target price of INR610 based on FY27E EPS of INR 43.5. DATA is a potential candidate for rerating if company meets industry matching sales growth, margin expansion with successful acquisition integration & no further dilution of promoter stakes.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Datamatics Global Services - 03042025 - choice
    Broker Research
    first published: Apr 3, 2025 12:39 pm

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