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AGS Transact Q3 revenues grow 5%; debt repayment to help save Rs 100 cr annually

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AGS Transact Q3 revenues grow 5%; debt repayment to help save Rs 100 cr annually

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Payment solutions provider, AGS Transact reported a revenue growth of 5.05 percent at Rs 493 crore in Q3FY22. The company had reported revenues of Rs 469.3 crore in Q3FY21. The company reported a net loss at Rs 9.4 crore in Q3 versus profit after tax of Rs 31.3 crore in Q3FY21. To discuss quarterly earnings and road ahead, CNBC-TV18 spoke to Saurabh Lal, CFO of AGS Transact Technologies.

Payment solutions provider, AGS Transact reported a revenue growth of 5.05 percent at Rs 493 crore in Q3FY22. The company had reported revenues of Rs 469.3 crore in Q3FY21.
The company's Q3 EBITDA grew by 5 percent at Rs 127.6 crore versus Rs 121.5 crore on a year on year basis. Margins however declined by 25.6 percent against 25.9 percent in same quarter last year.
The company reported a net loss at Rs 9.4 crore in Q3 versus profit after tax of Rs 31.3 crore in Q3FY21.
To discuss quarterly earnings and road ahead, CNBC-TV18 spoke to Saurabh Lal, CFO of AGS Transact Technologies.
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