Radiant Cash Management Services Ltd reported revenue growth of 19.4% and PAT growth of 53.0% for Q3FY23 on a Y-o-Y basis and has declared interim dividend of Re. 1 per share Chennai: January 2 8 th , 2023: Radiant Cash Management Services Ltd (Radiant), an integrated cash logistics player with a leading presence in the retail cash management (“RCM”) segment of the cash management services industry in India has announced its financial results for the third quarter and nine months ended on December 31st 2022.

The company's total Revenue stands at Rs. 93.3 crores as against Rs. 78.1 crores in Q3 FY22, while Profit After Tax reported was at Rs. 17.0 crores as against Rs. 11.1 crores in Q3 FY22.

EBITDA reported was at Rs. 23.7 crores as compared to Rs. 16.7 crores in Q3 FY22.

Commenting on the results, Col. David Devasahayam, Chairman and Managing Director, Radiant Cash Management Services Ltd said “We are happy to declare our first quarterly results after the successful IPO, and take this opportunity to thank all our investors for reposing their confidence in us. Our business has continued to report healthy growth in revenues supported by strong growth of our end-customers across various sectors including BFSI, e-commerce and organized retail. Our PAT growth of 73.3% for the 9-month ended Dec 31, 2022 over the same period the previous year demonstrates our high operating leverage and frugal nature of operations.”