Datamatics granted patent for AI-powered document processing software, stock surges 7%

The firm stated that TruCap+ automated data extraction from complex structured, semi-structured, and unstructured documents. The software is powered by artificial intelligence (AI), which enables a template-free approach and delivers a greater straight-through processing (STP) with a high accuracy.

The company pointed out that TruCap+ offers an intuitive user interface (UI) to deliver business users an efficiency-driven solution. Its cloud-based architecture allows TruCap+ to scale on demand while meeting enterprise-grade standards for security, reliability, and integration.

The company reported that it has recently enhanced TruCap+ by integrating Generative AI (GenAI) capabilities. Customers can use the software to process various documents such as legal papers, financial statements, medical images, drawings, graphs, and emails. Customers can also query and analyse the extracted data with the help of the natural language querying feature.

During the fourth quarter of fiscal year 2024, the firm reported a 12% decline in its net profit at ₹52.5 crore. Revenue from operations fell 0.9% to ₹412.7 crore during the quarter. Earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 23.2% to ₹64.7 crore while EBITDA margin declined to 15.7% during the quarter from 20.2% in the same period a year ago.

For the full fiscal year 2024, the firm reported a 4.9% rise in its net profit at ₹198.2 crore. Revenue from operations rose 6.2% to ₹1,549.9 crore while EBITDA grew 0.6% to ₹244 crore. EBITDA margin declined to 15.7% during the year compared to 16.6% in the previous year.

Shares of the company have declined by nearly 16% since the beginning of the year. The stock has gained over 11% in the last one year.