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SASKEN TECHNOLOGIES Announces Quarterly Results (1QFY19); Net Profit Up 61.9%

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SASKEN TECHNOLOGIES Announces Quarterly Results (1QFY19); Net Profit Up 61.9%
Wed, 25 Jul

SASKEN TECHNOLOGIES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SASKEN TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,1761,2871,3434.3%14.2%
Other incomeRs m949817680.4%87.0%
TurnoverRs m1,2701,3851,5199.7%19.6%
ExpensesRs m1,0481,0721,1365.9%8.4%
Gross profitRs m128215207-3.7%61.6%
DepreciationRs m1515162.6%4.5%
InterestRs m0000.0%0.0%
Profit before taxRs m20729836823.6%77.3%
TaxRs m343888132.1%154.8%
Profit after taxRs m1732602807.8%61.9%
Gross profit margin%10.916.715.4
Effective tax rate%16.612.723.9
Net profit margin%13.618.818.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 14.2% on a year-on-year (YoY) basis. The expenses were up by 8.4% YoY during the same period.
  • The company's operating profit increased by 61.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 1QFY19 as against 10.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 4.5% YoY and 0.0% YoY, respectively.
  • Other income increased by 87.0% YoY during the quarter.
  • Net profit for the quarter increased by 61.9% YoY. Net profit margins during the quarter increased from 13.6% in 1QFY18 to 18.4% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.9% QoQ during the same period.
  • The company's operating profit declined by 3.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.4% in 1QFY19 as against 16.7% in 4QFY18.
  • Net profit for the quarter increased by 7.8% QoQ, while net profit margins declined from 18.8% in 4QFY18 to 18.4% in 1QFY19.

To see how SASKEN TECHNOLOGIES has performed over the last eight quarters, please visit here.

SASKEN TECHNOLOGIES Share Price Performance

Over the last one year, SASKEN TECHNOLOGIES share price has moved up from Rs 507.5 to Rs 926.3, registering a Gain of Rs 418.8 or around 82.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,652.2 (down 0.1%). Over the last one year it has moved up from 10,457.9 to 14,652.2, a gain of 4,194 points (up 40.1%).

Overall, the S&P BSE SENSEX is up 0.1% over the year.

Current Valuations

At the current price of Rs 926.3, the price to earnings (P/E) ratio of SASKEN TECHNOLOGIES stands at 27.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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