SASKEN TECHNOLOGIES Announces Quarterly Results (1QFY20); Net Profit Down 17.2%

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SASKEN TECHNOLOGIES Announces Quarterly Results (1QFY20); Net Profit Down 17.2%
Mon, 22 Jul

SASKEN TECHNOLOGIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SASKEN TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,3431,3551,347-0.7%0.3%
Other incomeRs m1761081156.4%-34.9%
TurnoverRs m1,5191,4631,461-0.1%-3.8%
ExpensesRs m1,1361,1111,100-1.0%-3.1%
Gross profitRs m2072442460.8%18.9%
DepreciationRs m16182537.9%60.3%
InterestRs m0020.0%0.0%
Profit before taxRs m3683343340.1%-9.1%
TaxRs m886010372.3%16.8%
Profit after taxRs m280275232-15.6%-17.2%
Gross profit margin%15.418.018.3
Effective tax rate%23.917.830.7
Net profit margin%18.418.815.9
* 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 0.3% on a year-on-year (YoY) basis. The expenses were down by 3.1% YoY during the same period.
  • The company's operating profit increased by 18.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.3% in 1QFY20 as against 15.4% in 1QFY19.
  • Depreciation charges increased by 60.3% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 34.9% YoY during the quarter.
  • Net profit for the quarter declined by 17.2% YoY. Net profit margins during the quarter declined from 18.4% in 1QFY19 to 15.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.0% QoQ during the same period.
  • The company's operating profit increased by 0.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.3% in 1QFY20 as against 18.0% in 4QFY19.
  • Net profit for the quarter declined by 15.6% QoQ, while net profit margins declined from 18.8% in 4QFY19 to 15.9% in 1QFY20.

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 down from Rs 918.9 to Rs 581.4, registering a Loss of Rs 337.5 or around 36.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,498.7 (up 0.3%). Over the last one year it has moved up from 14,572.2 to 15,498.7, a gain of 927 points (up 6.4%).

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 581.4, the price to earnings (P/E) ratio of SASKEN TECHNOLOGIES stands at 18.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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