SASKEN TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Down 10.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SASKEN TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Down 10.0%
Fri, 9 Nov

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

SASKEN TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,2481,3431,131-15.8%-9.4%
Other incomeRs m8017685-51.8%6.8%
TurnoverRs m1,3281,5191,216-20.0%-8.4%
ExpensesRs m1,0611,136998-12.1%-6.0%
Gross profitRs m187207133-35.7%-28.9%
DepreciationRs m1616161.3%-0.8%
InterestRs m0000.0%0.0%
Profit before taxRs m251368202-45.0%-19.3%
TaxRs m638833-62.1%-47.2%
Profit after taxRs m188280169-39.7%-10.0%
Gross profit margin%15.015.411.8
Effective tax rate%25.123.916.5
Net profit margin%14.118.413.9
* 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 fell 9.4% on a year-on-year (YoY) basis. The expenses were down by 6.0% YoY during the same period.
  • The company's operating profit declined by 28.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.8% in 2QFY19 as against 15.0% in 2QFY18.
  • Depreciation charges declined by 0.8% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 6.8% YoY during the quarter.
  • Net profit for the quarter declined by 10.0% YoY. Net profit margins during the quarter declined from 14.1% in 2QFY18 to 13.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.1% QoQ during the same period.
  • The company's operating profit declined by 35.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.8% in 2QFY19 as against 15.4% in 1QFY18.
  • Net profit for the quarter declined by 39.7% QoQ, while net profit margins declined from 18.4% in 1QFY18 to 13.9% in 2QFY19.

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 529.6 to Rs 675.9, registering a Gain of Rs 146.3 or around 27.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,167.6 (down 1.4%). Over the last one year it has moved up from 10,756.5 to 14,167.6, a gain of 3,411 points (up 31.7%).

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 675.9, the price to earnings (P/E) ratio of SASKEN TECHNOLOGIES stands at 20.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

Equitymaster requests your view! Post a comment on "SASKEN TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Down 10.0%". Click here!

  

Related Views on News

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

Jul 22, 2019 | Updated on Jul 22, 2019

For the quarter ended June 2019, SASKEN TECHNOLOGIES has posted a net profit of Rs 232 m (down 17.2% YoY). Sales on the other hand came in at Rs 1 bn (up 0.3% YoY). Read on for a complete analysis of SASKEN TECHNOLOGIES's quarterly results.

SASKEN TECHNOLOGIES Announces Quarterly Results (4QFY19); Net Profit Up 5.7% (Quarterly Result Update)

Apr 25, 2019 | Updated on Apr 25, 2019

For the quarter ended March 2019, SASKEN TECHNOLOGIES has posted a net profit of Rs 275 m (up 5.7% YoY). Sales on the other hand came in at Rs 1 bn (up 5.3% YoY). Read on for a complete analysis of SASKEN TECHNOLOGIES's quarterly results.

SASKEN TECHNOLOGIES 2017-18 Annual Report Analysis (Annual Result Update)

Aug 21, 2018 | Updated on Aug 21, 2018

Here's an analysis of the annual report of SASKEN TECHNOLOGIES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SASKEN TECHNOLOGIES. Also includes updates on the valuation of SASKEN TECHNOLOGIES.

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Multibaggers of the Next Decade(The 5 Minute Wrapup)

Jan 6, 2020

The one key ingredient to be seen amongst top multibaggers of the next decade

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

I Made a Killing in the Markets this Week... Here's How(Profit Hunter)

Jan 10, 2020

How we made a killing in the markets amidst geopolitical tension and war mongering.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

SASKEN TECHNOLOGIES SHARE PRICE


Jan 17, 2020 (Close)

TRACK SASKEN TECHNOLOGIES

  • Track your investment in SASKEN TECHNOLOGIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON SASKEN TECHNOLOGIES

SASKEN TECHNOLOGIES 5-YR ANALYSIS

COMPARE SASKEN TECHNOLOGIES WITH

MARKET STATS