SASKEN TECHNOLOGIES Announces Quarterly Results (3QFY19); Net Profit Down 11.3%

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SASKEN TECHNOLOGIES Announces Quarterly Results (3QFY19); Net Profit Down 11.3%
Tue, 22 Jan

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

SASKEN TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,3191,1311,2147.4%-7.9%
Other incomeRs m9385917.0%-1.8%
TurnoverRs m1,4111,2161,3057.3%-7.5%
ExpensesRs m1,1559981,0889.0%-5.8%
Gross profitRs m164133127-5.0%-22.8%
DepreciationRs m1616161.4%2.1%
InterestRs m0000.0%0.0%
Profit before taxRs m241202201-0.4%-16.3%
TaxRs m373321-38.0%-44.2%
Profit after taxRs m2041691817.0%-11.3%
Gross profit margin%12.411.810.4
Effective tax rate%15.416.510.3
Net profit margin%14.413.913.8
* 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 7.9% on a year-on-year (YoY) basis. The expenses were down by 5.8% YoY during the same period.
  • The company's operating profit declined by 22.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.4% in 3QFY19 as against 12.4% in 3QFY18.
  • Depreciation charges increased by 2.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 1.8% YoY during the quarter.
  • Net profit for the quarter declined by 11.3% YoY. Net profit margins during the quarter declined from 14.4% in 3QFY18 to 13.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.0% QoQ during the same period.
  • The company's operating profit declined by 5.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.4% in 3QFY19 as against 11.8% in 2QFY18.
  • Net profit for the quarter increased by 7.0% QoQ, while net profit margins declined from 13.9% in 2QFY18 to 13.8% in 3QFY19.

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 741.5 to Rs 646.1, registering a Loss of Rs 95.4 or around 12.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,680.7 (down 0.6%). Over the last one year it has moved up from 12,489.8 to 14,680.7, a gain of 2,191 points (up 17.5%).

Overall, the S&P BSE SENSEX is up 1.8% over the year.

Current Valuations

At the current price of Rs 646.1, the price to earnings (P/E) ratio of SASKEN TECHNOLOGIES stands at 20.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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