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

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 (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.

Equitymaster requests your view! Post a comment on "SASKEN TECHNOLOGIES Announces Quarterly Results (3QFY19); Net Profit Down 11.3%". Click here!

  

Related Views on News

SASKEN TECHNOLOGIES Announces Quarterly Results (2QFY21); Net Profit Up 2.4% (Quarterly Result Update)

Oct 22, 2020 | Updated on Oct 22, 2020

For the quarter ended September 2020, SASKEN TECHNOLOGIES has posted a net profit of Rs 233 m (up 2.4% YoY). Sales on the other hand came in at Rs 1 bn (down 14.7% YoY). Read on for a complete analysis of SASKEN TECHNOLOGIES's quarterly results.

SASKEN TECHNOLOGIES Announces Quarterly Results (4QFY20); Net Profit Down 65.6% (Quarterly Result Update)

Apr 29, 2020 | Updated on Apr 29, 2020

For the quarter ended March 2020, SASKEN TECHNOLOGIES has posted a net profit of Rs 94 m (down 65.6% YoY). Sales on the other hand came in at Rs 1 bn (down 16.7% YoY). Read on for a complete analysis of SASKEN TECHNOLOGIES's quarterly results.

More Views on News

Most Popular

My Top Stock Recommendation for 2021 and Beyond(Profit Hunter)

Jan 5, 2021

My new guide will show you the huge potential in future proof businesses.

'Essential' Smallcap Stock Recommendations(Profit Hunter)

Jan 8, 2021

The smallcap rally has enough steam left in it. If you haven't joined yet, it is still not too late.

Is Nifty Forming a Top(Fast Profits Daily)

Jan 8, 2021

The charts are telling the bulls to be cautious.

Why Gold Hit Lower Circuit(Fast Profits Daily)

Jan 11, 2021

Were you shocked that bullion prices hit lower circuits on Friday on the MCX? Find out why it happened...

Five Wishes and a Will(The Honest Truth)

Jan 4, 2021

Ajit Dayal on the investing strategy for 2021 and beyond.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The 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 15, 2021 (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 - HOV SERVICES COMPARISON

COMPARE SASKEN TECHNOLOGIES WITH

MARKET STATS