SASKEN TECHNOLOGIES Announces Quarterly Results (3QFY20); Net Profit Up 29.8%

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SASKEN TECHNOLOGIES Announces Quarterly Results (3QFY20); Net Profit Up 29.8%
Wed, 22 Jan

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

SASKEN TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,2141,2571,190-5.3%-2.0%
Other incomeRs m91144125-13.5%37.4%
TurnoverRs m1,3051,4011,315-6.2%0.8%
ExpensesRs m1,0881,085948-12.6%-12.9%
Gross profitRs m12717224240.8%91.5%
DepreciationRs m1628295.6%81.4%
InterestRs m02241.8%0.0%
Profit before taxRs m20128733616.9%66.8%
TaxRs m216010169.3%390.3%
Profit after taxRs m1812272353.1%29.8%
Gross profit margin%10.413.720.4
Effective tax rate%10.320.830.2
Net profit margin%13.816.217.8
* 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 2.0% on a year-on-year (YoY) basis. The expenses were down by 12.9% YoY during the same period.
  • The company's operating profit increased by 91.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 3QFY20 as against 10.4% in 3QFY19.
  • Depreciation charges increased by 81.4% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 37.4% YoY during the quarter.
  • Net profit for the quarter increased by 29.8% YoY. Net profit margins during the quarter increased from 13.8% in 3QFY19 to 17.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.6% QoQ during the same period.
  • The company's operating profit increased by 40.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 3QFY20 as against 13.7% in 2QFY19.
  • Net profit for the quarter increased by 3.1% QoQ, while net profit margins increased from 16.2% in 2QFY19 to 17.8% in 3QFY20.

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

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SASKEN TECHNOLOGIES Share Price Performance

Over the last one year,SASKEN TECHNOLOGIES share price has moved down from Rs 657.5 to Rs 638.0, registering a Loss of Rs 19.5 or around 3.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,150.1 (up 1.4%). Over the last one year it has moved up from 14,769.0 to 16,150.1, a gain of 1,381 points (up 9.4%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 638.0, the price to earnings (P/E) ratio of SASKEN TECHNOLOGIES stands at 18.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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