SASKEN TECHNOLOGIES Announces Quarterly Results (3QFY21); Net Profit Up 44.6%

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SASKEN TECHNOLOGIES Announces Quarterly Results (3QFY21); Net Profit Up 44.6%
Thu, 21 Jan

SASKEN TECHNOLOGIES has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

SASKEN TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m1,1901,0731,1396.2%-4.3%
Other incomeRs m12547102117.5%-18.6%
TurnoverRs m1,3151,1201,24110.8%-5.7%
ExpensesRs m948802789-1.6%-16.8%
Gross profitRs m24227135029.2%44.4%
DepreciationRs m292823-17.1%-21.3%
InterestRs m210-83.1%-95.5%
Profit before taxRs m33628942848.1%27.6%
TaxRs m101568958.4%-11.7%
Profit after taxRs m23523333945.6%44.6%
Gross profit margin%20.425.330.7
Effective tax rate%30.219.520.9
Net profit margin%17.820.827.3
* 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 4.3% on a year-on-year (YoY) basis. The expenses were down by 16.8% YoY during the same period.
  • The company's operating profit increased by 44.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.7% in 3QFY21 as against 20.4% in 3QFY20.
  • Depreciation charges declined by 21.3% and finance costs declined by 95.5% YoY, respectively.
  • Other income declined by 18.6% YoY during the quarter.
  • Net profit for the quarter increased by 44.6% YoY. Net profit margins during the quarter increased from 17.8% in 3QFY20 to 27.3% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.6% QoQ during the same period.
  • The company's operating profit increased by 29.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.7% in 3QFY21 as against 25.3% in 2QFY20.
  • Net profit for the quarter increased by 45.6% QoQ, while net profit margins increased from 20.8% in 2QFY20 to 27.3% in 3QFY21.

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 up from Rs 628.2 to Rs 909.9, registering a Gain of Rs 281.7 or around 44.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 26,510.4 (down 0.2%). Over the last one year it has moved up from 15,925.1 to 26,510.4, a gain of 10,585 points (up 66.5%).

Overall, the S&P BSE SENSEX is up 20.7% over the year.

Current Valuations

At the current price of Rs 909.9, the price to earnings (P/E) ratio of SASKEN TECHNOLOGIES stands at 26.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

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