SASKEN TECHNOLOGIES Announces Quarterly Results (4QFY18); Net Profit Down 27.0%

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SASKEN TECHNOLOGIES Announces Quarterly Results (4QFY18); Net Profit Down 27.0%
Fri, 20 Jul

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

SASKEN TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m1,1771,3191,287-2.4%9.4%
Other incomeRs m3493985.6%191.1%
TurnoverRs m1,2101,4111,385-1.9%14.5%
ExpensesRs m1,0591,1551,072-7.2%1.2%
Gross profitRs m32016421531.3%-32.8%
DepreciationRs m151615-3.1%1.3%
InterestRs m0000.0%0.0%
Profit before taxRs m33924129823.7%-12.1%
TaxRs m-1737382.2%
Profit after taxRs m35620426027.5%-27.0%
Gross profit margin%27.212.416.7
Effective tax rate%-5.115.412.7
Net profit margin%29.414.418.8
* 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 grew 9.4% on a year-on-year (YoY) basis. The expenses were up by 1.2% YoY during the same period.
  • The company's operating profit declined by 32.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.7% in 4QFY18 as against 27.2% in 4QFY17.
  • Depreciation charges and finance costs increased by 1.3% YoY and 0.0% YoY, respectively.
  • Other income increased by 191.1% YoY during the quarter.
  • Net profit for the quarter declined by 27.0% YoY. Net profit margins during the quarter declined from 29.4% in 4QFY17 to 18.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.2% QoQ during the same period.
  • The company's operating profit increased by 31.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.7% in 4QFY18 as against 12.4% in 3QFY17.
  • Net profit for the quarter increased by 27.5% QoQ, while net profit margins increased from 14.5% in 3QFY17 to 18.8% in 4QFY18.

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 527.8 to Rs 940.9, registering a Gain of Rs 413.1 or around 78.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,607.6 (up 1.8%). Over the last one year it has moved up from 10,154.0 to 14,607.6, a gain of 4,453.6 points (up 43.9%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 940.9, the price to earnings (P/E) ratio of SASKEN TECHNOLOGIES stands at 31.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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