SASKEN TECHNOLOGIES Announces Quarterly Results (4QFY19); Net Profit Up 5.7%

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SASKEN TECHNOLOGIES Announces Quarterly Results (4QFY19); Net Profit Up 5.7%
Thu, 25 Apr

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

SASKEN TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,2871,2141,35511.6%5.3%
Other incomeRs m989110818.6%10.4%
TurnoverRs m1,3851,3051,46312.1%5.6%
ExpensesRs m1,0721,0881,1112.2%3.6%
Gross profitRs m21512724493.2%13.6%
DepreciationRs m15161813.3%19.3%
InterestRs m0000.0%0.0%
Profit before taxRs m29820133465.9%12.2%
TaxRs m382160188.2%57.4%
Profit after taxRs m26018127551.9%5.7%
Gross profit margin%16.710.418.0
Effective tax rate%12.710.317.8
Net profit margin%18.813.818.8
* 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 5.3% on a year-on-year (YoY) basis. The expenses were up by 3.6% YoY during the same period.
  • The company's operating profit increased by 13.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.0% in 4QFY19 as against 16.7% in 4QFY18.
  • Depreciation charges increased by 19.3% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 10.4% YoY during the quarter.
  • Net profit for the quarter increased by 5.7% YoY. Net profit margins during the quarter increased from 18.8% in 4QFY18 to 18.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.2% QoQ during the same period.
  • The company's operating profit increased by 93.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.0% in 4QFY19 as against 10.4% in 3QFY18.
  • Net profit for the quarter increased by 51.9% QoQ, while net profit margins increased from 13.9% in 3QFY18 to 18.8% in 4QFY19.

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 864.4 to Rs 757.3, registering a Loss of Rs 107.2 or around 12.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,854.2 (down 0.4%). Over the last one year it has moved up from 13,360.8 to 15,854.2, a gain of 2,493 points (up 18.7%).

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 757.3, the price to earnings (P/E) ratio of SASKEN TECHNOLOGIES stands at 23.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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