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

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SASKEN TECHNOLOGIES Announces Quarterly Results (4QFY20); Net Profit Down 65.6%
Wed, 29 Apr

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

SASKEN TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m1,3551,1901,129-5.2%-16.7%
Other incomeRs m108125-27-121.4%-124.8%
TurnoverRs m1,4631,3151,102-16.2%-24.7%
ExpensesRs m1,111948909-4.1%-18.2%
Gross profitRs m244242220-9.2%-10.0%
DepreciationRs m1829290.3%60.7%
InterestRs m022-26.3%0.0%
Profit before taxRs m334336162-51.7%-51.4%
TaxRs m6010168-33.1%13.8%
Profit after taxRs m27523594-59.7%-65.6%
Gross profit margin%18.020.419.5
Effective tax rate%17.830.241.8
Net profit margin%18.817.88.6
* 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 16.7% on a year-on-year (YoY) basis. The expenses were down by 18.2% YoY during the same period.
  • The company's operating profit declined by 10.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.5% in 4QFY20 as against 18.0% in 4QFY19.
  • Depreciation charges increased by 60.7% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 124.8% YoY during the quarter.
  • Net profit for the quarter declined by 65.6% YoY. Net profit margins during the quarter declined from 18.8% in 4QFY19 to 8.6% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.1% QoQ during the same period.
  • The company's operating profit declined by 9.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.5% in 4QFY20 as against 20.4% in 3QFY19.
  • Net profit for the quarter declined by 59.7% QoQ, while net profit margins declined from 17.9% in 3QFY19 to 8.6% in 4QFY20.

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 762.3 to Rs 408.2, registering a Loss of Rs 354.1 or around 46.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,220.5 (up 0.4%). Over the last one year it has moved down from 16,044.8 to 13,220.5, a loss of 2,824 points (down 17.6%).

Overall, the S&P BSE SENSEX is down 17.0% over the year.

Current Valuations

At the current price of Rs 408.2, the price to earnings (P/E) ratio of SASKEN TECHNOLOGIES stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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