Sasken Communication Technologies's Q1FY17 consolidated net profit declines 91% qoq to Rs.15 crore

India Infoline News Service | Mumbai | July 20, 2016 19:14 IST

The company’s consolidated revenue stood at Rs. 121.77 crore, up 1.63% qoq and 11.44% yoy.

Sasken Communication Technologies Ltd, engineering R&D and IT services provider, reported consolidated net profit of Rs.15.60 crore for the quarter ended June 30, 2017, registering decline of 91.07% qoq, but growth of 58.38% yoy. The company’s revenue stood at Rs. 121.77 crore, clocking growth of 1.63% qoq and 11.44% yoy.

It's consolidated operating profit of Rs. 18.95 crore for the quarter, grew 99.05% qoq and 84.52% yoy. Operating profit margin for the current quarter at 15.56% expanded by 761 bps qoq and 616 bps yoy.

On standalone basis, the company reported net profit of Rs.14.06 crore for the quarter ended June 30, 2017, registering decline of 92.13% qoq, but growth of 77.53% yoy. It’s revenue stood at Rs. 100.14 crore, declining 0.97% qoq but grew by 11.12% yoy.

Sasken Communication Technologies Ltd's operating profit of Rs. 13.37 crore for the quarter, grew 95.18% qoq and 72.07% yoy. Operating profit margin for the current quarter at 13.35% expanded by 658 bps qoq and 473 bps yoy.


Consolidated EPS for the quarter stood at Rs. 8.81.

Stock Commentary:

Sasken Communication Technologies Ltd ended at Rs. 348.1, down by 4.55 points or 1.29% from its previous closing of Rs. 352.65 on the BSE.

The scrip opened at Rs. 352.65 and touched a high and low of Rs. 357.9 and Rs. 344.65 respectively. A total of 47552(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 616.83 crore.

The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 431 on 15-Mar-2016 and a 52 week low of Rs. 223 on 28-Jul-2015. Last one week high and low of the scrip stood at Rs. 360.8 and Rs. 342 respectively.

The promoters holding in the company stood at 40.59 % while Institutions and Non-Institutions held 18.27 % and 41.14 % respectively.

The stock traded below its 100 DMA.

***Note: This is a NSE Chart

 

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