Sasken Technologies Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||16.3||411|
|Net Profit (adjusted)||18.8||8.7|
Sasken Technologies Limited consolidated revenue for the quarter came in at Rs. 124.8 crores, registering 6.1% QoQ increase.
EBITDA for the quarter rose by 42% QoQ to Rs. 20.3 crores with a corresponding margin expansion of 411 bps. EBITDA margin for the quarter stood at 16.3%. This margin expansion was aided by 10% yoy decline in other expenses.
PAT for the quarter came in at Rs. 18.8 crores, QoQ increase of 8.7%.
Company has added 8 new customers taking the total number of active customers to 126.
Further, annualised employee attrition stood at 15.7% against 21.3% in Q1FY18. Also, utilisation level declined marginally to 77.2% in Q2FY18.
The board has declared dividend of Rs.2.5 per share of Rs.10 each.
Sasken Technologies Ltd is currently trading at Rs. 530.30, up by 3.45 points or 0.65% from its previous closing of Rs. 526.85 on the BSE.
The scrip opened at Rs. 532 and has touched a high and low of Rs. 539.95 and Rs. 519.95 respectively. So far 19,863(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
BSE 728.05 [11.55] ([1.56]%)
NSE 733.50 [5.25] ([0.71]%)
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