Sasken Technologies Q2FY18 consolidated net profit rises 8.7% qoq

India Infoline Research Team | October 16, 2017 17:37 IST

Sasken Technologies Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 QoQ (%)
Revenue 124.8 6.1
EBITDA 20.3 42
EBITDA Margin (%) 16.3 411
Net Profit (adjusted) 18.8 8.7
***EBITDA margin change is bps
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Reco. Price

520

Last updated on

09-Oct-2017




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.

Technical View:

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 662.05 3.25 (0.49%)
NSE 662.40 3.70 (0.56%)

***Note: This is a NSE Chart

 

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