Saksoft reports stellar performance for Q3 FY22; stock ends 8% higher

3 Feb 2022 , 04:10 PM

Saksoft Limited announced its results for the quarter ended December 2021 and has reported strong numbers for the quarter. Saksoft is a leading digital transformation solution partner for Fintech, retail e-commerce, health care, transportation & logistics, and telecom customers worldwide.

Its consolidated revenue from operations for December 2021 quarter stood at Rs 124.47 crore as against Rs 97.41 crore for December 2020 quarter, up by 27.8% YoY. Revenue for the 9M period ended December 2021 stood at Rs 341.34 crore against Rs 288.36 crore for the previous 9M period, increasing 18.4% YoY.

“Delivering growth quarter on quarter is a testament of a partnership approach on supporting customers in their digital transformation journey. Whilst we have been constantly investing in talent at an increased cost in this challenging supply-driven environment, our close monitoring over operational metrics has ensured growth in revenues by 18% and PAT by 39% over the nine months ended December 2021. This from our perspective is a clear headway to our Vision 2025 of becoming a $100 Mn company,” commented Aditya Krishna, Chairman & Managing Director, Saksoft Limited.

Its EBITDA for Q3 FY’22 was reported at Rs 22.07 crore against Rs 17.52 crore for Q3 FY’21, increasing 26% YoY. EBITDA for the 9M period ending December 2021 was Rs 56.88 crore against Rs 48.87 crore for the 9M period ending December 2020, up by 16.4% YoY. EBITDA margin for the quarter stood at 17.7% against 18% for the corresponding quarter, lower by 25 bps.

Its PAT for the quarter ended December 2021 stood at Rs 14.93 crore against the loss of Rs 12.07 crore for the quarter ended December 2020, a growth of 23.7% YoY. PAT for the 9M period ending December 2021 stood at Rs 45.71 crore against Rs 32.93 crore for the previous 9M period, increasing 38.8% YoY. PAT margin reduced by 40 bps at 12% for Q3 FY’22 against 12.4% for Q3 FY’21.

Saksoft closed at Rs 1067.15, 8.59% or Rs 84.45 higher than its previous closing price of Rs 1067.15. It touched day’s high of Rs 1,102.30.