Sasken Q3 net up at Rs 11cr vs Rs 0.24cr in Q2; shrs surge
Bangalore-based Sasken Communication Technologies' third quarter consolidated net profit jumped to about Rs 11 crore from Rs 0.24 crore in the second quarter, sending its shares surging over 10 percent. The net profit, however, is down 44 percent year-on-year.
January 23, 2013 / 13:39 IST
Moneycontrol Bureau
Bangalore-based Sasken Communication Technologies' third quarter consolidated net profit jumped to about Rs 11 crore from Rs 0.24 crore in the second quarter, sending its shares surging over 10 percent. The net profit, however, is down 44 percent year-on-year.Its consolidated revenue for the Oct-Dec quarter was up 4 percent quarter-on-quarter, but down 9 percent from a year ago to at Rs 117 crore.The R&D technology solutions company reported a EBITDA (earnings before interest, taxes, depreciation and amortization) of Rs 13 crore in Q3, versus Rs 2 crore in July-Sep, and down 30 percent from a year ago.Sasken's profit margin last quarter was 9 percent, versus 0.2 percent in the second quarter. EBITDA margin was at 11 percent.The company reported a services revenue of Rs 111 crore, while products revenue was at Rs 5 crore in Q3.It added 9 new customers in the quarter, taking the total active customer base to 133. On a gross level, it added 109 employees in Q3, net decline of 202, taking its total employee count to 2,560 employees.EMEA (Europe, Middle East and Africa) contributed to 35 percent of its revenue last quarter, followed by India at 31 percent, North America at 24 percent and Asia Pacific at 10 percent.At 13:00 hrs, Sasken shares were up 11 percent at Rs 133 on NSE.Also Read
PSUs, cyclicals next key in earnings run: Motilal OswalHUL dips on poor Q3, new royalty pact; brokers cut ratingMultibaggers: 2 stocks that may give you 40-50% returnsExpert tips to play Ibulls Realty, Dish TV, HUL, Kotak Mahindra Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
