IT Consulting & Software company Sasken Technologies declares Q3FY22 result: Consolidated Revenues for Q3 FY 22 at Rs 106.27 Crore Down 2.2 % sequentially over the previous quarter Down 6.7 % YoY from Q3 FY 21 Consolidated EBIT for Q3 FY 22 at Rs 29.85 Crore Down 8.6 % sequentially over the previous quarter Down 8.7 % YoY from Q3 FY 21 EBIT Margins for the quarter at 28.0 % Consolidated PAT for Q3 FY 22 at Rs 30.07 Crore Down 19.3 % sequentially over the previous quarter Down 11.3 % YoY from Q3 FY 21 PAT Margins for the quarter at 28.2 % Revenue contribution from the Top 5 customers stood at 45.0 % and from the Top 10 customers at 65.0 Added 3 new customers during the quarter, taking the total number of active customers to 66. Consolidated EPS was at Rs 20.00 for the quarter. We continue to be focused on our business transformation agenda and is mindful that such efforts take time to give dividends. The minor reduction in our revenue is in large part the consequence of our focusing on a better quality of customer engagements that are both scalable and long term. We continue to remain cautiously optimistic that the current upsurge in covid positivity will eventually decline. As a company that cares for all its stakeholders, we are doing our best to take care of our employees’ wellbeing and serve our customers without any disruption, said Rajiv C Mody, Chairman, Managing Director, and CEO of Sasken. Result PDF
Highlights: Consolidated Revenues for H1 FY 22 at Rs 218.45 Crore Down 0.9 % YoY from H1 FY 21 Consolidated EBIT for H1 FY 22 at Rs 63.35 Crore Up 17.7 % YoY from H1 FY 21 Consolidated PAT for H1 FY 22 at Rs 71.29 Crore Up 38.3 % YoY from H1 FY 21 PAT Margins for H1 at 32.7 % Consolidated Revenues for Q2 FY 22 at Rs 108.65 Crore Down 1.1 % sequentially over the previous quarter Up 1.3 % YoY from Q2 FY 21 Consolidated EBIT for Q2 FY 22 at Rs 32.64 Crore Up 6.3 % sequentially over the previous quarter Up 34.3 % YoY from Q2 FY 21 EBIT Margins for the quarter at 30.1 % Consolidated PAT for Q2 FY 22 at Rs 37.29 Crore Up 9.7 % sequentially over the previous quarter Up 60.2 % YoY from Q2 FY 21 PAT Margins for the quarter at 34.4% There is a glimmer of hope that the COVID-19 pandemic is in some sense dissipating. We are making progress on our transformation journey and have strengthened our sales and delivery at the operational and leadership levels. Our focus remains on winning long-term, scalable business contracts from both existing and new customers. This quarter we have added two global leaders as part of our enviable list of customers. Our entry into the Electric Vehicle segment is exciting and we will do our best to nurture and scale this. Notwithstanding this we remain vigilant and prepared to handle any exigency as a matter of prudence, said Rajiv C Mody, Chairman, Managing Director, and CEO of Sasken. Result PDF