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761.00
788.65
713.30
1,528.95
6M Return -21.81%
1Y Return -40.11%
Mkt Cap.(Cr) 1,163.37
Volume 691
Div Yield 3.24%
OI
-
OI Chg %
-
Volume 691

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Q1FY23 Quarterly Result Announced for Sasken Technologies Ltd.

IT Consulting & Software firm Sasken Technologies Announced Q1FY23 Result :

  • Consolidated Revenues for Q1 FY 23 at Rs 101.32 Crore

  • Down 7.2 % sequentially over the previous quarter

  • Down 7.7 % YoY from Q1 FY 22 

  • Consolidated EBIT for Q1 FY 23 at Rs 25.90 Crore

  • Down 11.8 % sequentially over the previous quarter

  • Down 15.7 % YoY from Q1 FY 22

  • EBIT Margins for the quarter at 25.5 % 

  • Consolidated PAT for Q1 FY 23 at Rs 15.23 Crore

  • Down 43.3 % sequentially over the previous quarter 

  • Down 55.2 % YoY from Q1 FY 22 

  • PAT Margins for the quarter at 15 %

This quarter has been soft on all fronts. The degrowth in revenue is due to headwinds we faced in one of our business lines. While a part of the decline was offset by the growth in other business lines, we were not able to mitigate the impact of a sudden reduction in business. We are making all efforts to return to growth in the coming quarters. We have a large number of Graduate Trainees being onboarded in the next few months which will help better manage our supply side needs. On the demand side, we continue to build our deal pipeline and sharpen our focus on strategic deals that are long term, scalable and profitable, said Rajiv C Mody, Chairman, Managing Director, and CEO of Sasken.
 

 

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

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Sales

Operating Profit

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PE

Debt/Equity

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INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 653.54 Cr FV: 10.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 2,384.58 25,141.00
LAST 3M 44,802.10 -11,969.10
LAST 6M 126,363.03 -152,810.52
LAST 12M 215,488.67 -221,056.82
  • Announcement
  • Corporate action
  • No Data Found

Date Action Type Ratio
Jul 14, 2022 Dividend 130
Oct 28, 2021 Dividend 120
Jul 15, 2021 Dividend 150

Information

  • About Company
  • Company Info
  • Listing Info
10.61
43.13%
434.2224
25.63%
21.06%
Description
  • Sasken Communication Technology Limited (SCTL), SEI CMM Level 5 certified embedded communications solutions company, which was incorporated on 13th February 1989 as ASIC Technologies Private Limited in the State of Gujarat. The Company helps businesses across the communications value chain accelerate product development life cycles. Sasken offers a unique combination of research and development consultancy, wireless software products and software services, and works with Network OEMs, Semiconductor Vendors, Terminal Device OEMs and Operators across the world. In addition to being directly involved in the development of a variety of technologies, Sasken is a member of premier technology bodies including ITU, 3GPP, GCF, MPEG-ISO, WiMAX, NFC, DLNA and ATM, DSL & SDR forums. The Company`s name was changed to Silicon Automation Systems (India) Private Limited in October of the year 1992. After a year, in 1993, SCTL had shifted its registered office from the State of Gujarat to the State of Karnataka and also in the same year, the company received the first contract in the telecom space. During the year 1994, Sasken had begun investing in research and development in the telecom space. An ISO 9001:1994 compliant certification was obtained by the company in the year 1996 and in the identical year, SCTL started to participate in standards bodies such as ITU/T. The first licensing deal in the DSL technology space was awarded to the company in the year of 1997. The name of the company was changed from Silicon Automation Systems (India) Private Limited to Silicon Automation Systems Limited in December of the 1998. On 17th October of the year 2000, the company got its present name Sasken Communication Technologies Limited. During the same year of 2000, the company awarded its first licensing deal in the wireless space. An ISO9001: 2000 compliant certification was handed over to the company in period of 2001 and in immediate next year, SCTL assessed at SEI CMM Level 5, awarded the NHRD award for lifetime achievement. Also, the company ranked 14th in the Business Today-Hewitt survey for Best Employers in India during the identical year of 2002. During the year 2003, the company got improved, ranked first in the Business Today-Mercer survey for Best Employers in India, and ranked sixth in the Dataquest and Business World-Great Places to Work surveys. Also in the same year, SCTL had received TL9000 and BS7799 certification. In 2005, the company had entered into capital market by the way of Initial Public Offerings. Sasken acquired iSoftTech Private Limited, Chennai in June 2006 and also acquired 100% stake in Botnia Hightech(Now Sasken Finland) headquartered in Kaustinen, Finland during September of the year 2006, with other offices in Tampere, Oulu and Turku in Finland. In January 2007, Sasken entered into a Joint Venture with Tata Autocomp (A prominent member of Tata Group) known as TACO Sasken Automotive Electronics Pvt Ltd (TSAE). The JV focuses on automotive electronic products in the areas of telematics, infotainment and occupant convenience. SCTL Joined the Near Field Communication (NEC) Forum, a non-profit industry association advancing the use of NFC technology, as an associate member in the year 2007. Nokia had transferred its adaptation software R&D operations in Bochum, Germany to the company in June 2008 and July of the same year, SCTL made its first NFC Software Stack partner agreement with Innovision Research and Technology (UK).

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Registered Address

No 139/25 Domlur Layout, Ring Road Domlur Post, Bangalore, Karnataka, 560071

Tel : 91-80-66943000
Email : investor:sasken.com
Website : http://www.sasken.com

Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532663
NSE Code : SASKEN
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE231F01020

ICICIdirect Sasken Technologies Ltd FAQ

You can buy Sasken Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sasken Technologies Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Aug 10, 2022 04:01 PM the closing price of Sasken Technologies Ltd was ₹ 772.95.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Aug 10, 2022 04:01 PM, the market cap of Sasken Technologies Ltd stood at ₹ 1,163.37.
The latest PE ratio of Sasken Technologies Ltd as of Aug 10, 2022 04:01 PM is 10.61
The latest PB ratio of Sasken Technologies Ltd as of Aug 10, 2022 04:01 PM is 0.56
The 52-week high of Sasken Technologies Ltd is ₹ 1,528.95 while the 52-week low is ₹ 713.30 .

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