Sasken Q1 FY 10 PAT at Rs 20.2 Crores up 47% YoY
Bangalore – 17th July, 2009 -
Sasken Communication Technologies Limited (BSE: 532663, NSE: SASKEN) today announced its consolidated results according to Indian GAAP for the first quarter ended June 30, 2009.
Performance Snapshot for the quarter
- Consolidated Revenues for Q1 FY 10 at Rs. 139.5 Crore
- Down 17 % sequentially over the previous quarter
- Down 17 % YoY from Q1 FY 09
- Consolidated EBIDTA for Q1 FY 10 at Rs. 24.0 Crore
- Down 45 % sequentially over the previous quarter
- Down 34 % YoY from Q1 FY 09.
- Consolidated PAT for Q1 FY 10 at Rs. 20.2 Crores
- Up 423 % sequentially over the previous quarter
- Up 47 % YoY from Q1 FY 10.
- PAT Margins for the quarter at 14.5 %
Key Financial Highlights for the quarter: Q1 FY 10
- Software services revenues were Rupees 139.5 crores for Q1 FY 10.
- Products revenues was at Rs 1.1 Crore for Q1 FY 10
- Consolidated EBIDTA margins were at 17.2 %. Services EBIDTA margins for the quarter was at 18.6 %. The products group posted a loss of Rupees 0.7 crores in the quarter.
- Revenue contribution from the Top five customers stood at 70 % and from Top 10 customers at 85 %
- Average realized rate for the quarter Rs 48.22 per US$
- Sasken group delivered an EPS of Rs 7.5 the quarter.
- The services business delivered an EPS of Rs 8.14 for the quarter.
Key Business Highlights for the quarter Q1 FY 10
- A Gross total of 148 employees were added in Q1 FY09.
- Utilization on the services side stands at 79.5 % for the quarter
- 4 new customers added during the quarter taking the total of active customers to 94.
Speaking on the results, Sasken CEO Mr. Rajiv Mody added, “Overall the environment continues to be challenging but we are seeing signs of some stabilization, particularly in the handset and semiconductor verticals. I am satisfied that the operational efficiency measures that we initiated have translated into growth in the bottom line”
A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com.
Media Contact:
Syed Shahid Mehdi
Manager Corporate Communications
Email : pr@sasken.com
Tel : +91 80 39893222
Fax : +91 80 39813329 |
Investor Relation:
Jaykumar P admanabhan
Senior Manager
Email : investor@sasken.com
Tel : +91 80 39898086
Fax : +91 80 39813329 |
Disclaimer
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company. |
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