Sasken Technologies reports 40% fall in Q4 consolidated net profit

21 Apr 2018 Evaluate

Sasken Technologies has reported results for fourth quarter and year ended March 31, 2018.  

The company has reported a fall of 38.34% in its net profit at Rs 23.96 crore for the quarter ended March 31, 2018 as compared to Rs 38.86 crore for the same quarter in the previous year. However, total income of the company has increased by 5.35% at Rs 114.70 crore for quarter under review as compared to Rs 108.88 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported a fall of 40.03% in its net profit at Rs 25.98 crore for the quarter ended March 31, 2018 as compared to Rs 43.32 crore for the corresponding quarter in the FY17. However, total income of the company rose 8.85% at Rs 138.52 crore for quarter under review as compared to Rs 127.26 crore for the same quarter ended previous year. 

For the year ended March 31, 2018, the company has posted a rise of 6.74% in its net profit at Rs 83 crore as compared to Rs 77.76 crore for the same period in the previous year. Total income of company increased 9.72% at Rs 470.02 crore for year under review as compared to Rs 428.39 crore for the period ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted a fall of 2.68% in its net profit at Rs 82.42 crore as compared to Rs 84.69 crore for the same period in the previous year. However, total income of company has increased by 7.88% at Rs 539.45 crore for year under review as compared to Rs 500.05 crore for the period ended March 31, 2017.

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