Sasken Communication rings on strong Q1 results

Table of Contents

Sasken Communication Technology gained 2.38% to Rs 137.70 at 15:29 IST on BSE on reporting 29.24% rise in net profit to Rs 9.15 crore in Q1 June 2008 over Q4 March 2008.

The company announced the results during trading hours today, 18 July 2008.

Meanwhile, the BSE Sensex was up 519.13 points, or 3.96%, to 13,630.98, helped by a 10% decline in oil prices this week.

On BSE, 11.47 lakh shares were traded in the counter. The scrip had an average daily volume of 8.85 lakh shares in the past one quarter.

The stock hit a high of Rs 142 and a low of Rs 130 so far during the day. The stock had a 52-week high of Rs 493.65 on 20 July 2007 and a 52-week low of Rs 84 on 24 March 2008.

The small-cap company had underperformed the market over the past one month till 17 July 2008, declining 16.23% compared to the Sensex’s decline of 14.98%. It had outperformed the market in the past one quarter, declining 6.56% compared to Sensex’s decline of 20.44%.

The company has an equity capital of Rs 28.56 crore. Face value per share is Rs 10.

The current price of Rs 137.70 discounts its Q4 March 2008 annualised EPS of Rs 9.92, by a PE multiple of 13.88.

Sasken Communication Technology’s total income rose 7.81% to Rs 110.72 crore in Q1 June 2008 over Q4 March 2008.

The company provides telecommunication software services and solutions. The group operates in three segments, software services, software products and network engineering services.


Share the Post:

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.