Sasken Technologies reports a decline in sales at Rs.109.8 crores.

Sasken Technologies Ltd, a Bengaluru-based tech company, has reported its financial results for the quarter ended June 30, 2021. The company reported 16.88 percent growth in net profit at Rs. 33.99 crores as compared to the fourth quarter of Financial Year 2021. 

Sasken Technologies Q1 FY21 results –

  • The net profit of Sasken Technologies increased 25.96 percent to Rs. 35.95 crore against Rs. 28.54 crore during the same quarter of the previous year. 
  • The company’s sales declined 2.88 percent to Rs. 109.8 crore in the first quarter from Rs. 113.06 crore in the June quarter of 2020.
  • EBITDA stands at Rs. 42.87 crore in the quarter, up 3.6 percent from Rs. 41.38 crore for the same quarter last year. 
  • EPS has increased to Rs. 22.63 in the first quarter from Rs. 18.83 in June 2020. 

Sasken Technologies reported a total income of Rs. 120.40 crore during the June quarter as compared to Rs. 121.98 crore during the June quarter of 2020. 

The shares of the company closed at 1336 on July 20, 2021, on the stock exchange. It had given 47.97 percent returns in the last six months and 178.50 percent over the previous 12 months. 

Sasken Technologies Ltd –

Sasken Technologies Ltd. is an Indian multinational tech company and based in Bangalore. Sasken Tech provides product engineering and digital transformation services to clients globally. 

Headed by CEO Rajiv C Mody, the company has a total headcount of more than 2000 employees. 

Along with offices in Bengaluru, Pune, Chennai, Kolkata, and Hyderabad, Sasken Technologies also have a presence in Germany, Japan, UK, and the USA.