Sasken Technologies Reports Mixed Q3 FY24-25 Results Amid Profitability Concerns

Sasken Technologies has released its financial results for the third quarter of FY24-25, showcasing a mix of trends within its performance metrics. The company reported net sales of Rs 144.52 crore, which represents a notable increase when compared to the average of the previous four quarters. This positive trajectory is mirrored in the operating profit, which reached Rs 6.09 crore, marking the highest level observed in the last five quarters.
Conversely, the profit after tax (PAT) has experienced a significant decline, falling to Rs 9.06 crore, which is notably lower than the average of Rs 16.29 crore from the preceding four quarters. This decline raises questions about the sustainability of the company's earnings, particularly as non-operating income accounts for a substantial portion of the profit before tax, at 84.98%. Additionally, the earnings per share (EPS) have decreased to Rs 6.00, the lowest recorded in five quarters, indicating challenges in profitability.

The company's liquidity position appears to be under pressure, with cash and cash equivalents dropping to Rs 19.73 crore. This decline suggests a tightening of short-term liquidity. Furthermore, the debtors turnover ratio has reached a low of 5.31 times, which may indicate a slowdown in the collection of receivables.

Overall, Sasken Technologies' financial results reflect a complex landscape, with certain areas showing growth while others signal potential challenges.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.