Sasken Technologies Reports Mixed Performance in Q1 FY25 Financial Results

Sasken Technologies, a smallcap IT software company, has recently declared its financial results for the quarter ending June 2024. The company has received a ‘Hold’ call from MarketsMOJO, indicating a neutral stance on its stock.

According to the financial report, Sasken Technol. has shown a flat performance in the quarter, with a slight improvement in its score from -11 to -5 in the last three months. However, there are some positive aspects to the company’s financials. Its net sales for the quarter were the highest in the last five quarters, at Rs 123.36 crore, showing a positive trend in the near term. Additionally, the company’s net sales have grown by 21.4% over the average of the previous four quarters, indicating a positive sales trend.

On the other hand, there are some areas of concern for Sasken Technol. Its operating cash flow has been consistently falling in the last three years, with the lowest being Rs 59.36 crore in the last fiscal year. The company’s profit after tax (PAT) for the first nine months of the current fiscal year has also shown a negative trend, with a growth of -28.28% year on year. Moreover, the company’s non-operating income for the quarter is 91.50% of its profit before tax, which raises questions about the sustainability of its business model.

Overall, Sasken Technologies has shown a mixed performance in the quarter ending June 2024. While there are some positive aspects to its financials, there are also some areas of concern that need to be addressed. Investors are advised to hold their positions on the stock and keep a close watch on the company’s future financial results.