Sasken Technologies Limited, an IT software firm with a market valuation of Rs. 1,183.60 crore, is a small-cap company. Sasken is a specialist in product engineering and digital transformation, serving top companies worldwide in the semiconductor, automotive, industry, smart devices and wearable, enterprise-grade devices, satcom and transportation sectors. While announcing its Q2 results, the Board of Directors has also declared an interim dividend of 12 per share.
The company, in a stock exchange filing, said that “The Board has declared an interim dividend of Rs.10 each of Rs.12 (120%) per equity share. As informed by our letter dated October 12, 2022, the Board has announced an interim dividend of Rs. November, 2022 has been fixed as the record date for ascertaining the list of shareholders eligible for the above interim dividend and the same shall be paid on or before November 18, 2022.”
Sasken Technologies Limited declared net profit of 35.9 crore in Q2FY23 as compared to 15.20 crore in the quarter ended June, showing a QoQ growth of 136%. declares company revenue 120 cr vs 101.3 crore in Q1FY23 which represents a QoQ growth of 18.5%. The company’s EBIT margin was 23.6% in Q2 versus 25.6% in Q1 and EBIT was up 9.7% on QoQ. 28.4 cr vs 25.9 crore in the quarter ended June. Company declared profit before tax (PBT) 44.07 crores in Q2FY23 as compared to 20.23 crore in the quarter ended June which represents a QoQ growth of 117%.
Shares of Sasken Technologies Ltd closed today 790.00 each, up 1.06% from previous close 781.70. In trading today the stock recorded a total volume of 7,508 shares compared to the 20-day average volume of 7,753 shares. On a YTD basis, the stock has fallen 41.24% so far in 2022. The stock had touched a 52-week high. 52-week low of 1,525.00 and (21-Oct-2021) on 718.00 (12-May-2022).
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