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Sasken Technologies has announced a board meeting on Q3 FY25 financial results, reporting consolidated revenues of ₹ 144.52 crore, marking a 7% sequential growth, and a robust 49.9% year-over-year increase. The revenue growth was driven by new customer acquisitions and significant contracts across various sectors.
Net profit after tax (PAT) for the quarter stood at ₹ 9.03 crore, which represents a 26.5% decrease from the previous quarter and a sharp 49.1% decline year-over-year, influenced by operational costs and a higher tax burden. Earnings Per Share (EPS) was reported at ₹ 6.00.
Operational costs rose, primarily due to increased employee benefits expenses, reflecting a 7.7% increase sequentially. This rise in costs emphasizes the company's investment in talent acquisition, as demonstrated by a decrease in attrition rates to 6.7%.
The balance sheet shows cash and investments totaling approximately ₹ 626 crore, indicating sufficient liquidity for future initiatives. Sasken's strategic initiatives align with its 60x4x3 growth plan which targets innovation, competitiveness, and the integration of advanced technologies.
In summary, while the revenue growth remains strong, the profitability aspect shows some concern due to rising costs and reduced margins. Monitoring the company's ability to manage costs while scaling operations will be crucial. Given the performance, a hold position may be advisable as the company continues to navigate challenges and capitalize on growth opportunities.