Q3FY23 Quarterly Result Announced for Sasken Technologies Ltd.
IT consulting & software firm Sasken Technologies announced Q3FY23 results: Consolidated Q3FY23: Revenues for Q3FY23 at Rs 122.77 crore Up 2.3% sequentially over the previous quarter. Up 15.5% YoY from Q3FY22. EBIT for Q3FY23 at Rs 27.37 crore Down 3.5% sequentially over the previous quarter Down 8.3% YoY from Q3FY22 EBIT Margins for the quarter at 22.2% PAT for Q3FY23 at Rs 31.26 crore Down 13% sequentially over the previous quarter Up 3.9% YoY from Q3FY22 PAT Margins for the quarter at 25.4% EPS was at Rs 20.79 for the quarter. We continue to invest in people and emerging technologies to maintain our position as the best-in-class engineering company. We have also augmented our leadership in this quarter and strengthened our front-end capabilities. These efforts, as mentioned previously and evident from the results of this quarter, have marginally dented our profitability. We expect the margins to be suppressed for some time as we continue to make investments in growing the business globally. Notwithstanding the current macroeconomic recessionary headwinds, we are confident of turning around this situation through our deep technical expertise and longstanding client relationships, said Rajiv C Mody, Chairperson and Managing Director of Sasken Result PDF24-01-2023