*Sasken Technologies Ltd.*
Q2FY22 Result Quarterly Announced for Sasken Technologies Ltd.
Highlights:
Consolidated Revenues for H1 FY 22 at Rs 218.45 Crore
Down 0.9 % YoY from H1 FY 21
Consolidated EBIT for H1 FY 22 at Rs 63.35 Crore
Up 17.7 % YoY from H1 FY 21
Consolidated PAT for H1 FY 22 at Rs 71.29 Crore
Up 38.3 % YoY from H1 FY 21
PAT Margins for H1 at 32.7 %
Consolidated Revenues for Q2 FY 22 at Rs 108.65 Crore
Down 1.1 % sequentially over the previous quarter
Up 1.3 % YoY from Q2 FY 21
Consolidated EBIT for Q2 FY 22 at Rs 32.64 Crore
Up 6.3 % sequentially over the previous quarter
Up 34.3 % YoY from Q2 FY 21
EBIT Margins for the quarter at 30.1 %
Consolidated PAT for Q2 FY 22 at Rs 37.29 Crore
Up 9.7 % sequentially over the previous quarter
Up 60.2 % YoY from Q2 FY 21
PAT Margins for the quarter at 34.4%
There is a glimmer of hope that the COVID-19 pandemic is in some sense dissipating. We are making progress on our transformation journey and have strengthened our sales and delivery at the operational and leadership levels. Our focus remains on winning long-term, scalable business contracts from both existing and new customers. This quarter we have added two global leaders as part of our enviable list of customers. Our entry into the Electric Vehicle segment is exciting and we will do our best to nurture and scale this. Notwithstanding this we remain vigilant and prepared to handle any exigency as a matter of prudence, said Rajiv C Mody, Chairman, Managing Director, and CEO of Sasken.