Sasken Communication foraying into auto sector

Sasken Communication foraying into auto sector

Sasken Communication - Latest Financial Results

(in Cr.)
Sep-11
Jun-11
FY10-11
Revenue
98.57
94.38
394.2
Net Profit
10.86
11.23
89.68
EPS
4.23
4.37
32.91
Cash EPS
6.3
6.06
40.69
OPM %
19.35
18.45
--
NPM %
11.01
11.9
22.75
 
 
 
 
Sasken Communication - Latest Financial Results

Sasken Communication - Share Price Movement

 
 
 
Weekly H/L
109.4
98.05
Monthly H/L
109.4
91.05
52 Weeks H/L
182.25
91.05
 
( 27 Apr 11 )
( 21 Dec 11 )
Delivery / Var+ELM %
64.52
12.5
 
 
 
Sasken Communication - Share Price Movement

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Sasken Communication foraying into auto sector

Sasken Communication foraying into auto sector
Sasken Communication foraying into auto sector | Source
Sasken Communication - Share Price Movement
Sasken Communication - Share Price Movement | Source

Sasken Communication foraying into auto sector


Average results

Sasken Communication Technologies has produced an average results for the quarter ended 30.09.11 as compared to the quarter ended 30.06.11. Revenue has marginally increased whereas net profit has marginally declined. The shares of Sasken Communication are being traded in the Indian stock markets at Rs.107 now (BSE 13.01.12). The shares of Sasken Communication are available in both BSE and NSE. The company is operating in IT consulting and software field.

Buy-back of shares

Sasken Communication offered a buy-back of its shares from December 2 2010. The maximum size of the offer was Rs.34.54 crore and the company has achieved its aim. Sasken Communication is planning to foray into the fields of retail, automotive, healthcare and security services. It has already communicated its intention to BSE. At present the company is operating in the field of embedded communication solutions. Sasken Communication is making sizeable investments in the auto sector. The company views auto sector as very lucrative. The company believes that multimedia and connectivity technologies are joining together to create very interesting services and solutions to the customers in the auto sector.

Foray into auto sector

The company’s revenue has increased from Rs.94.38 crore for the quarter ended 30.06.11 to Rs.98.57 crore for the quarter ended 30.09.11. Revenue for the whole year 2010-11 was at Rs.394.20 crore. Net profit has dropped from Rs.11.23 crore to Rs.10.86 crore. Net profit for the whole year 2010-11 was at Rs.89.68 crore. Operating profit margin slightly increased from 18.45% to 19.35%. Net profit margin dropped slightly from 11.90% to 11.01%. But if we compare the results with the corresponding period of the previous year, net sale has dropped from Rs.13383 lakhs to Rs.13086 lakhs. Net profit has increased from Rs.1571 lakhs to Rs.1895 lakhs. Paid-up capital stands at Rs.2571 lakhs. Free reserves are high at Rs.40332 lakhs. The book value of the company is high. The face value of the shares is Rs.10. The company’s Registered & Corporate Offices are located at 139/25, Ring Road, Damlar, Bangalore 560 071. Telephone number is 91-80-39891122, Fax No. is 91-80-2535-1309, website is sasken.com and email is investor at sasken.com.

Buy for medium term at declines

The shares of Sasken Communication can be purchased at below Rs.100 for medium and long term holding for decent gains. The target price is Rs.150 in two to three years’ time.

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