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SASKEN COMMUNICATION : Sasken Communication a telecom solutions providing company registered a rise of 3.72 times in the consolidated net profit in the quarter ended December 2008. During the quarter, the company had reported a profit of Rs 144 million or 14.3 crores. On a sequential basis, the company disclosed a rise of 38% over the previous quarter.The company's revenues were up by 5% at Rs 185 crore versus Rs 176.3 crores. Its EBIDTA was up by 2% at Rs 42 crore versus Rs 41 crore.Consolidated total revenues for the quarter rose 31% to Rs 1851 million compared with the prior year period. Meanwhile on a sequential basis, the revenues recorded a mere rise of 5% over the previous quarter.
Its forex loss was of Rs 13.8 crore versus Rs 13.5 crore in Q2. Its EPS was at Rs 5.24; 9 month EPS was st Rs 13.66.
Its OPM was at 16.4% versus 13%.
The company reported a phenomenal rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 4.02 times to Rs 79.01 million from Rs 19.64 million in the same quarter last year.
Net sales for the quarter rose 34.98% to Rs 1,257.62 million, while total income for the quarter rose 32.00% to Rs 1,266.18 million, when compared with the prior year period.
The company posted earnings of Rs 2.88 a share during the quarter, registering 4.17 times growth over prior year period.
Rajiv C Mody, Chairman and CEO, Sasken Communication, sees EBITDA margins of services in FY09 at 19-21%. “The services business would continue to grow at 25-29% in dollar terms.”
He expects prices to improve 3-5% going forward. “Most of the price hikes for this year have already been factored in.”
According to Mody, the networks business is challenging while handset growth has been good. “Moderate growth is seen in the semi-conductor segment.”
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