Saksoft Q3 FY 2014-15 Revenues at Rs. 57.05 Crores; Impressive Growth in Profitability With PAT Increasing by 22% Q-o-Q and 27% Y-o-Y

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Saksoft Limited

05 Feb, 2015, 11:43 IST

CHENNAI, February 5, 2015 /PRNewswire/ --

Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), an information management specialist company, announced its third quarter results ended on 31st December 2014 at its board meeting held yesterday. The results are available on company's website: www.saksoft.com.

Review of financial performance for the third quarter ending 31st December, 2014

Consolidated Quarter review - (Q-o-Q) (Q3 2014-15 vs Q2 2014-15)

  • PAT for the quarter stood at Rs. 4.58 crore as compared to Rs. 3.73 crore during the preceding quarter, up by 22% Q-o-Q.
  • PBT for the quarter was at Rs. 5.84 crore as compared to Rs.5.24 crore during the previous quarter, increasing by 11%Q-o-Q.
  • EBITDA for the quarter was at Rs. 7.43 crore as compared to Rs.6.63 crore in the previous quarter, up by 12% Q-o-Q.
  • Total revenue for the quarter was Rs. 57.05 crore as compared to Rs. 58.21 crore, down by 2% Q-o-Q.

Consolidated Quarter review (Y-o-Y) (Q3 2014-15 vs Q3 2013-14)

  • PAT for the quarter under review stood at Rs. 4.58 crore as compared to Rs. 3.59 crore during the same period in the previous year, up by 27 %.
  • PBT was at Rs. 5.84 crore for the quarter under review as compared to Rs.4.61 crore during the corresponding quarter in the previous year, up by 26 %.
  • EBITDA for the quarter was at Rs. 7.43 crore as compared to Rs.5.89 crore during the same period in the previous quarter, up by 26%.
  • Operating revenue for the quarter was at Rs 57.05 crore as compared to Rs 58.03 crore during the same period in the previous year, down by 2%.

Commenting on the results, Mr. Aditya Krishna, Managing Director, Saksoft Limited, said,"Our focus on improving the quality of revenues and margins is beginning to pay off, resulting in improved profitability. This focus combined with the thrust on independent testing offering through the acquisition we did recently will pave the way for future growth and profitability."

About Saksoft Limited:

Saksoft is a leading provider of information management solutions to successful companies around the world. We deliver success to the enterprise by helping consolidate, organise and manage large volumes of data collected by businesses. Working with data sources that are often disparate and complex, we make accurate, high-quality, relevant information readily available to the people who need it. By being better informed, these companies are empowered to make key decisions and implement strategies for making their enterprises successful.

Media Contact

Niraj Ganeriwal

E-mail: [email protected],

Tel: +91-9677046900

CFO, Saksoft Limited