Saksoft Q3 Revenue at Rs.58.03 Crore, up 52%

CHENNAI, January 31, 2014 /PRNewswire/ --

Impressive Growth in PBT and EBITDA With PBT Increasing by 40% Y-o-Y

Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), an Information Management Specialist company, announced its third quarter results ended on 31st December 2013 at its board meeting held today. The results are available on the company's website, http://www.saksoft.com

Review of financial performance for the third quarter ended 31st December, 2013

Consolidated Quarter Review (Y-o-Y) (Q3 2013-14 vs. Q3 2012-13)

• Operating revenue was Rs.58.03 crore during the quarter under review as compared to Rs. 38.14 crore during the same quarter in the previous year; an increase of 52%.
• EBITDA stood at Rs. 5.89 crore for the quarter under review as compared to
  Rs. 4.69 crore in Q3 FY12-13 up by 26%.
• Net profit before taxes was Rs. 4.62 crore in the current quarter as against Rs. 3.30 crore in Q3 FY12-13, up by 40%.
• Basic EPS for the quarter stood at Rs. 3.73 as against Rs.3.08 in Q3 FY12-13.

Consolidated 9 Month YTD Review (YTD 31 Dec 2013 vs. YTD 31 Dec 2012)

• Operating revenue was Rs.170.56 crore during the period under review as compared to Rs. 108.95 crore during the same period in the previous year; an increase of 57%.
• EBITDA stood at Rs. 18.52 crore for the period under review as compared to
  Rs. 13.04 crore up by 42%.
• Net profit before taxes was Rs. 14.54 crore as against Rs. 8.75 crore in corresponding period in previous year; up by 66%.
• Basic EPS was Rs. 11.83 during the nine month period as against Rs.7.91 during the 9 month period in the preceding year.

Commenting on the results, Mr. Aditya Krishna, Managing Director, Saksoft Limited, said,

"Our performance continues to meet expectations and we are happy with this. We have lot more work to do to meet the aspirations of our stakeholders. We are gearing the company for some exciting time and expect to maintain our performance levels in the coming years."

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, organize 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 that need it. By being better informed, these companies are empowered to make key decisions and implement strategies for making their enterprises successful.  Visit http://www.saksoft.com.

Primary Media Contact: Sampath Rengachari, [email protected], 91-44-24543500, 91-8754416789