AI assistant
Saksoft Limited — Earnings Release 2023
Feb 2, 2023
61942_rns_2023-02-02_73d4af93-9300-416f-b10e-fa3724330643.pdf
Earnings Release
Open in viewerOpens in your device viewer
==> picture [210 x 46] intentionally omitted <==
Saksoft Limited CIN: L72200TN1999PLC054429 Global Infocity Park , Block A, 2nd Floor, # 40, Dr.M.G.R. Salai, Kadanchavadi Perungudi, Chennai – 600 096. P : +91-44-2454 3500 F: +91-44-2454 3510 Email: [email protected]
February 02 , 202 3
To
| The Listing/Compliance Department The National Stock Exchange of India Limited “Exchange Plaza” Bandra Kurla Complex Bandra (E) Mumbai – 400 051 Stock Code: SAKSOFT |
The Listing/Compliance Department BSE Limited Floor No.25, Phiroze JeejeebhoyTowers, Dalal Street, Mumbai – 400 001 Stock Code: 590051 |
||
|---|---|---|---|
Dear Sir/Madam,
Sub: Press Release-reg.
We wish to inform the Exchange(s) that the Company is making the press release with respect to the Financial Results for the Third Quarter and Nine Months ended December 31, 2022 as enclosed with this letter today.
Please take on record.
Yours faithfully, For Saksoft Limited
==> picture [66 x 33] intentionally omitted <==
Meera Venkatramanan Company Secretary
Saksoft Limited
==> picture [186 x 39] intentionally omitted <==
For Immediate Use Q3 & 9MFY23 Press Release
Saksoft Limited Reported Strong Revenue growth of 42% YoY and PAT growth of 25% for 9MFY23
Chennai, India – 2[nd] February, 2023: Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), a leading digital transformation solution partner for Fintech, Transportation & Logistics, Telecom & Utilities, Retail E- commerce and Health care customers worldwide, announced today its financial results for the third quarter and nine months FY23 ended 31[st] December 2022.
Commenting on the Q3 & 9MFY23 results, Aditya Krishna, Chairman & Managing Director,
Saksoft Limited, said: “ We are maintaining our targets for revenue growth with total revenue for the 9 months ending 31[st] Dec 2022 exceeding full year revenues for the previous financial year. We will continue to focus on improving our customer’s businesses through digital transformation and new age technologies. We are committed to our goal of reaching USD 100 million in revenues by 2025 . ”
Review of the Consolidated Financial Performance for Quarter and nine months ended 31[st] December 2022:
| Figures in INR Crore | Q3FY23 | Q2FY23 | Q-o-Q Growth | Q3FY22 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Revenue | 171.68 | 163.84 | 4.8% | 124.47 | 37.9% |
| EBITDA | 27.43 | 25.73 | 6.6% | 22.07 | 24.3% |
| EBITDA Margin % | 16.0% | 15.7% | 17.7% | ||
| PAT | 19.86 | 19.32 | 2.8% | 14.93 | 33.0% |
| PAT Margin % | 11.6% | 11.8% | 12.0% | ||
| *Basic EPS (INR) | 1.98 | 1.93 | 1.49 |
| Figures in INR Crore | 9MFY23 | 9MFY22 | Y-o-Y Growth |
|---|---|---|---|
| Revenue | 483.55 | 341.34 | 41.7% |
| EBITDA | 75.64 | 56.88 | 33.0% |
| EBITDA Margin % | 15.6% | 16.7% | |
| PAT | 56.99 | 45.71 | 24.7% |
| PAT Margin % | 11.8% | 13.4% | |
| *Basic EPS (INR) | 5.69 | 4.58 |
*EPS adjusted for Q3 & 9MFY22 owing to stock split from face value INR 10 to INR 1
Saksoft Limited
==> picture [186 x 39] intentionally omitted <==
For Immediate Use Q3 & 9MFY23 Press Release
Operating Highlights:
| Revenue by Geography (%) | 9MFY23 | FY22 |
|---|---|---|
| Americas | 47% | 45% |
| Europe | 26% | 32% |
| APAC & Others | 27% | 23% |
| Revenue Mix (%) | 9MFY23 | FY22 |
|---|---|---|
| Offshore | 55% | 53% |
| Onsite | 45% | 47% |
| Revenue by Vertical (%) | 9MFY23 | FY22 |
|---|---|---|
| Fintech | 34% | 28% |
| Transportation & Logistics | 11% | 10% |
| Telecom and Utilities* | 22% | 20% |
| Public Sector | 4% | 6% |
| Retail- Ecommerce & Health Care | 5% | 8% |
| Others | 23% | 28% |
* Re-classified Telecom vertical to Telecom & Utilities from Q2FY23
| Customer Metrics 9MFY23 |
Customer Metrics 9MFY23 |
FY22 |
|---|---|---|
| No of clients/customers per Million Dollar | ||
| >1 Million | 13 | 11 |
| >0.5 Million to 1 Million | 9 | 7 |
| Clients Contribution to Revenue (%) | ||
| Top 5 | 45% | 48% |
| Top 10 | 59% | 59% |
| Top 20 | 71% | 70% |
| Headcount Metrics | 9MFY23 | FY22 |
|---|---|---|
| Total Employee Count | 1,985 | 1,554 |
| - Technical |
1,813 | 1,406 |
| - Support |
172 | 148 |
| Utilization – IT Services % (Excl. Trainees) | 85% | 85% |
Saksoft Limited
==> picture [186 x 39] intentionally omitted <==
For Immediate Use Q3 & 9MFY23 Press Release
Other Highlights Q3FY23:
- EPS of shares in the current quarter and all comparative periods have been restated to give effect of the share split such that each equity share having face value of INR 10/(Rupees Ten only) fully paid-up, was sub-divided into ten (10) equity shares having face value of INR 1/- (Rupee one only) each, fully paid-up (w.e.f. 26[th] Sep 2022- record date)
About Saksoft
Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), a leading player in providing digital transformation solutions to help businesses stay relevant in a highly connected, rapidly evolving world. Saksoft is a niche technology specialist that provides a comprehensive suite of business transformation, information management, application development and testing services. Saksoft helps their clients level the playing field by helping them transform their business spaces. Saksoft is headquartered in Chennai (India), and has 16 offices across the USA, Europe and Asia employing over 2000+ people. For more information, please visit www.saksoft.com
For Further Information, Please Contact:
| For Further Information, Please Contact: | |
|---|---|
| Company: | Investor Relations Advisors: |
| Mr. Niraj Kumar Ganeriwal Chief Operating Officer and Group Chief Financial Officer [email protected] Ms. Swetaleen Tripathy Senior Manager +91 9840024120 [email protected] www.saksoft.com |
Mr. Hiral Keniya [email protected] Ms. Asha Gupta [email protected] |
Safe Harbor Statement
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.