AI assistant
Saksoft Limited Earnings Release 2021
61942_rns_2021-05-26_8135ff64-e36e-4e82-a758-401da8c450ab.pdf
Earnings Release
Open in viewerOpens in your device viewer
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]
May 26, 2021
To
| The Listing/Compliance Department | The Listing/Compliance Department |
|---|---|
| The National Stock Exchange of India | BSE Limited |
| Limited | Floor No.25, Phiroze JeejeebhoyTowers, |
| "Exchange Plaza" | Dalal Street, |
| Bandra Kurla Complex | Mumbai – 400 001 |
| Bandra (E) | |
| Mumbai – 400 051 | |
| Stock Code: SAKSOFT | 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 fourth Quarter and Financial year ended March 31, 2021 as enclosed with this letter today.
Please take on record.
Yours faithfully, For Saksoft Limited
Meera Venkatramanan Company Secretary
For Immediate Use Press Release
Saksoft Limited closes FY21 on Strong note with a 7.5% revenue growth and 17.6% PAT* growth YoY, Full year dividend of Rs. 5/- per share
Chennai, India – May 26, 2021: Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), a leading digital transformation solution partner for Fintech, Transportation & Logistics, Retail/E-commerce, Health care and Telecom customers worldwide, announced today its financial results for the fourth quarter and full year FY21 ended 31st March 2021.
Commenting on the FY21 results, Aditya Krishna, Chairman & Managing Director, Saksoft Limited, said: "We are pleased to note that we have ended the year FY 20-21 with a 7.5% increase in our revenue and 17.6% increase in our PAT. In addition, the cash generation in the business has increased with a healthy cash position at the end of the year paving the way for future investments. This year has been one of the most unprecedented year by all measures wherein we have not only been able to support all our customers to keep their business running and digitise /transform their business, but also focus on the health and wellness of our employees. Employee wellbeing continues to be our major focus areas as we traverse through this situation."
Review of the Consolidated Financial Performance for Full year and Quarter ended 31st March 2021:
| Figures in Rs Crore | FY21 | FY20 | Y-o-YGrowth |
|---|---|---|---|
| Revenue | 385.81 | 358.78 | 7.5% |
| EBITDA | 64.42 | 61.03 | 5.6% |
| EBITDA Margin % | 16.7% | 17.0% | (31bps) |
| PAT* | 45.44 | 38.65 | 17.6% |
| PAT Margin % | 11.8% | 10.8% | 101bps |
| Basic EPS (Rs) | 45.68 | 38.67 | 18.1% |
| Figures in Rs Crore | Q4FY21 | Q3FY21 | Q-o-Q Growth | Q4FY20 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Revenue | 97.45 | 97.41 | 0.04% | 92.90 | 4.9% |
| EBITDA | 15.55 | 17.52 | (11.2%) | 13.85 | 12.3% |
| EBITDA Margin % | 16.0% | 18.0% | (203bps) | 14.9% | 105bps |
| PAT* | 12.51 | 12.07 | 3.6% | 9.8 | 27.7% |
| PAT Margin % | 12.8% | 12.4% | 45bps | 10.5% | 229bps |
| Basic EPS (Rs) | 12.57 | 12.13 | 3.6% | 9.89 | 27.1% |
*PAT is before minority interest
For Immediate Use Press Release
Operating Highlights:
| Revenue by Geography (%) | FY21 | FY20 |
|---|---|---|
| Americas | 47% | 50% |
| Europe | 31% | 27% |
| APAC & Others | 22% | 23% |
| Revenue Mix (%) | FY21 | FY20 |
|---|---|---|
| Offshore | 52% | 51% |
| Onsite | 48% | 49% |
| Revenue by Vertical (%) | FY21 | FY20 |
|---|---|---|
| Fintech | 27% | 29% |
| Transportation & Logistics | 9% | 10% |
| Telecom | 23% | 20% |
| Public Sector | 10% | 11% |
| Retail, Ecommerce & Health Care | 11% | 13% |
| Others | 20% | 18% |
| Customer Metrics | FY21 | FY20 | |
|---|---|---|---|
| No of clients/customers per Million Dollar | |||
| >1 Million | 6 | 6 | |
| >0.5 Million to 1 Million | 9 | 7 | |
| Clients Contribution to Revenue (%) | |||
| Top 5 | 46% | 47% | |
| Top 10 | 56% | 55% | |
| Top 20 | 66% | 64% |
| Headcount Metrics | FY21 | FY20 |
|---|---|---|
| Total Employee Count | 1,260 | 1,258 |
| -Technical | 1,127 | 1,121 |
| -Support | 133 | 137 |
| Utilization –IT Services % (Excl. Trainees) | 82% | 83% |
| Balance Sheet Highlights | FY21 | FY20 |
|---|---|---|
| Total Cash & Cash Equivalent (Rs Crore) | 90.01 | 42.93 |
| ROCE (%) | 22.1% | 24.7% |
| ROE (%) | 17.5% | 18.6% |
For Immediate Use Press Release
Other Highlights FY 2021:
- Added 2 new customer in >0.5 Million to 1 Million segment during FY 2021
- The Board of Directors has recommended a final dividend of Rs. 2.5/- per share during the quarter ended March 2021. This dividend together with interim dividend of Rs 2.5/- per share results in total dividend for the year to 50% (Rs 5/- per share).
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 14 offices across the USA, Europe and Asia employing over 1,250+ people. For more information, please visit www.saksoft.com
For Further Information, Please Contact:
| Company : | Investor Relations Advisors: |
|---|---|
| Mr. Niraj Kumar Ganeriwal | Mr. Diwakar Pingle |
| Chief Operating Officer and Chief Financial | [email protected] |
| Officer | |
| [email protected] | Ms. Mayura Bhusari |
| [email protected] | |
| Ms. Swetaleen Tripathy | www.christensenir.com |
| +91 9840024120 | |
| [email protected] | |
| www.saksoft.com |
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.