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Sasken Technologies shares hit record high on strong Q4 results

The stock rallied 14% to Rs 860 after the company reported a strong 27.5% sequentially growth in consolidated net profit at Rs 259 million in March 2018 quarter.

Sasken Technologies hits record high on strong Q4 results
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SI Reporter Mumbai
Shares of Sasken Technologies hit a record high of Rs 860 per share, up 14% on the BSE in early morning trade, after the company reported a strong 27.5% sequential growth in consolidated net profit at Rs 259 million in March 2018 quarter (Q4FY18), on back of healthy operational performance.

Consolidated revenues during the quarter under review declined 2.4% at Rs 1,287 million over the December 2017 quarter (Q3FY18).

EBITDA (earnings before interest, tax, depreciation and amortization) margin improved 430 bps to 16.7% from 12.4% in previous quarter.

Sasken Technologies said it added two new customers during

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