The company’s earnings declined across all parameters in the first quarter.
Its profit fell 9.5% to ₹29.29 crore in the June quarter from ₹32.35 crore in the same period last year.
Its revenue fell marginally 0.2% to ₹248.62 crore from ₹249.07 crore.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) came in 0.9% lower at ₹45.4 crore from ₹45.83 crore in the first quarter last year.
Its margins also contracted marginally to 18.3% from 18.4% in the year-ago period.
Here’s how Saksoft’s various business segments fared during the quarter:
Revenue from the BFS segment stood at ₹73.5 crore from ₹73.8 crore in March and ₹77.3 crore last year.
Revenue from the logistics segment stood at ₹40 crore, from ₹37 crore last quarter and ₹34 crore last year.Emerging Vertical saw revenue of ₹112 crore, compared to ₹115.4 crore last quarter and ₹118 crore last year.
Commerce vertical saw revenue of ₹23.53 crore from ₹22.5 crore last quarter and ₹19.6 crore last year.
Shares of Saksoft fell 8.2% to hit an intraday low of ₹161.11 apiece on Friday. The stock was down 7.55% at ₹162.3 apiece at 2.45 pm. It has fallen 17% this year, so far.
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