India's Sasken Tech down most in over 9 mths as Q4 PAT plunges

Sasken Technologies

03/05/2023 05:32

** Shares of Sasken Technologies Ltd  SKCT.NS  fall as much
as 8.4% to 803.85 rupees, their steepest intraday pct drop since
July 21, 2022
    ** The software services firm on Tuesday reported a 36.5%
slump in Q4 consolidated profit after tax, mainly hurt by 13.5%
surge in total expenses during the quarter
    ** Revenue from operations down 5.8%
        ** Also declared final dividend of 13 rupees per share
    ** About 24,588 shares change hands by 9:37 a.m. IST, 2.6x
the 30-day average - Refinitiv Data
    ** If trends hold, stock on track to fall for second
consecutive session
    ** Up to last close, stock had fallen 3.2% YTD



($1 = 81.8200 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))