Get all your news in one place
100’s of premium titles. One news app. Zero ads. Just $10 per month.

IT stock fixes record date for 1:10 stock split. Details here

In Q1FY23, Saksoft Ltd reported a revenue growth of 6 per cent on sequential basis and 45 per cent year over year basis.

As per the information available on BSE website, "Trading Members of the Exchange are hereby informed that SAKSOFT LTD., has fixed Record Date for the purpose of subdivision of Equity Shares of the Company on 26/09/2022." This means It stock will trade ex-split on Friday this week as Saturday and Sun day are stock market holidays.

Informing stock market exchanges about the record date for stock split, Saksoft Ltd said, "Pursuant to Regulation 42 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, the Company has fixed Monday, September 26, 2022 as the 'Record Date' for the purpose of ascertaining the eligibility of the shareholders entitled for subdivision of 1 (One) equity share of the company having a face value of 10/- (Rupee Ten Only) each fully paid up into 10 (Ten) equity shares having a face value of Re 1 (Rupee One only) each fully paid up."

In Q1 FY23, the IT company reported a revenue growth of 6 per cent on sequential basis and 45 per cent year over year basis. It's EBIDTA grew by 44.50 per cent in first quarter of the financial year 2022-23.

Commenting on the Q1FY23 results, Aditya Krishna, Chairman & Managing Director, Saksoft Limited, said: “We are pleased to share that we commenced this fiscal year on a strong note in the first quarter with a revenue growth of 6% sequential and 45% year over year. As we continue to focus on our ‘Inch wide Mile Deep’ philosophy, we are also proactively managing the costs. We have been successful in carving a larger share of IT spend from our customers – this is evidenced by revenues from our Top 20 customers increasing to 74% of our total revenues. Our efforts on growth and margins are all steered to reach our guidance of becoming a 100Mn $ company by 2025."

Saksoft Ltd is a leading digital transformation solution partner for Fintech, Transportation & Logistics, Retail E-commerce, Health care and Telecom customers worldwide.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Post your comment
Related Stories
This CDGS stock announces record date for 1:2 bonus shares: Details here
Asian Hotels (East) Ltd is a small cap company having a market cap of ₹397.02 Crore operating in the consumer…
One subscription that gives you access to news from hundreds of sites
Multibagger stock with high promoter holding announces stock split: Details here
With a market capitalization of Rs. 46.11 crore, Perfectpac Ltd. is a small-cap company that operates in the commodity industry
This penny stock announces record date for rights issue: Details here
A small cap company with a market valuation of ₹38.01 crore in the logistics industry is Patel Integrated Logistics Ltd
Multibagger stock of 2022 announces stock split: Details here
Bombay Super Hybrid Seeds Ltd is a small cap company having a market cap of ₹803.92 Crore operating in the…
Multibagger chemical stock announces record date for 1:2 bonus shares
Small-cap firm Yug Decor Ltd operates in the chemical industry and has a market worth of ₹38.78 Cr.
One subscription that gives you access to news from hundreds of sites
Multibagger stock hits fresh high as Board sets record date for stock split
With a market worth of Rs. 585.86 crore, Maximus International Ltd. is a small-cap corporation that provides commercial services.