Saven Technologies Reports 189% Surge in Q1 Profit, Appoints New Secretarial Auditor
Saven Technologies Limited reported impressive Q1 results with a 189% increase in net profit to Rs. 136.04 crore. Revenue from operations grew by 19.2% to Rs. 451.82 crore. Other income saw a significant boost, rising 644% to Rs. 85.01 crore, including Rs. 72.02 crore from mutual fund redemptions. The company completed software development for fintech firms, capitalizing Rs. 180.83 crore in development costs. The Board appointed M/s. MKS & Associates as Secretarial Auditor for a five-year term, subject to shareholder approval. The 32nd Annual General Meeting is scheduled for September 15 via video conference.
02Aug 25
Saven Technologies Reports Strong Q1 Results, Appoints New Secretarial Auditor
Saven Technologies announced robust Q1 financial results with revenue from operations increasing by 36.8% to Rs 451.82 lakhs and net profit after tax rising by 100.8% to Rs 136.04 lakhs year-over-year. The company's EPS stood at Rs 1.25. Other income included Rs 72.02 lakhs from mutual fund redemptions, and Rs 180.83 lakhs was capitalized for fintech software development. The Board appointed M/s. MKS & Associates as Secretarial Auditor for five years, subject to shareholder approval. The 32nd Annual General Meeting is scheduled for September 15 via video conference.