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Awaiting price reaction for this filing.
The Board of Saven Technologies met on May 14, 2025 and approved the audited financial results for Q4 and FY ended March 31, 2025, with auditors issuing an unmodified opinion. Full-year revenue from operations rose to Rs. 1,430.42 lakhs (up about 8.6% from Rs. 1,316.72 lakhs in FY24), while net profit grew modestly to Rs. 259.20 lakhs (vs Rs. 249.30 lakhs) and EPS stood at Rs. 2.38. Q4 revenue jumped to Rs. 378.97 lakhs from Rs. 336.37 lakhs a year earlier, with quarterly net profit of Rs. 47.02 lakhs. The Board also accepted the resignation of Company Secretary Ms. Jayanthi P (due to personal reasons, effective end of May 14, 2025) and appointed Mr. Vasista Raghava Padmannagari, an Associate Company Secretary with 9+ years of experience, as the new Company Secretary and Compliance Officer from May 15, 2025.
Results show steady but unspectacular growth in a small-cap software services company, with healthy cash balances (Rs. 682.63 lakhs) and no debt concerns. The Company Secretary exit-and-replace is a routine KMP change with immediate succession, so it is unlikely to move the stock on its own.