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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Saven Technologies Limited has filed its 32nd Annual Report for FY2024-25. Revenue from operations grew 8.63% to Rs. 1,430.42 lakhs from Rs. 1,316.72 lakhs last year. Profit before tax rose to Rs. 345.27 lakhs (vs Rs. 332.19 lakhs) and profit after tax increased to Rs. 259.20 lakhs (vs Rs. 249.36 lakhs). Total income including other comprehensive income stood at Rs. 327.57 lakhs. The company declared an interim dividend of Rs. 1.50 (150%) per equity share. Capital work-in-progress of Rs. 179.69 lakhs relates to a Fintech software kit under development. There were no changes in capital structure, no audit qualifications, and no related party transactions of concern. Several board changes occurred: Mr. R.S. Sampath stepped down as Chairman, Mr. Rajagopal Ravi took over as Chairman, Mrs. Devesh Anjali Desai was appointed as Independent Director, and Mr. Murty Gudipati was redesignated as Managing Director and CEO.
Steady growth in revenue and profits with a healthy 150% interim dividend signals consistent shareholder returns, though the modest scale and heavy reliance on one related party (Medha Services Inc.) for IT services may concern some investors.