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Sasken Communication Technologies Ltd. (SCTL) reported net
sales of Rs1.7bn, a QoQ growth of 4.9%. This growth was due
to the weak INR as sales in USD terms dipped by 2%. Weak INR
and cost control led to a 150bps sequential expansion in OPM
to 23.3%. However, MTM losses during the quarter negated
this, resulting in a 24% QoQ drop in net profits to Rs104mn.

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