IT Consulting & Software company Sasken Technologies announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Consolidated Revenues for Q4FY25 at Rs 148.01 crore. Up 2.4 % sequentially over Q3FY25. Up 35.8 % YoY from Q4FY24. Consolidated EBIT for Q4FY25 at Rs 3.46 crore. Up 45.0 % sequentially over Q3FY25. Up 2563.8 % YoY from Q4FY24. EBIT margin for the quarter at 2.4 % Consolidated PAT for Q4FY25 at Rs 11.51 crore. Up 27.4 % sequentially over Q3FY25. Down 33.2 % YoY from Q4FY24. PAT margin for the quarter at 7.8 %. FY25 Financial Highlights: Consolidated Revenues for FY25 at Rs 550.91 crore. Up 35.6 % YoY from FY24. Consolidated EBIT for FY25 at Rs 8.95 crore. Down 61.6 % YoY from FY24. EBIT margin for the year at 1.6 %. Adjusted EBIT excluding M&A; costs is Rs 15.74 crore (EBIT margins: 2.9%). Consolidated PAT for FY25 at Rs 50.51 crore. Down 35.9 % YoY FY24. PAT margin for the quarter at 9.1 %. Rajiv C. Mody, Chairperson, MD & CEO of Sasken Technologies, said: “Our Q4 performance reemphasizes the resilience and strength of our business mode. and our commitment to sustained, quality growth. We delivered healthy sequential improvements in revenue and profitability, while staying focused on our 60x4x3 mission of scaling impact, innovation, and value. The Borqs acquisition has expanded our solution stack and extended our global footprint. With Sasken Silicon, we are well-positioned to capitalize on the growing demand in semiconductor design, bringing deep domain expertise to this dynamic sector. As we look ahead, we remain committed to capability building, innovation, and creating lasting value for our customers, employees, and shareholders.” Result PDF
IT Consulting & Software company Sasken Technologies announced Q3FY25 results Consolidated Revenues for Q3FY25 at Rs 144.52 crore. Up 7.0 % sequentially over the previous quarter. Up 49.9 % YoY from Q3FY24. Consolidated EBIT for Q3FY25 at Rs 2.39 crore. Up 164.0 % sequentially over the previous quarter. Down 20.0 % YoY from Q3FY24. EBIT Margins for the quarter at 1.6 %. Consolidated PAT for Q3FY25 at Rs 9.03 crore. Down 26.5 % sequentially over the previous quarter. Down 49.1 % YoY from Q3FY24. PAT margins for the quarter at 6.2 %. Rajiv C. Mody, Chairperson, MD & CEO, Sasken Technologies, said: “I am delighted to share that Sasken continues to deliver consistent growth, with Q3FY25 consolidated revenues rising by 7.0%. This performance reflects the strength of our 60x4x3 strategy and our unwavering commitment to operational excellence and customer-centric innovation. We continue to take bold strides to ensure sustainable growth by investing in cutting-edge technologies and deepening our industry partnerships and nurturing talent pool. Our efforts towards talent development and employee engagement have led to an all-time low attrition, reinforcing our commitment to building a supportive, inclusive, and thriving workplace.” Result PDF
IT Consulting & Software company Sasken Technologies announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Consolidated Revenues for Q2FY25 at Rs 135.03 crore. Up 9.5 % sequentially over the previous quarter. Up 31.7 % YoY from Q2FY24. Consolidated EBIT for Q2FY25 at Rs 0.91 crore. Down 58.7 % sequentially over the previous quarter. Down 92.9 % YoY from Q2FY24. EBIT Margins for the quarter at 0.7 %. Consolidated PAT for Q2FY25 at Rs 12.29 crore. Down 30.5 % sequentially over the previous quarter. Down 32.0 % YoY from Q2FY24. PAT margins for the quarter at 9.1 %. H1FY25 Financial Highlights: Consolidated Revenues for H1FY25 at Rs 258.39 crore. Up 28.6 % YoY from H1FY24. Consolidated EBIT for H1FY25 at Rs 3.09 crore. Down 84.6 % YoY from H1FY24. Consolidated PAT for H1FY25 at Rs 29.97 crore. Down 31.5 % YoY from H1FY24. Rajiv C. Mody, Chairperson, MD & CEO of Sasken Technologies, said: “Q2 FY25 has been another good quarter for Sasken, with sales growth both on a quarter-on-quarter and yearon-year basis. Our 60x4x3 account mining strategy continues to deliver results, reflected in higher utilization rates, an improved customer profile, and a growing number of USD 1M+ accounts. We are particularly encouraged by our expanding workforce and declining attrition rates, which underscore our commitment to employee engagement and development. While short-term investments may impact margins, we are confident that as revenues and volumes scale, profitability will follow. Our focus remains on innovation, partnerships, and delivering long-term value for all our stakeholders." Result PDF
IT Consulting & Software company Sasken Technologies announced Q1FY25 results: The consolidated revenues for the Sasken Group went up by 25.3% at Rs 123.36 crore. Consolidated Earnings before Interest and Taxes for Q1FY25 were at 2.19 crores, a decrease of 70.5%. Consolidated PAT for Q1FY25 was at Rs 17.69 crore, down by 31.2%. Consolidated PAT for Q1FY25 was at Rs 17.69 crore, up by 2.7% over the previous quarter. PAT margin for Q1 FY25 was at 14.3%. Consolidated earnings per share were at Rs 12.03 for the quarter. Cash and investment were approximately Rs 692 crore as of 30th June 2024. Result PDF
IT Consulting & Software company Sasken Technologies announced Q2FY24 results: Financial Performance: - Sasken Technologies reported positive financial results for Q2FY24, with consolidated revenues of Rs 102.51 crore, representing a 4.1% increase over the previous quarter. - The company's consolidated EBIT for the quarter was Rs 12.71 crore, with EBIT margins at 12.4%. - Consolidated PAT for the quarter stood at Rs 18.08 crore, with PAT margins at 17.6%. -The Board has declared an interim dividend of Rs 12 per equity share for FY24. Business Highlights: - Sasken Technologies formed a strategic partnership with Qualcomm Technologies, Inc. through the Qualcomm IoT Accelerator Program, aiming to deliver robust and efficient IoT solutions. - The company received prestigious awards, including the Exemplar of Inclusion and Top 100 Best Companies for Women in India. - Sasken Technologies added new logos to its list of esteemed customers and experienced steady growth in the automotive and digital domains. People: - As of September 2023, Sasken Technologies had 1,381 employees, with a 17% LTM attrition rate. - The company has focused on enhancing employee engagement, skill development, and learning opportunities to reduce attrition rates and improve employee experience. Result PDF
IT consulting & software company Sasken Technologies announced consolidated Q1FY24 results: Revenues for Q1FY24 at Rs 98.49 crore Down 4.3% sequentially over Q4FY23 Down 2.8% YoY from Q1FY23 EBIT for Q1FY24 at Rs 7.43 crore Down 40.0% sequentially over Q4FY23 Down 71.3% YoY from Q1FY23 EBIT margins for Q1FY24 at 7.5% PAT for Q1FY24 at Rs 25.70 crore Up 50.6% sequentially over Q4FY23 Up 68.7% YoY from Q1FY23 PAT margins for the quarter at 26.1% Revenue contribution from the top 5 customers stood at 42.0% and from the Top 10 customers at 63.0% The total number of active customers to 47. Consolidated EPS was at Rs 17.08 for Q1FY24. Speaking on the company's performance Abhijit Kabra, Sasken's CEO said, "We are continuing to efficiently navigate through challenges by delivering value through our capabilities and innovative solutions to our clients. The early feedback from our customers for our growth strategy seems very favourable. As such, despite the current headwinds, we are confident of our long-term growth trajectory underpinned by innovative and differentiated value propositions to our customers.” Result PDF