SASKEN
Sasken Technologies share price & financials
- Price
- ₹1,886.2
- Market cap
- ₹2.9k Cr
- Sector
- Information Technology
- Calls analysed
- 1
Sasken Technologies Limited Q1 FY27
What went well
- Total consolidated revenue grew by 24% year-on-year to ₹339 Crores.
- Healthy order booking of US$47 million in total contract value, with US$34 million from new deal wins.
- Software Services gross margin improved by 240 basis points to 30.6% due to improved utilization and cost management.
What to watch
- Product Solutions gross margin declined by 310 basis points sequentially to 5.9% due to memory pricing, product mix changes, and industry headwinds.
- Operating cash flows have been negative for the last two years due to investments in business, working capital, and fixed assets.
What Sasken Technologies Limited does
Sasken is a product engineering and digital transformation company that designs software and hardware for semiconductor, communications, automotive, industrial and enterprise-device customers, spanning ASIC/chip design, embedded software, connectivity and cybersecurity. It earns primarily through Software Services (time-and-material and fixed-price engineering contracts) and, since acquiring Borqs, through a Product Solutions (ODM) line that designs and builds devices for consumer, enterprise and automotive customers. Work is delivered from centres in India, North America, APJ and Europe, including a dedicated hardware innovation centre in Finland, for clients across multiple continents and countries.
Segments
- Software Services
- Product Solutions
- Global headcount
- 2,446 employees
- Active clients
- 90+, including Fortune 500 companies
- Patents granted
- 200+
- Devices shipped
- 31+ million devices shipped across 15+ countries
- Global footprint
- Clients served across 5 continents (23 countries)
- Delivery & sales centres
- India, North America, APJ and Europe
Guidance record · Q1 FY27
what the last two calls moved 4 tracked 0 delivered 0 missed 4 open- 60x4x3 Strategy ($4M+ run rate revenue from key accounts) delayed said Q1 FY27 Promised: Achieve $4M+ run rate from key accounts within 3 years (original plan) Q1 FY27: We may take maybe one or two more years, but the strategy remains intact, the focus remains intact.
- Product Solutions Gross Margin open said Q1 FY27 Promised: stabilize over the year Q1 FY27: We believe that some of these actions which we have taken in Q1, we will see the margins starting to stabilize over the year.
All 4 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 23.7%, net profit up 140.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 135 | 145 | 148 | 274 | 255 +89% | 250 +72% | 334 +126% | 339 +24% |
| EBITDA | 5 | 6 | 7 | 15 | 15 +200% | 26 +333% | 33 +371% | 32 +113% |
| Net profit | 12 | 9 | 12 | 10 | 10 −17% | 9 +0% | 29 +142% | 24 +140% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +18.0% 1Y
1Y: ₹1,511.8 on 10 Sept 2025 → ₹1,783.6. High ₹2,647.9 (18 Jun 2026), low ₹1,003.4 (16 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +5.0%
- 3 Aug
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 35.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹447 Cr | ₹406 Cr | ₹551 Cr | ₹1.1k Cr |
| Operating profit | ₹100 Cr | ₹31 Cr | ₹23 Cr | ₹89 Cr |
| Operating margin | 22.4% | 7.6% | 4.2% | 8.0% |
| Interest | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹4 Cr |
| Depreciation | ₹8 Cr | ₹8 Cr | ₹15 Cr | ₹38 Cr |
| Net profit | ₹99 Cr | ₹79 Cr | ₹51 Cr | ₹58 Cr |
| Net margin | 22.2% | 19.5% | 9.3% | 5.2% |
| Cash from operations | ₹71 Cr | ₹59 Cr | ₹-57 Cr | ₹-23 Cr |
| Free cash flow | ₹64 Cr | ₹52 Cr | ₹-67 Cr | ₹-35 Cr |
| ROCE | 17.0% | 12.0% | 7.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹550 Cr | ₹638 Cr | ₹704 Cr | ₹754 Cr | ₹786 Cr | ₹840 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹8 Cr | ₹27 Cr | ₹28 Cr |
| Other liabilities | ₹104 Cr | ₹117 Cr | ₹100 Cr | ₹149 Cr | ₹309 Cr | ₹283 Cr |
| Total liabilities | ₹669 Cr | ₹771 Cr | ₹823 Cr | ₹926 Cr | ₹1.1k Cr | ₹1.2k Cr |
| Fixed assets | ₹34 Cr | ₹34 Cr | ₹39 Cr | ₹48 Cr | ₹343 Cr | ₹353 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹7 Cr | ₹0 Cr |
| Investments | ₹412 Cr | ₹539 Cr | ₹582 Cr | ₹632 Cr | ₹305 Cr | ₹277 Cr |
| Other assets | ₹222 Cr | ₹198 Cr | ₹202 Cr | ₹236 Cr | ₹482 Cr | ₹536 Cr |
| Total assets | ₹669 Cr | ₹771 Cr | ₹823 Cr | ₹926 Cr | ₹1.1k Cr | ₹1.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Learn to analyse Sasken Technologies Limited
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