Sasken Technologies Limited — Important, 24-01-2025: General Updates

Sasken Technologies reported a consolidated revenue of ₹ 144.52 crores for Q3 FY25, reflecting a sequential growth of 7.0% and a substantial 49.9% increase year-on-year. However, the consolidated PAT decreased by 26.5% quarter-on-quarter to ₹ 9.03 crores, with a PAT margin of 6.2%. Notably, Sasken executed a Letter of Intent (LoI) to acquire Borqs Technologies, aiming to enhance its offerings in connected devices, which aligns with its strategic growth objectives.

Key wins this quarter included contracts worth approximately USD 28.2 million across various sectors, including automotive and IoT, further strengthening its market position. While the consolidated EBIT rose significantly by 164.0% sequentially to ₹ 2.39 crores, it showed a decline of 20.0% compared to the previous year. The company reported a total cash and investments of around ₹ 626 crores as of the end of the quarter. Looking forward, Sasken emphasizes its commitment to operational excellence and innovation, particularly through its employee engagement strategies and technological advancements, positioning itself for sustainable growth.