Sasken Technologies Limited — Board Meeting, 24-01-2025: Outcome of Board Meeting

Sasken Technologies has announced a board meeting focusing on the approval of the audited consolidated financial results for the quarter and nine months ended December 31, 2024. Key highlights for this period indicate consolidated revenues of ₹ 144.52 crore, reflecting a 7% increase sequentially and a 49.9% rise year-on-year. However, the consolidated profit after tax (PAT) was reported at ₹ 9.03 crore, down 26.5% sequentially and 49.1% compared to the same quarter last year. The meeting also addressed strategic initiatives, including the execution of a letter of intent to acquire Borqs Technologies Inc., aimed at enhancing growth and innovation capabilities.