Sasken Technologies reports 24% YOY revenue growth in QI FY27; Services momentum continues, Products stabilize

Bengaluru : Sasken Technologies Ltd. (BSE: 532663, NSE: SASKEN), a leading provider of product engineering and digital transformation services, on Friday, July 31st 2026, announced its financial results for the quarter ended June 30, 2026.

QI FY27 provides an encouraging start to the year and reflects the momentum built over recent quarters as Sasken’s business model continues to evolve. Consolidated revenue remained broadly stable sequentially at Rs.339.24 crore and grew 24.0% year-on-year. Software Services sustained its growth trajectory, while Product Solutions remained resilient and performed ahead of expectations despite continuing memory supply and pricing pressures.

Total contract value booked during the quarter stood at US$ 47.1 million, of which US$ 33.7 million came from new business. We also added five new logos. Deal activity was healthy across hyperscaler engineering, semiconductor design, automotive connectivity, connected mobility, 5G infrastructure and Al-led engineering.

Below are a few new order wins:

• A multi-year, multi-million-dollar engagement with a global hyperscaler to expand engineering capacity for next-generation devices across multiple chipset platforms.
• A strategic engagement with a global telecom company to develop Massive MIMO technology for Open RAN, including a chip-ready design optimised for power, performance and size.
• Dedicated product teams for a leading automotive technology provider to advance 4G/5G telematics platforms and connected-car features across safety, navigation, tracking and remote services.
• Expanded Al and automation work with a leading global technology and consumer electronics company across agentic Al, LLM validation and intelligent testing.
• Wider operating-system sustenance responsibilities for a global technology hyperscaler across connectivity, peripherals and security.
• A 5G timing-synchronisation programme for a global broadband infrastructure company supporting next-generation network deployments in North America.
• Expanded 4G/5G modem software and board-support capabilities for a global IOT connectivity provider across a unified connected-vehicle ecosystem.

Key Financial Highlights

• Consolidated PAT for QI FY27 was at Rs 23.52 crores, down by -18.9% over the previous quarter. PAT margin for QI FY27 was at 6.9%.

Performance Snapshot for the Quarter: QI FY27

1. Consolidated Revenues for QI FY27 at Rs 339.24 crores
2. Up 1.6% sequentially over the previous quarter
3. Up 24.0% YoYfrom QI FY26
4. Consolidated EBIT for QI FY27 at Rs 21.34 crore
5. Down 6.6% sequentially over the previous quarter
6. Up 289.8% Yoy from QI FY26 o EBIT margin for the quarter at 6.3%
7. Consolidated PAT for QI FY27 at Rs 23.52 crore
8. Down 18.9% sequentially over the previous quarter
9. Up 135.1% YoYfrom QI FY26 o PAT margin for the quarter at 6.9%

Key business metrics

• Revenue contribution from the Top 5 customers stood at 50.8% and from the Top 10 customers at 66.1
• Consolidated EPS was at Rs16.37 for QI FY27.

Speaking on the occasion Mr. Rajiv C. Mody, CMD & CEO of Sasken Technologies Ltd., said, “The quarter reflects the continued progress we are making in building a more resilient and differentiated Sasken. Our growth is increasingly being shaped by deeper customer partnerships and our ability to bring a product mindset to every engagement, going beyond execution to shape customer roadmaps, accelerate innovation and contribute to their growth. Our Chip-toCognition capabilities set us apart, and we will build on this strength to deepen partnerships, expand our impact and create enduring value for all stakeholders.”

Product Solutions moderated sequentially after a strong Q4 FY26. Higher shipment volumes and the contractual pass-through of increased memory costs supported reported revenue, while the business continued to navigate industry-wide memory supply and pricing pressures.

Sasken has taken measured steps to improve supply continuity and commercial predictability, including qualifying alternate memory suppliers, securing supply and pricing commitments with existing vendors, and working with customers to pass through incremental component costs where contractually applicable.

“FY27 has begun with encouraging momentum across our ODM and Software Services businesses. We are deepening relationships in the US, expanding our smart-device pipeline, and taking on greater product ownership in strategic programs. At the same time, investments in POS, automotive connectivity, NTN and computer vision are broadening our portfolio. Together with Sasken’s engineering strengths, Borqs’ device expertise and manufacturing ecosystem position us to build a more diversified, scalable and resilient devices business,” said Hareesh Ramanna, Managing Director, Borqs Technologies.

We continued to invest in our people and future talent pipeline during QI . Going by our tradition, the annual increment process was rolled out across all levels in July, and first back of fresh graduates were onboarded.

Inauguration of the new Hyderabad office and the Sasken Silicon Incubation Centre in Hubballi expand access to engineering and semiconductor talent and support the company’s longer-term capability-building agenda. Sasken’s people, workplace and sustainability practices also received external recognition during the quarter, reflecting continued progress across the organisation.

Looking ahead, Sasken remains focused on sustaining Services momentum, converting recent wins into long-term programmes and strengthening the stability and profitability of the business mix. The company will continue to invest selectively in talent, reusable platforms, Al-led engineering and delivery capacity while maintaining disciplined execution.