Saksoft Limited reported a consolidated net profit of ₹292.92 million for the quarter ended June 30, 2026 (Q1FY27), marking a 9.45% decline from ₹323.48 million in the same period of FY26. The sequential drop was sharper, with profit falling 18.5% from ₹359.31 million in Q4FY26. Despite the profit contraction, operating EBITDA improved slightly on a sequential basis to ₹453.96 million, with margins expanding by 7 basis points to 18.26%. Chairman and Managing Director Aditya Krishna attributed the results to continued demand softness among top clients, though he noted that the company’s diversified growth strategy is demonstrating resilience.

Revenue from operations remained flat year-on-year at ₹2,486.19 million, down marginally from ₹2,490.75 million in Q1FY26. Sequentially, revenue dipped 0.1% from ₹2,488.45 million in the previous quarter. Total expenses decreased slightly to ₹2,032.23 million from ₹2,035.90 million in Q4FY26, aided by a significant reduction in finance costs to ₹12.63 million from ₹18.58 million. However, other income dropped sharply by 76.2% to ₹17.58 million from ₹73.87 million in the prior quarter, impacting the bottom line alongside a rise in tax expense to ₹132.84 million from ₹113.85 million.

Key Financial Metrics

The following table summarises the key consolidated financial metrics for Q1FY27:

Profit before tax stood at ₹425.76 million, down 10% sequentially from ₹473.16 million but only 1.1% lower than ₹430.35 million in Q1FY26. Basic earnings per share (EPS) were ₹2.28, compared to ₹2.81 in Q4FY26 and ₹2.54 in Q1FY26.

Segment Performance

The Emerging Vertical segment remained the largest contributor, accounting for 45% of total revenue, followed by BFS at 30%, Logistics at 16%, and Commerce at 9%. This mix aligns with the company’s strategic focus on high-growth digital transformation areas. Revenue from onsite operations constituted 43% of the total, while offshore operations contributed 57%, reflecting a continued shift towards cost-effective delivery models.

Geographically, the USA remained the largest market, contributing 52% of revenue, followed by Europe at 27% and APAC and Others at 21%. The company reported 16 clients generating revenue exceeding $1 million, maintaining a stable client base despite macroeconomic pressures.

What the Numbers Show

The divergence between stable EBITDA margins and declining net profit highlights the impact of non-operational factors, particularly the surge in tax expenses and the sharp fall in other income. While operational efficiency remains intact with EBITDA margins holding above 18%, the profitability pressure suggests that top-line growth alone may not suffice without controlling tax outflows and stabilizing other income streams. The company’s focus on AI investments and strategic hires, including a Chief Growth Officer for Europe, aims to deepen customer engagement and drive sustainable growth in the coming quarters.

Standalone Results

On a standalone basis, Saksoft reported a net profit of ₹25.26 lakh, up 34.1% from ₹18.83 lakh in Q1FY26. Standalone revenue from operations was ₹121.58 crore, down 3.1% from ₹125.47 crore in the prior year. Total standalone income was ₹134.50 crore, with other income contributing ₹12.91 crore, a substantial rise from ₹19.99 lakh in Q1FY26.

Saksoft Limited shareholders approved a final dividend of Re. 0.55 per equity share for the financial year ended March 31, 2026, during its 27th Annual General Meeting (AGM) held on August 07, 2026. The payout brings the total dividend for FY26 to Re. 1.00 per share, combining the final declaration with an interim dividend of Re. 0.45 per share paid earlier in the year. In addition to the dividend approval, shareholders sanctioned key board appointments, including the induction of two new Independent Directors and one Whole Time Director, signaling continuity in leadership structure.

The meeting was chaired by Aditya Krishna, Chairman and Managing Director, and commenced at 10:30 AM (IST), concluding at 11:32 AM (IST). Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM), the session adhered to the circulars issued by the Ministry of Corporate Affairs and the provisions of the Companies Act, 2013. A total of 45 members participated in the meeting, satisfying the quorum requirements under Section 103 of the Companies Act, 2013. The proceedings were scrutinized by V. Suresh, Practicing Company Secretary, with Udaya Kumar K R serving as the alternate scrutinizer.

Shareholders approved several ordinary business items, including the adoption of the audited financial statements for FY26 and the reports of the Board of Directors and auditors. A significant governance update involved the re-appointment of Ajit Thomas, Non-Executive Director (DIN: 00018691), who retires by rotation. Additionally, Avantika Krishna (DIN: 07382967) was appointed as a Whole Time Director, with her tenure scheduled from May 25, 2026, to May 24, 2031.

Under special business, the company expanded its independent oversight by appointing two new Independent Directors. Vaidyanathan Sreenivasan (DIN: 11549452) and Mahesh Ramakant Muzumdar (DIN: 02402435) were both appointed to hold office from May 25, 2026, to May 24, 2031. These appointments align with regulatory requirements for board composition and enhance the diversity of expertise within the governing body.

Key Outcomes of the 27th AGM

The voting process included remote e-voting, which ran from August 03, 2026, at 9:00 AM to August 06, 2026, at 5:00 PM. Members who did not vote remotely were provided with electronic voting facilities during the live meeting. The results were disseminated to the stock exchanges in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Governance and Compliance

The meeting ensured strict adherence to regulatory frameworks, including Regulation 30 of the SEBI LODR Regulations, 2015, and Section 121 of the Companies Act, 2013. The Chairmen of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee were present to address investor queries as mandated under Regulations 18, 19, and 20 of the SEBI LODR Regulations, 2015. Meera Venkatramanan, Company Secretary and Compliance Officer, certified the summary of proceedings.