Sasken Technologies delivered a strong performance for Q4 FY26 and the full year ended March 31, 2026, reporting broad-based growth across revenues, profitability, and operating metrics on both consolidated and standalone bases. The results, approved by the Board of Directors at its meeting held on May 08, 2026, reflect sustained momentum across eight consecutive quarters, driven by organic growth in strategic accounts and the structural contribution from the Borqs acquisition. Borqs International Holding Corp along with its identified wholly owned subsidiaries became a step-down subsidiary of Sasken Technologies effective from April 8, 2025, with the group making an investment of Rs. 25,602.45 lakhs and recognising Rs. 17,322.96 lakhs towards Goodwill on the acquisition date.
Q4 FY26 Consolidated Performance
The quarter saw a significant step-up in operating performance, supported by improved portfolio mix, tighter cost alignment, and scale-led efficiencies. Consolidated revenue for Q4 FY26 stood at 3.34b Rupees, compared to 1.48b Rupees in Q4 FY25. EBITDA for the quarter came in at 332m Rupees versus 71m Rupees in Q4 FY25, with the EBITDA margin expanding to 9.93% from 4.78% year-on-year. The following table summarises key consolidated financial metrics for Q4 FY26:
| Metric: |
Q4 FY26 |
Q3 FY26 |
Q4 FY25 |
| Revenue from Operations: |
₹334.02 crores |
₹250.13 crores |
₹148.01 crores |
| EBITDA: |
332m Rupees |
— |
71m Rupees |
| EBITDA Margin: |
9.93% |
— |
4.78% |
| Consolidated EBIT: |
₹22.85 crores |
₹15.34 crores |
₹3.46 crores |
| EBIT Margin: |
6.8% |
— |
— |
| Consolidated PAT: |
270m Rupees |
— |
110m Rupees |
| Basic EPS (₹): |
₹17.79 |
₹5.12 |
₹7.29 |
| Diluted EPS (₹): |
₹17.72 |
₹5.09 |
₹7.25 |
Consolidated revenues for Q4 FY26 rose 125.7% year-on-year and 33.5% sequentially. Consolidated EBIT rose 48.9% sequentially and 559.7% year-on-year, with an EBIT margin of 6.8% for the quarter. Consolidated PAT grew year-on-year from 110m Rupees to 270m Rupees. These figures exclude the one-time exceptional item related to the new labour code recognised in Q3 FY26.
FY26 Full-Year Consolidated Performance
FY26 was a transformative year for Sasken, with consolidated revenues growing 102.1% year-on-year to ₹1,113.17 crores, driven by 27.4% organic growth in strategic accounts and the first full-year contribution from the Borqs acquisition. The table below presents the key full-year consolidated metrics:
| Metric: |
FY26 |
FY25 |
Change |
| Revenue from Operations: |
₹1,113.17 crores |
₹550.91 crores |
+102.1% YoY |
| Total Income: |
₹1,151.87 crores |
₹606.75 crores |
— |
| Consolidated EBIT: |
₹49.43 crores |
₹8.95 crores |
+452.5% YoY |
| EBIT Margin: |
4.4% |
— |
— |
| Consolidated PAT: |
₹58.65 crores |
₹50.51 crores |
+16.1% YoY |
| PAT Margin: |
5.3% |
— |
— |
| Basic EPS (₹): |
₹35.61 |
₹33.30 |
— |
| Diluted EPS (₹): |
₹35.43 |
₹33.04 |
— |
| Total Comprehensive Income: |
₹105.46 crores |
₹52.93 crores |
— |
Profit attributable to owners of the company for FY26 stood at Rs. 5,392.97 lakhs, while non-controlling interests accounted for Rs. 471.60 lakhs. Other equity as at March 31, 2026 stood at Rs. 83,956.37 lakhs (excluding non-controlling interests), compared to Rs. 77,252.49 lakhs as at March 31, 2025. Total assets on a consolidated basis stood at Rs. 1,16,609.70 lakhs as at March 31, 2026, against Rs. 95,835.22 lakhs as at March 31, 2025.
Segment Performance
Pursuant to the Borqs acquisition, Sasken now operates under two reportable segments: Software Services and Product Solutions. Until March 31, 2025, the group operated in one segment only. The following table presents segment revenue for Q4 FY26 and FY26:
| Segment: |
Q4 FY26 (Rs. lakhs) |
FY26 (Rs. lakhs) |
FY25 (Rs. lakhs) |
| Software Services: |
20,947.67 |
77,246.46 |
55,091.38 |
| Product Solutions: |
12,454.75 |
34,070.38 |
— |
| Total Net Revenue: |
33,402.42 |
1,11,316.84 |
55,091.38 |
Revenue contribution from the top 5 customers stood at 56.1% and from the top 10 customers at 69.6% for FY26.
Standalone Financial Performance
On a standalone basis, Sasken Technologies reported revenue from operations of Rs. 14,467.62 lakhs and total income of Rs. 15,275.37 lakhs for Q4 FY26, compared to total income of Rs. 13,008.89 lakhs in Q4 FY25. Standalone profit after tax for Q4 FY26 stood at Rs. 1,973.80 lakhs, against Rs. 1,144.21 lakhs in Q4 FY25. Standalone basic EPS for Q4 FY26 was ₹13.01 and diluted EPS was ₹12.96. For the full year FY26, standalone revenue from operations was Rs. 53,252.20 lakhs and standalone total income was Rs. 56,980.09 lakhs versus Rs. 50,778.97 lakhs in FY25, and standalone PAT was Rs. 6,466.87 lakhs compared to Rs. 4,875.00 lakhs in FY25. Standalone basic EPS for FY26 was ₹42.71 and diluted EPS was ₹42.48. Standalone other equity as at March 31, 2026 stood at Rs. 79,631.02 lakhs, compared to Rs. 77,436.62 lakhs as at March 31, 2025.
Order Book and New Business Wins
During Q4 FY26, the total order book stood at $35.4 million, of which $21.6 million is attributable to new business. The company signed 6 new logos during the quarter. Key order wins included:
- A multi-year, multi-million-dollar product development engagement with a UK-based provider of mission-critical vehicle communication solutions for Europe and Middle East markets.
- An engagement with a global RTOS provider to drive platform enhancements, re-architecture, and maintenance across core systems, enabling expansion into aviation, defense, telecom, automotive, and industrial verticals.
- Selection by a leading global automotive OEM to develop instrument cluster software encompassing HMI, application & middleware, and end-to-end validation.
- Selection by a large U.S.-based industrial security company as a design and manufacturing partner for safety-critical Bluetooth security seals.
- A strategic semiconductor engagement with an emerging AI silicon innovator to lead full-chip analog and mixed-signal circuit design for next-generation AI SoCs on advanced 12nm process technology.
- Renewal of a multi-million-dollar partnership with a leading global consumer electronics brand for unified AI user experiences across consumer devices.
- Renewal of multi-million-dollar engagements with customers for design, testing, and development of enterprise and Android devices.
Dividend and Corporate Actions
The Board of Directors has recommended a final dividend of ₹13 per equity share (face value ₹10 each) for the year ended March 31, 2026, subject to shareholder approval at the forthcoming Annual General Meeting. Including the interim dividend of ₹12 per equity share declared on November 07, 2025, the cumulative dividend for FY26 amounts to ₹25 per equity share.
The Board also recommended the re-appointment of M/s. M S K A & Associates LLP, Chartered Accountants (ICAI Firm Registration No. 105047W/W101187) as Statutory Auditors for a second term of up to five consecutive years, from the conclusion of the 38th AGM till the conclusion of the 43rd AGM, subject to member approval.
People and Workforce
At the close of FY26, headcount stood at 2,446, with trailing twelve-month attrition at 8.6%, sustaining sub-10% levels. Women constituted 27% of global hires during the quarter. The company renewed its Great Place to Work certification for 2026–27 and was recognised for Excellence in BRSR Reporting in the Small Cap Services category and at the ICSI National Awards for Excellence in Corporate Governance. Sasken also inaugurated its Hyderabad facility during the year, strengthening access to engineering talent.
Management Commentary
Rajiv C. Mody, Chairman, Managing Director & CEO, Sasken Technologies, stated: "FY26 marks steady progress in strengthening our ability to serve customers across the Chip-to-Cognition spectrum. By combining disciplined execution with deeper domain expertise, we are partnering more closely on long-term, systems-led programs in semiconductors, automotive, and communications. As we move into FY27, our focus remains on helping customers build intelligent, connected, and future-ready platforms while delivering sustainable value through consistent execution and innovation."
Key Highlights
- Q4 FY26 Consolidated Revenue: 3.34b Rupees, up from 1.48b Rupees YoY
- Q4 FY26 EBITDA: 332m Rupees vs 71m Rupees YoY; EBITDA margin at 9.93% vs 4.78% YoY
- Q4 FY26 Consolidated PAT: 270m Rupees vs 110m Rupees YoY
- FY26 Consolidated Revenue: ₹1,113.17 crores, up 102.1% YoY
- FY26 Consolidated PAT: ₹58.65 crores, up 16.1% YoY
- Order Book (Q4 FY26): $35.4 million total; $21.6 million new business; 6 new logos
- Cumulative Dividend: ₹25 per share for FY26 (final ₹13 + interim ₹12)
- Headcount: 2,446 as at March 31, 2026; attrition at 8.6%
- AI Integration: ~77% of client delivery engagements incorporate AI