Financial Results Overview

Consolidated Performance (₹ in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹32,095.13
  • Other income: ₹928.55
  • Total income: ₹33,023.68
  • Profit before tax: ₹3,545.18
  • Profit after tax: ₹2,559.44
  • Total comprehensive income: ₹2,417.93
  • EPS Basic: ₹16.14 | EPS Diluted: ₹16.10

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹66,018.98
  • Other income: ₹1,859.17
  • Total income: ₹67,878.15
  • Profit before tax: ₹6,502.27
  • Profit after tax: ₹4,911.59
  • Total comprehensive income: ₹4,587.79
  • EPS Basic: ₹32.51 | EPS Diluted: ₹32.42

Standalone Performance (₹ in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹18,645.52
  • Other income: ₹777.88
  • Total income: ₹19,423.40
  • Profit before tax: ₹3,839.96
  • Profit after tax: ₹2,892.78
  • Total comprehensive income: ₹3,015.83
  • EPS Basic: ₹19.04 | EPS Diluted: ₹19.00

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹34,193.60
  • Other income: ₹2,136.64
  • Total income: ₹36,330.24
  • Profit before tax: ₹7,484.19
  • Profit after tax: ₹5,778.36
  • Total comprehensive income: ₹6,345.90
  • EPS Basic: ₹38.05 | EPS Diluted: ₹38.00

Dividend Declaration

The Board declared an interim dividend of ₹12 (120%) per equity share of ₹10 each for FY 2026-27. Record date fixed as Tuesday, November 3, 2026, with payment on or before Thursday, November 26, 2026.

Segment-wise Performance

Consolidated Segment Revenue (₹ in lakhs)

Q2 FY27:

  • Software Services: ₹25,158.13 (78.4% of total)
  • Product Solutions: ₹6,937.00 (21.6% of total)
  • Total: ₹32,095.13

H1 FY27:

  • Software Services: ₹47,114.01 (71.4% of total)
  • Product Solutions: ₹18,904.97 (28.6% of total)
  • Total: ₹66,018.98

Segment Profit (₹ in lakhs)

Q2 FY27:

  • Software Services: ₹8,100.27
  • Product Solutions: ₹485.57
  • Total segment profit: ₹8,585.84

Balance Sheet Position (Consolidated)

As at September 30, 2026:

  • Total assets: ₹132,374.64 lakhs
  • Property, plant and equipment: ₹4,795.84 lakhs
  • Right of use assets: ₹3,342.12 lakhs
  • Goodwill: ₹20,271.97 lakhs
  • Intangible assets: ₹7,051.55 lakhs
  • Investments: ₹28,202.04 lakhs (current + non-current)
  • Inventories: ₹9,448.16 lakhs
  • Trade receivables: ₹20,415.81 lakhs
  • Cash and cash equivalents: ₹9,445.91 lakhs
  • Total equity: ₹90,319.01 lakhs
  • Paid-up equity capital: ₹1,519.15 lakhs
  • Other equity: ₹86,774.29 lakhs
  • Non-current liabilities: ₹5,920.53 lakhs
  • Current liabilities: ₹36,135.10 lakhs

Cash Flow Statement (Consolidated)

H1 FY27:

  • Net cash used in operating activities: ₹(22.96) lakhs
  • Net cash used in investing activities: ₹(1,646.86) lakhs
  • Net cash from financing activities: ₹5,333.50 lakhs
  • Net increase in cash: ₹3,663.68 lakhs

Key Business Metrics

  • Order book: $47.3 million with $24.8 million from new business
  • Four new logo wins in Q2 FY27
  • Revenue concentration: Top 5 customers = 49%, Top 10 customers = 63%
  • Cash and cash equivalents: ₹398.8 crores as of quarter end
  • Headcount: 2,844 employees (2,568 engineering + 276 corporate)
  • Utilization rate: 85.9% including trainees
  • LTM attrition: 9.3% (voluntary only)

Business Highlights

Major Order Wins:

1. Multi-year telematics engagement with European automotive group

2. Asset-tracking solution deal for fiber reel management

3. Cockpit and ADAS programs with European automotive OEM

4. Engineering engagement with Indian EV company

5. Semiconductor IP engagement for cellular SoC with leading semiconductor company

Segment Performance:

  • Software Services grew 15% QoQ and 34% YoY
  • Product Solutions declined 42% QoQ but grew 2.4% YoY
  • EBIT margin expanded to 8.9% from 6.4% in Q1 FY27

Subsidiaries Included in Consolidation

The consolidated results include 13 entities: Sasken Mexico, Sasken Finland, Sasken Silicon Technologies, Sasken USA, Sasken Silicon Inc., Sasken Japan, Sasken Singapore, Borgs International Holding Corp, New Borgs Technologies (Beijing), BORQS Technologies (HK), Borgs Technologies India, Sasken Employees Welfare Trust, and Sasken Foundation.

Forward-looking Statements

The document contains forward-looking statements about future growth prospects subject to risks including technological changes, market conditions, competition, regulatory changes, and economic factors.