Financial Performance Summary

Saven Technologies Limited reported its financial results for the year ended March 31, 2026. The company achieved total revenue of ₹2,026.24 lakhs compared to ₹1,494.67 lakhs in the previous year, representing a 35.6% increase. Revenue from operations stood at ₹1,889.89 lakhs (₹1,430.42 lakhs in FY25), showing a 32% growth year-over-year.

Key financial metrics:

  • EBITDA: ₹385.92 lakhs (FY25: ₹303.64 lakhs)
  • Profit Before Tax: ₹438.71 lakhs (FY25: ₹345.27 lakhs)
  • Profit After Tax: ₹342.11 lakhs (FY25: ₹259.20 lakhs)
  • Other Comprehensive Income: (₹29.70) lakhs (FY25: ₹68.37 lakhs)
  • Earnings Per Share: ₹3.14 (FY25: ₹2.38)

Capital Structure and Dividend

The company's authorized share capital remains unchanged at ₹16,00,00,000 comprising 16,00,00,000 equity shares of Re.1/- each. The paid-up equity share capital stands at ₹1,08,78,748 divided into 1,08,78,748 equity shares of Re.1/- each. There were no changes in capital structure during the year.

The Board of Directors declared an interim dividend of ₹1.50 (150%) per equity share for FY26 at their meeting held on February 6, 2026. No final dividend was declared. The dividend distribution policy was not applicable to the company for FY26 as per Regulation 43A of SEBI LODR Regulations.

Strategic Developments and Investments

The company commenced developing a software kit for fintech companies during the year. Total expenses incurred until May 31, 2025, amounting to ₹180.83 lakhs, were capitalized on June 1, 2025, and shown under non-current assets.

Capital expenditure included additions to fixed assets of ₹968.48 lakhs, mainly towards office building, hardware, computer software, and infrastructure facilities, entirely funded from internal accruals.

Management and Board Changes

Several changes occurred in Directors and Key Managerial Personnel during FY26:

  • Mr. Rajagopal Ravi was designated as Non-Independent, Non-Executive Director for three years effective August 4, 2024, and appointed Chairman effective April 1, 2025
  • Mrs. Devesh Anjali Desai was appointed as Director and Independent Director for five years effective February 10, 2025
  • Mr. Murty Gudipati was re-appointed as Managing Director & CEO for three years effective April 1, 2024
  • Ms. Jayanthi Premkumar resigned as Company Secretary effective May 14, 2025
  • Mr. Vasista Raghava Padmannagari was appointed Company Secretary effective May 15, 2025

Mr. Rajagopal Ravi retires by rotation at the ensuing AGM and offers himself for re-appointment.

Remuneration Details

Directors' remuneration for FY26:

  • Sridhar Chelikani: ₹1,80,000 (sitting fees only)
  • Rajagopal Ravi: ₹8,50,000 (₹6 lakhs remuneration + ₹2.5 lakhs sitting fees)
  • Rajaram Mosur Ranganathan: ₹2,80,000 (sitting fees only)
  • Anjali Desai: ₹2,60,000 (sitting fees only)
  • Murty Gudipati: ₹1,02,00,000 (₹48 lakhs salary + ₹54 lakhs provident fund & perquisites)

Mr. Murty Gudipati received ₹20.00 lakhs as performance incentive during FY26.

Operational Highlights

Foreign exchange earnings increased to ₹1,589.54 lakhs from ₹1,299.74 lakhs in FY25. Foreign exchange outgo was ₹7.30 lakhs compared to ₹0.96 lakhs in the previous year.

The company maintained 87 permanent employees on rolls. The ratio of median remuneration showed MD & CEO at 19.63:1 and Chairman at 0.97:1.

Regulatory Compliance and Auditors

The company complied with all applicable provisions of Companies Act, 2013 and SEBI LODR Regulations. Statutory Auditors M/s. Suryanarayana and Suresh and Secretarial Auditors M/s. MKS & Associates provided unqualified reports without any reservations or adverse remarks.

Internal Auditors M/s. Nandyala and Associates were re-appointed for FY25 and FY26.

Related Party Transactions

Transactions with related parties were conducted at arm's length basis. Material transactions included:

  • IT services provided to Medha Services Inc., USA (common director): ₹1,589.54 lakhs
  • Office rent paid to relatives of directors: ₹17.74 lakhs

Corporate Governance

The company is exempt from certain corporate governance provisions under Regulation 15(2) of SEBI LODR Regulations as its paid-up equity share capital is below ₹10 crore and net worth below ₹25 crore.

Future Outlook

The management discussion highlighted opportunities in the fintech sector, particularly with RBI lifting restrictions on banking partnerships. The company is positioning itself in AI application development while navigating global uncertainties in offshore business, especially in the US market.

Key Financial Ratios

  • Current Ratio: 6.05 (FY25: 13.02)
  • Operating Profit Margin: 21.65% (FY25: 23.10%)
  • Net Profit Margin: 18.10% (FY25: 18.12%)
  • Return on Net Worth: 15.84% (FY25: 12.89%)
  • Debtors Turnover: 5.30 (FY25: 5.39)