Below is a structured extraction and summary of the relevant and actionable financial information from Sasken Technologies Limited’s Q1 FY26 results filing dated August 14, 2025.

1. Auditor’s Note

• Opinion: Unmodified (clean) audit opinion on both standalone and consolidated financial results.
• Qualifications/Concerns: None reported.
• Other Matters:
  • Inclusion of audited results of two subsidiaries audited by other auditors; reliance on their reports confirmed.
  • Business combination accounting for Borqs acquisition is provisional with purchase price allocation to be finalized within 12 months.
  • No material uncertainty about going concern status.

Conclusion: Auditor’s report is standard with no qualifications or concerns.

2. Financial Performance

Key Financial Figures (Rs. in lakhs)

Growth Highlights

• Consolidated Revenue:
  • Q1 FY26 vs Q4 FY25: +84.8% sequential growth
  • Q1 FY26 vs Q1 FY25: +121.7% YoY growth
• Consolidated EBIT:
  • Q1 FY26 at ₹5.48 crores, +58.1% QoQ, +150% YoY
• Consolidated PAT:
  • Q1 FY26 at ₹100.06 crores, down 13.0% QoQ, down 43.4% YoY
• Consolidated EPS: ₹6.24 for Q1 FY26
• Standalone Revenue: ₹118.34 crores in Q1 FY26, up 3.5% QoQ and 17.7% YoY
• Standalone PAT: ₹9.17 crores in Q1 FY26, down 19.8% QoQ and down 38.2% YoY

3. Detailed Notes / Management Commentary

Business & Operational Highlights

• Acquisition: Borqs International Holding Corp and subsidiaries became step-down subsidiaries effective April 8, 2025. Integration ongoing; purchase price allocation provisional.
• Segment Change: Post-acquisition, company now reports two segments:
  • Software Services
  • Product Solutions (new segment from Borqs acquisition)
• Order Book: $51.7 million total order book in Q1 FY26, with $27.4 million from new business.
• New Client Wins: 7 new client logos signed in Q1 FY26, including major deals with German automotive Tier-1 suppliers, global wireless solutions providers, and a global technology leader for education sector devices.
• Strategic Partnerships:
  • Partnership with Microsoft Devices Ecosystem Platform (MDEP) to accelerate intelligent device creation.
  • Investments in ARM-based Virtual Cockpit platform, computer vision, AI/Generative AI accelerators, and cybersecurity practice.
• Industry Trends:
  • Automotive sector moving towards software-centric architectures, virtualization, and Software Defined Vehicles (SDV).
  • Growth in telematics, connected vehicle platforms, and electric vehicle technologies.
  • Satellite segment focusing on 5G NTN NR, Edge AI, and Low Earth Orbit constellations.
  • Cellular communications evolving with AI adoption in O-RAN, network APIs, and 6G preparations.
  • Android and smart devices segment growing with AI-on-edge, 5G integration, and foldable devices.
  • Digital space adoption of GenAI for product differentiation and lifecycle acceleration.
  • Cybersecurity demand rising, especially for product security and regulatory compliance (UNR 155/156, AIS 189/190, RED Delegated Act, Cyber Resilience Act).

People & HR Metrics

• Headcount: 2,196 employees at end of Q1 FY26, a 16% QoQ increase.
• Attrition: Lowest-ever attrition at 7.3% LTM, 7.7% for Q1 FY26.
• Employee Engagement: Enhanced onboarding, learning programs, wellness initiatives (Cult Gym memberships, yoga sessions), and DEI initiatives supporting women and special resource communities.

Financial & Operational Caveats

• Purchase price allocation for Borqs acquisition is provisional and may be adjusted retrospectively within 12 months.
• No changes in accounting policies reported.
• No material adjustments or caveats noted.

4. Segment Information

• Finance costs and unallocable expenses reduce segment EBIT to consolidated PBT.
• Segment assets as of June 30, 2025:
  • Software Services: ₹19,047.49 lakhs
  • Product Solutions: ₹7,493.50 lakhs
  • Total segment assets: ₹26,540.99 lakhs
  • Unallocable assets: ₹89,213.41 lakhs
  • Total assets: ₹115,754.40 lakhs

5. Capex, Projects, and Corporate Activity

• Acquisition: Borqs International Holding Corp and subsidiaries acquired effective April 8, 2025.
• Investments:
  • ARM-based Virtual Cockpit platform (deployable on AWS Graviton/native ARM hardware).
  • Computer vision and machine vision solutions.
  • Generative AI accelerators for software development lifecycle.
  • Cybersecurity practice expansion.
• Partnerships: Strategic partnership with Microsoft Devices Ecosystem Platform (MDEP) leveraging Borqs capabilities.
• No specific capex figures disclosed.
• No writedowns, impairments, or restructuring efforts disclosed.

6. Standalone vs Consolidated

• Consolidated results include subsidiaries, notably Borqs acquisition.
• Standalone results represent Sasken Technologies Limited only, operating in Software Services segment.
• Product Solutions segment revenue and profits arise from Borqs and related subsidiaries.

Summary for Investment Analysis Team

This detailed extraction provides a clear view of Sasken Technologies Limited’s current financial health, operational progress, strategic direction, and key risks for informed investment decision-making.