Saksoft Limited (SAKSOFT)
₹146.33 +4.51% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Saksoft's revenue was ₹249 Cr (-0.2% year on year, -0.2% on the previous quarter), and net profit ₹29.3 Cr (-9.4% year on year); the operating margin was 18.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹249 | -0.2% | -0.2% |
| Operating profit | ₹45.4 | -0.9% | +0.9% |
| Net profit | ₹29.3 | -9.4% | -18.6% |
| EPS (₹) | 2.28 | -10.2% | -15.9% |
| Operating margin | 18.3% | — | — |
SAKSOFT delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 33.57% of the SAKSOFT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 40.03%. That is close to its usual level.
Delivery in the last 5 sessions: 29.5% · 30.4% · 40.6% · 23.5% · 33.6%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Saksoft Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent Cameo Corporate Services Limited on October 5, 2026, confirms that securities received for dematerialisation were processed and confirmed to depositories within stipulated timelines. Additionally, security certificates received were mutilated, cancelled, and substituted in the register of members. This is a standard quarterly regulatory filing with no operational or financial impact.
- Compliance certificate issued for the quarter ended September 30, 2026
- Certificate confirmed under Regulation 74(5) of SEBI Depositories Regulations, 2018
- Issued by RTA Cameo Corporate Services Limited dated October 5, 2026
- Confirmation that dematerialised share certificates were mutilated and cancelled within prescribed time
Saksoft Limited has issued a Postal Ballot notice to amend its ESOP Plan 2009 and approve the grant of up to 66,27,562 options (representing 5.0% of fully diluted equity capital) to Gurmeet Chahal, CEO of its US subsidiary Saksoft Inc. The options carry a four-year vesting schedule with both time-based and performance-based criteria. The grant will be implemented via the transfer of existing shares held by the Saksoft Employee Welfare Trust rather than fresh equity issuance. Remote e-voting runs from October 16, 2026, to November 14, 2026, with results declared on or before November 17, 2026.
- Proposed grant of up to 66,27,562 options representing 5% of diluted share capital (based on 13,25,51,250 shares).
- Options granted to Gurmeet Chahal, CEO of subsidiary Saksoft Inc., with a 4-year vesting schedule.
- Grant implemented via transfer of existing shares held by the Employee Welfare Trust (no fresh equity dilution).
- Remote e-voting window open from October 16, 2026, to November 14, 2026; results due by November 17, 2026.
Saksoft Limited received a rectified sanction order from the NCLT Chennai Bench regarding the merger of its wholly owned subsidiary, Augmento Labs Private Limited, into Saksoft Limited. The rectification corrected clerical and typographical aspects, confirming the Appointed Date as 01.04.2026. As Augmento Labs is already a wholly owned subsidiary, its shares will be cancelled with no new share issuance. The merger is subject to final ROC filings within 30 days of receiving the certified order.
- Appointed date for the scheme rectified and confirmed as 01.04.2026
- Application IA(CA)/303(CHE)/2026 disposed of with typographical rectifications to the original 16.09.2026 order
- Certified copy of the order to be delivered to the Registrar of Companies within 30 days
CARE Ratings Limited has upgraded Saksoft Limited's long-term bank facilities rating to 'CARE A+; Stable' from 'CARE A; Stable'. The rated long-term bank facility limit has been significantly expanded from ₹12.00 crore to ₹40.00 crore. Short-term bank facilities rating was reaffirmed at 'CARE A1' for ₹3.00 crore. This upgrade highlights the company's strong credit profile, supported by minimal debt (₹9 crore) and robust net worth (₹395 crore).
- Long-term bank facilities upgraded to 'CARE A+; Stable' from 'CARE A; Stable'
- Long-term facility limits enhanced from ₹12.00 crore to ₹40.00 crore
- Short-term bank facilities rating reaffirmed at 'CARE A1' on ₹3.00 crore limits
- Total rated bank facilities increased to ₹43.00 crore
Saksoft Limited's Board has approved the appointment of Mr. Gurmeet Chahal as the Chief Executive Officer of its material US subsidiary, Saksoft Inc., effective October 12, 2026. Mr. Chahal is also designated as Senior Management Personnel (SMP) of the company. With North America and the UK representing around 76% of Saksoft's revenue exposure, leadership in the US geography is critical to executing the company's digital transformation pipeline. Mr. Chahal brings nearly 30 years of IT services experience, having previously served as Founding CEO of Digitide and SVP at Genpact.
- Appointment of Gurmeet Chahal as CEO of material subsidiary Saksoft Inc. (US) effective October 12, 2026
- Designated as Senior Management Personnel (SMP) of Saksoft Limited
- Executive brings ~30 years of IT services, BPM, and digital transformation experience (ex-Genpact, Digitide)
- Oversees key US market, which forms a major portion of Saksoft's ₹1,007 Cr TTM revenue base
The Hon'ble NCLT Chennai Bench has sanctioned the Scheme of Amalgamation of wholly owned subsidiary Augmento Labs Private Limited with and into Saksoft Limited. The order was passed on September 16, 2026, with an Appointed Date fixed as April 01, 2026. The company noted that the order contains minor typographical/clerical errors and is filing a rectification application. Because Augmento Labs is already a 100% subsidiary, all its shares will be cancelled upon effectiveness with zero equity dilution.
- NCLT sanctioned the merger scheme vide order dated September 16, 2026 (received September 22, 2026)
- Appointed Date for the merger is set as April 01, 2026
- Wholly owned subsidiary Augmento Labs shares will be cancelled without new share issuance
- Certified copy of the order must be filed with the Registrar of Companies, Chennai, within 30 days
Saksoft Limited has informed the exchanges about a group virtual investor meet scheduled for Tuesday, September 8, 2026, at 2:00 PM IST. The meeting will be hosted by Valorem Advisors. The company stated it will reiterate public information from its Q1 FY27 earnings call held on August 10, 2026, with no unpublished price sensitive information (UPSI) to be discussed.
- Virtual group investor meeting scheduled for Tuesday, September 8, 2026, at 2:00 PM IST
- Session is hosted by Valorem Advisors via virtual platform
- Discussion will strictly reiterate disclosures from the Q1 FY27 earnings call held on August 10, 2026
- Company confirmed that no unpublished price sensitive information (UPSI) will be shared
Saksoft Limited reported a flat Q1 performance with revenue of ~₹249 crore and EBITDA of ₹45 crore (18.26% margin), while PAT stood at ~₹29 crore (11.78% margin). Management noted ongoing demand softness and delayed client decision-making affecting near-term quarters, with expectations of a muted Q2 followed by recovery in H2. Despite the slow start, the company reaffirmed its FY27 revenue guidance of ₹1,200 to ₹1,250 crore, implying ~19% to 24% YoY growth over FY26 revenue of ₹1,007 crore. Geographic mix was led by the Americas at 52% (targeted to reach 65% in 2-3 years), while headcount stood at 2,434 with 83% utilization.
- Q1 revenue stood at ~₹249 crore with EBITDA at ₹45 crore (18.26% margin) and PAT at ~₹29 crore (11.78% margin)
- Management reaffirmed full-year FY27 revenue guidance of ₹1,200 crore to ₹1,250 crore vs ₹1,007 crore in FY26
- Americas contributed 52% of revenues, followed by Europe at 27% and APAC/others at 21%
- Total headcount stood at 2,434 (2,223 technical professionals) with 83% utilization and 16 clients contributing >$1M annual revenue
Saksoft reported a flat Q1-FY27 with revenue at ₹248.62 Cr, a marginal 0.2% decline YoY, reflecting continued demand softness from top clients. Net profit (PAT) fell 9.4% YoY to ₹29.29 Cr, significantly impacted by a 24.3% increase in tax expenses and a 46.8% drop in other income. Despite top-line pressure, Operating EBITDA margins remained relatively stable at 18.26%. The company maintains a high client concentration, with the top 10 clients contributing 56% of total revenue.
- Revenue of ₹248.62 Cr represents a 0.2% YoY decline and a 0.1% QoQ decline
- PAT decreased by 18.5% sequentially from ₹35.93 Cr in Q4-FY26 to ₹29.29 Cr
- Operating EBITDA margin stood at 18.26%, a slight 14 bps compression compared to Q1-FY26
- Offshore revenue mix improved to 57% in Q1-FY27 from 56% in FY26
- Top 20 clients contribute 69% of total revenue, indicating persistent high concentration
Saksoft Limited successfully conducted its 27th Annual General Meeting (AGM) on August 07, 2026. The meeting lasted approximately 62 minutes, starting at 10:30 AM and concluding at 11:32 AM. This filing is a procedural summary of the proceedings as required by SEBI regulations. Investors should note that the company reported a TTM revenue of ₹1,007 Cr and a PAT of ₹133 Cr leading up to this period.
- 27th Annual General Meeting held on August 07, 2026
- Meeting duration was 62 minutes, concluding at 11:32 AM
- Company reported TTM Revenue of ₹1,007 Cr as of the latest financial context
- Promoter holding remains stable at 66.72% as of March 2026
Saksoft Limited has disclosed its updated list of Senior Management Personnel (SMP) as of August 07, 2026, in compliance with SEBI regulations. The list identifies 7 key executives, including Deepankur Kukreja, who was appointed Chief Growth Officer for the UK effective June 23, 2026. The management structure remains focused on regional growth (US and UK) and operational efficiency, with Niraj Kumar Ganeriwal continuing as both COO and CFO. This update provides transparency on the leadership team responsible for managing the company's ₹1,007 Cr TTM revenue.
- Updated list includes 7 Senior Management Personnel as of August 07, 2026.
- Deepankur Kukreja appointed as Chief Growth Officer, UK, effective June 23, 2026.
- Niraj Kumar Ganeriwal holds the dual Key Managerial Personnel role of COO and CFO.
- Leadership structure includes dedicated Growth Officers for both US and UK markets, which represent 76% of total revenue.
Saksoft reported a weak set of numbers for Q1 FY27, with consolidated revenue remaining flat at ₹248.62 Cr compared to both the previous quarter and the same period last year. Net profit witnessed a sharp sequential decline of 18.6%, falling to ₹29.29 Cr from ₹36.0 Cr in March 2026. Profitability was impacted by high third-party charges of ₹63.14 Cr, which now account for 25% of revenue. The company is currently merging its subsidiary Augmento Labs, which is expected to bolster standalone figures once the process is complete.
- Consolidated Revenue from Operations stood at ₹248.62 Cr, showing a marginal decline from ₹249.07 Cr in Q1 FY26.
- Net Profit for the quarter dropped to ₹29.29 Cr, down 18.6% from ₹36.0 Cr in the preceding March 2026 quarter.
- Earnings Per Share (EPS) for the quarter decreased to ₹2.28 from ₹2.71 in the previous quarter.
- Third-party support charges rose to ₹63.14 Cr, representing a significant cost component at 25.4% of total revenue.
- The company recognized a one-time exceptional item of ₹3.75 Cr in the previous full year (FY26) related to New Labour Codes.
Saksoft Limited has scheduled an interaction with investors and analysts on August 10, 2026, at 2:00 PM IST. This meeting follows a prior notification on August 5, 2026, and is part of the company's regular investor relations activities. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be discussed during the session. With a TTM revenue of ₹1,007 Cr and a market cap of ₹2,312 Cr, such meetings are standard for maintaining transparency with the market.
- Investor/Analyst meeting scheduled for August 10, 2026, at 2:00 PM IST
- Company reported TTM revenue of ₹1,007 Cr and PAT of ₹133 Cr for FY26
- Inorganic expansions through acquisitions like Solveda and Ceptes contributed 13% of FY25 revenue
- Earnout liability for recent acquisitions stands at ₹73 Cr to be paid over two years
- Promoter holding remains stable at 66.72% as of March 2026
Saksoft Limited has announced a meeting with investors and analysts scheduled for August 10, 2026, at 2:00 PM IST. This is a routine regulatory disclosure to facilitate management interaction with the investment community. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be discussed during this session. Investors should note that Saksoft recently crossed the Rs 1,000 crore TTM revenue milestone in FY26 with a healthy ROCE of 28%.
- Investor/Analyst meeting scheduled for August 10, 2026, at 2:00 PM IST
- Company reported TTM revenue of ₹1,007 crore as of March 2026
- Maintains a low debt-to-equity ratio of 0.02 with total debt of only ₹9 crore
- Top 20 clients currently contribute approximately 70% of total revenue
Saksoft Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the period ended June 30, 2026. The company's Registrar and Share Transfer Agent (RTA), Cameo Corporate Services Limited, confirmed that share certificates received for dematerialization were processed, mutilated, and cancelled. The names of the depositories have been substituted in the register of members as the registered owners. This is a standard administrative filing with no impact on the company's financial health or business strategy.
- Confirmation of compliance for the quarter ended June 30, 2026
- RTA confirmed all dematerialization requests were processed within stipulated time limits
- Physical certificates were mutilated and cancelled after due verification
- The filing confirms the integrity of the company's shareholding records for its ₹2389 Cr market cap
Financial Performance
Revenue Growth by Segment
Application Development, the primary focus, grew at a CAGR of 38% over the three years ending FY24. Digital Transformation services grew at a CAGR of 35% over the same period. Total Operating Income (TOI) reached INR 883.16 Cr in FY25, representing a 16% YoY growth compared to INR 761.63 Cr in FY24.
Geographic Revenue Split
The USA and UK markets are the primary contributors, accounting for 76% of total revenue in FY24 and Q1 FY25. The APAC region is seeing increased contribution driven by global players establishing centers in India.
Profitability Margins
Operating margins have remained stable at approximately 16-17% over the past few years. PAT margins improved as PAT grew from INR 81.98 Cr in FY23 to INR 96.17 Cr in FY24 (17.3% growth) and reached INR 108.80 Cr in FY25 (13.1% growth).
EBITDA Margin
PBILDT margin was 16.58% in FY25, a slight moderation from 17.91% in FY24. This 133 bps decline was primarily due to one-time acquisition-related expenses and higher provisions, though margins recovered to 18.4% in Q1 FY26 (INR 45.83 Cr PBILDT on INR 249.07 Cr revenue).
Capital Expenditure
Inorganic CAPEX included INR 156 Cr (USD 18.8 million) for Solveda in August 2023 and INR 61.50 Cr for Ceptes Software in 2024. The company maintains a strong cash balance of INR 197 Cr as of March 2025 to fund future growth.
Credit Rating & Borrowing
Long-term bank facilities are rated CARE A; Stable and short-term facilities are rated CARE A1. Borrowing costs are low as the company is virtually debt-free with an overall gearing of 0.12x in FY25, up from 0.05x in FY24 due to a INR 29.4 Cr loan for the Ceptes acquisition.
Operational Drivers
Raw Materials
As an IT services firm, the primary 'raw material' is human capital. Employee costs and third-party service costs are the key determinants of margins, typically representing the largest portion of operating expenses.
Import Sources
Not applicable for IT services; however, talent is primarily sourced from India (offshore) and local markets in the US, UK, and Singapore (onsite).
Key Suppliers
Not applicable; the company relies on technology partners like Salesforce for platform-specific service delivery.
Capacity Expansion
Capacity is measured by headcount and delivery centers. The company is expanding its offshore delivery mix, which increased from 53% in FY22 to 56% in FY25, with a long-term target of a 60:40 offshore-to-onsite ratio.
Raw Material Costs
Employee costs are managed through a judicious mix of permanent staff and third-party consultants. Offshoring is the primary strategy to optimize these costs, as seen in the 3% increase in offshore mix over three years.
Manufacturing Efficiency
Efficiency is tracked via the offshore-onsite delivery ratio (currently 56% offshore) and employee utilization rates to ensure optimal cost structures.
Logistics & Distribution
Not applicable; services are delivered digitally or onsite at client locations.
Strategic Growth
Expected Growth Rate
16%
Growth Strategy
Growth is driven by a 'string of pearls' acquisition strategy, such as Solveda (e-commerce) and Ceptes (Salesforce), which contributed INR 115 Cr in incremental revenue in FY25. The company focuses on cross-selling these new capabilities to its existing 16+ 'million-dollar' clients to increase wallet share.
Products & Services
Business intelligence solutions, information management, Salesforce consulting, application development, cloud migration, IoT solutions, and software testing services.
Brand Portfolio
Saksoft, Solveda, Ceptes, DreamOrbit, Three Sixty Logica, Faichi Solutions.
New Products/Services
Salesforce platform-related services (via Ceptes) and AI accelerators are expected to be major growth drivers, with inorganic expansions contributing roughly 13% of FY25 revenue.
Market Expansion
Expansion is focused on the APAC region and deepening presence in niche verticals like Logistics, Fintech, and Healthcare in the US and UK markets.
Market Share & Ranking
Saksoft is a mid-tier niche player in the fragmented global IT services market, specializing in digital transformation for mid-market enterprises.
Strategic Alliances
Strategic partnerships with platform providers like Salesforce to enhance service delivery in digital transformation.
External Factors
Industry Trends
The IT industry is shifting toward AI-driven automation and cloud-native engineering. Saksoft is positioning itself by acquiring specialized firms to avoid obsolescence and capture the 35%+ growth in digital transformation spending.
Competitive Landscape
Faces intense competition from large Tier-1 IT multinationals with deeper pockets and smaller regional players with lower overheads.
Competitive Moat
The moat is built on 'switching costs'—once Saksoft manages a client's core applications and data migration, the relationship becomes 'sticky,' leading to repeat business and consistent revenue.
Macro Economic Sensitivity
High sensitivity to US and UK GDP growth and interest rates; high interest rates in developed markets have previously led to moderated growth (13.6% in FY24 vs 39% in FY23).
Consumer Behavior
Enterprise clients are increasingly moving toward 'vendor consolidation,' preferring partners who can provide end-to-end digital transformation rather than isolated services.
Geopolitical Risks
Geopolitical tensions and wars in Europe have decreased client spending in those regions, impacting the pace of new contract signings.
Regulatory & Governance
Industry Regulations
Compliance with global labor laws and data privacy regulations (like GDPR in the UK/EU) is critical for maintaining international service contracts.
Environmental Compliance
Saksoft voluntarily adopted BRSR reporting in 2022 and achieved carbon-neutral status in FY24.
Taxation Policy Impact
The company operates across multiple tax jurisdictions including India, USA, UK, and Singapore, with a consolidated PAT of INR 108.80 Cr in FY25.
Legal Contingencies
No specific pending high-value court cases or litigation values were disclosed in the available documents.
Risk Analysis
Key Uncertainties
Macroeconomic volatility in the US/UK could impact growth by 5-10% if clients defer projects. Attrition and wage inflation pose a risk to the 16% operating margin target.
Geographic Concentration Risk
High concentration with 76% of revenue derived from the USA and UK, making the company vulnerable to regional economic downturns.
Third Party Dependencies
Dependency on third-party consultants for project-specific scaling, which can impact cost optimization if not managed judiciously.
Technology Obsolescence Risk
Rapid advancements in AI could make traditional testing or application development services obsolete if the company fails to integrate AI accelerators.
Credit & Counterparty Risk
Receivables quality is high, with a focus on mid-tier and enterprise clients; credit periods are 60-75 days for international and 90 days for Indian clients.
