Saksoft Ltd

Financial Performance

• Revenue from operations for Q1 FY27: INR 249 crores; flat YoY.
• EBITDA: INR 45 crores; margin 18.26%; YoY decline 1%.
• PAT: INR 29 crores; PAT margin 11.78%.
• Geography: Americas 52%, Europe 27%, APAC 21%.
• Delivery mix: onsite 43%, offshore 57%.
• 16 customers with 1M+ contribution.
• Pipeline: USD 28 million in Q1 (vs USD 25m prior quarter).

Market and Pipeline

• Pipeline looks good; next quarter muted; second half shows growth.
• Shift toward managed services and outcome-based deals; larger deals, longer cycles.
• Growth by verticals: Emerging verticals, BFSI, logistics; digital commerce weakest.
• Top concentration softened: top 10 58%→56%; top 5 58%→52%.
• Tail accounts being let go if no potential to scale.

Q&A Highlights

• FY27 revenue guidance reaffirmed: ₹1,200–₹1,250 crore; restatement possible after Q2.
• US revenue share about 52%; target 65% in 2–3 years.
• All projects have AI; no pilots; AI boosts deal size; pipelines stronger.
• Employee costs to revenue share expected to decline; headcount flattening; AI-driven productivity.
• Top verticals driving growth: Emerging verticals, BFSI, logistics; digital commerce weak.

Guidance and Outlook

• FY27 revenue guidance ₹1,200–₹1,250 crore; last year 1,007; ~25% growth.
• Pipeline strength supports potential H2 growth; restatement after Q2 if needed.
• US revenue share target 65% in 2–3 years.
• Growth by verticals: Emerging verticals, BFSI, logistics; digital commerce remains weak.

Meeting Details

• Date: August 10, 2026; time not disclosed.
• Event: Earnings Call; mode not specified.
• Recording: available on Saksoft's website after the meeting.
• Key participant: VP – Company Secretary & Compliance Officer.
• Purpose: discussion of earnings results with investors.

AGM Details

• Held 07 August 2026 at 10:30 AM via video conferencing (VC) / OA VM.

Resolution 1: Adoption of financial statements (Ordinary)

• Adoption of audited standalone and consolidated financial statements for the year ended 31 March 2026; passed with 99.99%.

Resolution 2: Final dividend (Ordinary)

• Declaration of final dividend of Re 0.55 per share for FY 2025-26; interim paid; passed with 99.99%.

Resolution 5: Independent director appointment (Special) – Vaidyanathan Sreenivasan

• Appointment of Vaidyanathan Sreenivasan as independent director from 25 May 2026 to 24 May 2031; passed with 99.99%.

Resolution 6: Independent director appointment (Special) – Mahesh Muzumdar

• Appointment of Mahesh Ramakant Muzumdar as independent director from 25 May 2026 to 24 May 2031; passed with 99.99%.

AGM details

• No extractable AGM information is provided in the supplied pages.

Business Overview

• Digital solutions and IT services provider focused on digital transformation across multiple industries.
• Strategic focus on digitalisation, cross-selling, and vertical-specific solutions with multiyear contracts.

Operational Highlights

• AI investments to deepen customer engagement and grow wallet share.
• Leadership hires: Chief Growth Officer for Europe; BU Head for Emerging Verticals.

Financial Performance

• Q1-FY27 revenue 2,486.19 mn; EBITDA 453.96 mn; EBITDA margin 18.26%; PAT 292.92 mn.
• PAT margin 11.78%; basic EPS 2.28; QoQ revenue -0.1%.

Balance Sheet & Liquidity

• Total equity at FY26: 7,790 mn; cash and cash equivalents 1,188 mn.
• Total borrowings 292 mn; goodwill on consolidation 5,182 mn.

Strategic Priorities & Outlook

• AI-led growth, Europe nearshore expansion, and strengthened cross-sell across verticals.
• Focus on diversified growth and resilient profitability; multiyear contracts provide revenue visibility.

Risks & Mitigation

• Demand softness persisted in Q1; some top clients facing near-term pressures.
• Mitigation: diversified growth strategy, continued investments, trusted client relationships.

Governance & Leadership

• Management added Chief Growth Officer for Europe and BU Head for Emerging Verticals; no governance changes disclosed.

AGM details

• AGM held on Friday, August 7, 2026, from 10:30 AM to 11:32 AM IST.

Senior Management Appointment

• Deepankur Kukreja appointed Chief Growth Officer, UK, effective June 23, 2026.

Financial results and reporting

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited review completed; no material misstatement reported.
• Consolidated results cover Saksoft and subsidiaries; standalone results prepared per Ind AS 34.
• New Labour Codes impact: one-time provision of Rs 486.45 lakhs recognized as an exceptional item.
• Going forward, consolidated results only; standalone results to be published on Saksoft.com.

Meeting Details

• Aug 7, 2026, 11:30 AM (IST) – Board meeting to consider unaudited Q1 FY2026 standalone and consolidated results.

Key Agenda Items

• Consider, review and approve the unaudited standalone and consolidated results for Q1 ended June 30, 2026.

Other Notes

• Trading window closed from July 01, 2026 until 48 hours after the unaudited results declaration.