This article first appeared on GuruFocus .
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Quarterly Revenue:INR249 crores, 4% year-on-year growth, 0.8% decrease quarter-on-quarter.
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Quarterly EBITDA:INR45 crores, 24% year-on-year growth, EBITDA margin at 18.19%.
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Quarterly Net Profit:INR36 crores, 20% year-on-year growth, profit after tax margin at 14.44%.
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Annual Revenue:INR1,007 crores, 14% year-on-year growth.
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Annual EBITDA:INR187 crores, 28% year-on-year growth, EBITDA margin at 18.57%.
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Annual Net Profit:INR133 crores, 23% year-on-year growth, profit after tax margin at 13.23%.
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Geographical Revenue Split:Americas 50%, Europe 29%, Asia Pacific and others 21%.
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Revenue by Vertical:Banking and financial services 31%, emerging verticals 47%, logistics 14%, digital commerce 8%.
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Customer Metrics:16 customers with USD1 million+ revenue.
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Employee Count:2,494 total employees, 2,277 technical, 83% utilization excluding trainees.
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Net Cash and Bank Balance:INR223 crores as of March 31, 2026.
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Warning! GuruFocus has detected 2 Warning Signs with BOM:590051.
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Release Date: May 26, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
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Saksoft Ltd ( BOM:590051 ) achieved a significant milestone by crossing INR1,000 crores in annual revenues for the financial year 2026.
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The company reported a healthy year-on-year EBITDA growth of 28%, with margins improving to 18.57%.
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Saksoft Ltd ( BOM:590051 ) has a strong sales pipeline, described as the strongest in the company's history.
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The company is strategically investing in AI capabilities and accelerators to enhance its service offerings and client engagement.
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Saksoft Ltd ( BOM:590051 ) has a positive net cash and bank balance of INR223 crores, indicating strong cash generation and liquidity to support growth initiatives.
Negative Points
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Customer decision-making cycles have become elongated due to uncertainties around AI, affecting growth momentum.
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Sequential revenue growth has been flat in recent quarters, with a slight decrease of 0.8% quarter-on-quarter in Q4 FY26.
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There is potential margin compression due to customer expectations of lower contract prices as AI productivity increases.
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The company faces challenges in customer adoption of AI, which could impact the pace of growth and revenue realization.
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Saksoft Ltd ( BOM:590051 ) relies heavily on a small number of clients, with 58% of revenue coming from just 10 clients, posing a risk of client concentration.
Q & A Highlights
Q: We've seen flattish sequential growth in the past two quarters. Can you explain the reasons and whether growth will pick up in FY27? A: Growth is picking up, but customer decision-making is delayed due to AI-related uncertainties. Our pipeline is strong, and we expect decision-making to improve in Q1 and Q2 of FY27, leading to steady growth. (Aditya Krishna, Executive Chairman and Managing Director)
Q: Are there any plans for acquisitions, and what would be the size of such acquisitions? A: We aim for acquisitions with a top-line of up to 100 crores, funded through internal accruals and possibly some borrowing. We are actively looking, but nothing is confirmed for this quarter. (Aditya Krishna, Executive Chairman and Managing Director)
Q: With AI adoption, will there be cannibalization of current revenue, or will it complement existing services? A: There will be contract cannibalization, but not in total spending. AI will improve margins by reducing the number of people required, as AI agents replace some human roles. (Aditya Krishna, Executive Chairman and Managing Director)
Q: Which verticals present the biggest opportunities over the next three years? A: Emerging verticals, particularly high-tech and telecom, show significant growth potential, followed by banking and financial services (BFS). (Aditya Krishna, Executive Chairman and Managing Director)
Q: How is the pipeline compared to previous periods, and what sectors are contributing to it? A: The pipeline is at an all-time high of USD 25 million, up from USD 5 million six months ago, driven by large deals across various sectors, except digital commerce. (Aditya Krishna, Executive Chairman and Managing Director)
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
