Sasken Technologies has released its financial results for the quarter ending in September, showing consolidated revenue of ₹135.03 crores, reflecting a sequential growth of 9.5%. Following its acquisition of Sasken Silicon six months ago, the company is increasing its emphasis on silicon design, according to Rajiv C. Mody, Chairperson, MD & CEO of Sasken Technologies Ltd.
Mody noted, “We are committed to advancing our product engineering and digital services, specifically in the embedded systems product engineering sector and related digital practices. Our focus spans six verticals: semiconductors, consumer electronics, SATCOM, networks, automotive, and industrial, with a new emphasis on silicon design.”
In the previous quarter, Sasken invested in Anups Silicon Services Private Limited (ASSPL), enhancing its capabilities in IP and engineering to provide chip design solutions and foundry services. The company invested ₹33.20 crores to acquire a 60% equity stake in ASSPL, which subsequently became a subsidiary.
The integration of Sasken Silicon is progressing well, with teams becoming key contributors to the company’s semiconductor offerings. The recent quarter also saw the team secure projects in silicon design and service. “This strategic acquisition is broadening our capabilities and positioning us to deliver innovative solutions for our current and future clients,” the company stated.
Mody expressed optimism about the future of Sasken Silicon, emphasizing that silicon design and foundry services are crucial in today’s landscape. He remarked that disruptions in the semiconductor supply chain during the COVID-19 pandemic highlighted the need for robust supply chain management. He noted a shift where system companies are beginning to create their own silicon, emphasizing the importance of software in silicon’s value.
He elaborated on the challenges of supporting software for long-lasting products, such as cars, which typically require support for five to six years. Mody highlighted that the complexities involved in these processes are driving significant market changes, with analog technology becoming increasingly important due to the reliance on sensors.
The company is also optimistic about its presence in Japan. Mody stated that building strong relationships with Japanese customers has been a priority, leading to investments aimed at establishing a focused presence in the Japanese market.
During the last quarter, Sasken achieved successes in several new areas, including SDV platform development for a semiconductor leader, telematics integration on new chipsets for a Japanese Tier-1, and ADAS development and testing for a European Tier-1 supplier.
Regionally, North America accounted for 37% of Sasken’s revenue, followed by EMEA at 27%, India at 26%, and APAC at 10%, which grew from 7% in the previous quarter. For Q2FY25, the consolidated profit after tax (PAT) was reported at ₹12.29 crores, a decrease of 30.5% from the previous quarter.
However, consolidated revenues showed a year-on-year growth of 31.7% compared to Q2FY24. The consolidated EBIT for the quarter was ₹0.91 crores, reflecting a sequential decline of 58.7% from the previous quarter and a year-on-year decrease of 92.9% compared to Q2FY24.
Sasken is a prominent provider of Product Engineering and Digital Transformation services, supporting industries such as Automotive, Consumer Electronics, Telecom, and Transportation. Over the past 30 years, the company has transformed the operations of more than 100 Fortune 500 companies, impacting over a billion devices worldwide through its services and intellectual property.
