On a sequential basis, net profit declined 10.6% while net sales rose 2.7% in Q4FY22 over Q3FY22.

Profit after tax declined 9.51% quarter on quarter and 13.7% year on year to Rs 33.95 crore in Q4 FY22.

The company reported an 12% rise in consolidated net profit to Rs 128.25 crore in financial year ended 2022 over financial year ended 2021. Gross revenue fell 2.5% to Rs 433.91 crore in FY22 over FY21.

Rajiv Mody, Chairman, MD and CEO of Sasken, said, “When I examine our performance, we have performed credibly when it comes to maintaining our profitability despite the extraordinary circumstances that have been globally impacting businesses. While our topline hasn't grown to the extent anticipated, we believe that in fiscal FY22. Sufficient progress has been made to lay the foundation for improving the scalability and continuity of our business. Our customer conversations ascertain the value we provide to them. We strive to scale business engagements with our key accounts.”

Meanwhile, the board of directors has recommended a final dividend of Rs 13 per share for the year ended 31 March 2022.

Furthermore, the company has announced that Neeta S Revankar has resigned from the post of whole time director & chief financial officer of the company with effect from 30 June 2022.

Sasken Technologies is a specialist in product engineering and digital transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in semiconductor, automotive, industrials, consumer electronics, enterprise devices, satcom, telecom, and transportation industries.