Sasken Technologies Limited

==> picture [92 x 57] intentionally omitted <==

BSE Limited Department of Corporate Services – CRD Phiroze Jeejeebhoy Towers, Dalal Street Mumbai-400 001

October 21, 2022

National Stock Exchange of India Limited Exchange Plaza, C-1, Block – G Bandra Kurla Complex, Bandra (E) Mumbai-400 051 By Web Upload

Dear Sir / Ma’am,

Sub: Outcome of the Board Meeting held today from 9.30 am to 4.15 pm Ref: Scrip Code 532663/ SASKEN

Financials

We are enclosing herewith the audited financial results (both standalone and consolidated) of the Company for the quarter and half year ended September 30, 2022 as taken on record at the Board meeting held today.

Please also find enclosed a copy of each of the following documents:

Auditor’s report on (a) standalone and (b) consolidated financial results as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (Listing Regulations).
Media release being issued on this occasion.
Communication to Analysts on Sasken’s Business Performance.

As provided under Regulation 47(1)(b) of Listing Regulations, we will publish the extract of the audited consolidated financial results in the newspapers. The full format of the financial results will be available on the Company’s website (www.sasken.com). We will be uploading the financial results on the Stock Exchanges website, viz. BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com).

2. Interim Dividend

The Board declared an interim dividend of Rs.12 (120%) per equity share of Rs.10 each.

==> picture [126 x 84] intentionally omitted <==

Sasken Technologies Limited

139/25, Ring Road, Domlur, Bengaluru 560071, India T: +91 80 6694 3000, F: +91 80 2535 1133, E: [email protected] CIN: L72100KA1989PLC014226 | www.sasken.com

==> picture [92 x 57] intentionally omitted <==

As intimated vide our letter dated October 12, 2022, Board has fixed November 1, 2022 as the Record date to ascertain the list of shareholders eligible for the aforesaid Interim Dividend and the same will be paid on or before November 18, 2022.

Kindly take the same on record and disseminate this information to public.

Thanking you,

Yours Faithfully For Sasken Technologies Limited PAAWAN Digitally signed by PAAWAN BHARGAVA BHARGAVA Date: 2022.10.21 17:37:59 +05'30' Paawan Bhargava Company Secretary

Encl. as above

SV Tower, No. 27, Floor 4 80 Feet Road, 6th Block, Koramangala Bengaluru 560095, INDIA Tel: +91 80 6811 1600

==> picture [198 x 47] intentionally omitted <==

Independent Auditor’s Report on Quarter and Half year ended Consolidated Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

To the Board of Directors of Sasken Technologies Limited

Report on the Audit of Consolidated Financial Results

Opinion

We have audited the accompanying consolidated financial results of Sasken Technologies Limited (hereinafter referred to as the ‘Holding Company’) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”), for the quarter and half year ended September 30, 2022 (‘the Statement’), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Statement:

(i) includes the results of the following entities:

Sr. No	Name of the Entity	Relationship with the Holding Company
1	Sasken Communication Technologies Mexico S.A. de C.V (‘Sasken Mexico’)	Subsidiary
2	Sasken Finland Oy. (‘Sasken Finland’)	Subsidiary
3	Sasken Inc. (‘Sasken USA’)	Subsidiary
4	Sasken Foundation	Controlled trust
5	Sasken Employees Welfare Trust	Controlled trust

(ii) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
(iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards 34 “Interim Financial Reporting” (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 (“the Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Group for the quarter and half year ended September 30, 2022.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and ICAI’s Code of Ethics.

==> picture [198 x 47] intentionally omitted <==

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Board of Directors’ Responsibilities for the Consolidated Financial Results

This Statement has been prepared on the basis of the interim consolidated financial statements for the quarter and half year ended September 30, 2022. The Holding Company’s Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Ind AS 34 ‘Interim Financial Reporting’, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Boards of Directors either intends to liquidate their respective entities or to cease operations, or have no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

Page 2 of 3

www.mska.in

==> picture [198 x 47] intentionally omitted <==

Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent possible.

For M S K A & Associates Chartered Accountants ICAI Firm Registration No.105047W

SIGN

Pradeep Mysore Suresh Partner Membership No.: 216181

UDIN: 22216181BANNRJ9271 Date: October 21, 2022 Place: Bengaluru

Page 3 of 3

www.mska.in

Sasken Technologies Limited CIN: L72100KA1989PLC014226 139/25, Ring Road, Domlur, Bengaluru - 560 071

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2022

		(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)
Sl. No.	Particulars	Quarter ended			Half year ended		Year ended
		September 30, 2022	June 30, 2022	September 30, 2021	September 30, 2022	September 30, 2021	March 31, 2022
I	Revenue from operations	12,000.54	10,131.98	10,864.86	22,132.52	21,845.35	43,390.73
II	Other income	1,570.73	(566.66)	1,246.80	1,004.07	2,306.69	3,533.36
III	Total income(I+II)	13,571.27	9,565.32	12,111.66	23,136.59	24,152.04	46,924.09
IV	EXPENSES Employee benefits expense Finance costs Depreciation and amortization expense Other expenses	7,216.69 0.65 171.82 1,775.10	6,247.16 0.41 157.96 1,136.75	6,440.72 1.29 167.22 992.60	13,463.85 1.06 329.78 2,911.85	12,974.38 2.80 323.55 2,212.38	25,981.49 4.52 651.18 4,501.72
	Total expenses(IV)	9,164.26	7,542.28	7,601.83	16,706.54	15,513.11	31,138.91
V	Profit before tax(III-IV)	4,407.01	2,023.04	4,509.83	6,430.05	8,638.93	15,785.18
VI	Tax expense: (1) Current tax (2)Deferred tax	814.91 694.64 120.27	499.92 702.60 (202.68)	780.78 873.11 (92.33)	1,314.83 1,397.24 (82.41)	1,510.10 1,723.39 (213.29)	2,960.57 3,158.16 (197.59)
VII	Profit after tax(V-VI)	3,592.10	1,523.12	3,729.05	5,115.22	7,128.83	12,824.61
VIII	Other comprehensive income (OCI) A Items that will not be subsequently reclassified to profit or loss- (i) Remeasurement gain on defined benefit plans (ii) Fair value through investments OCI (iii) Income tax relating to items that will not be subsequently reclassified to profit or loss B Items that will be subsequently reclassified to profit or loss- (i) Net change in fair value of forward contracts designated as cash flows hedges (ii) Exchange differences in translating financial statements of foreign operations (iii) Income tax relating to items that will be reclassified to profit or loss	(426.69) (127.17) (50.16) 37.75 (307.43) (57.59) 77.91	(287.51) 99.99 8.23 (26.11) (464.62) (24.59) 119.59	(201.61) 64.90 (27.00) (13.24) 33.87 (253.71) (6.43)	(714.20) (27.18) (41.93) 11.64 (772.05) (82.18) 197.50	(256.57) 100.68 (9.75) (24.22) (176.80) (192.20) 45.72	(75.61) 119.37 8.25 (3.73) (248.66) (12.64) 61.80
IX	Total comprehensive income (VII+VIII)(comprising profit and other comprehensive income)	3,165.41	1,235.61	3,527.44	4,401.02	6,872.26	12,749.00
X	Paid upequityshare capital(face value: Rs 10per share)	1,505.09	1,505.09	1,505.09	1,505.09	1,505.09	1,505.09
XI	Other equity						63,849.16
XII	Earnings per equity share* (1) Basic (2)Diluted	23.89 23.74	10.13 10.07	24.80 24.80	34.02 33.82	47.43 47.43	85.31 85.22

EPS is not annualized for the quarter and half year ended September 30, 2022, quarter ended June 30, 2022 and quarter and half year ended September 30, 2021.

==> picture [63 x 60] intentionally omitted <==

Sasken Technologies Limited CIN: L72100KA1989PLC014226 139/25, Ring Road, Domlur, Bengaluru - 560 071

AUDITED CONSOLIDATED BALANCE SHEET AS AT SEPTEMBER 30, 2022

AUDITED CONSOLIDATED BALANCE SHEET AS AT SEPTEMBER 30, 2022	AUDITED CONSOLIDATED BALANCE SHEET AS AT SEPTEMBER 30, 2022	AUDITED CONSOLIDATED BALANCE SHEET AS AT SEPTEMBER 30, 2022
(Rs. in lakhs)
Particulars	As at September 30, 2022	As at March 31, 2022
ASSETS (1) Non-current assets Property, plant and equipment Right of use Assets Capital work-in-progress Intangible assets Financial assets (i) Investments (ii) Other financial assets Deferred tax assets (net) Other tax assets	3,795.88 - 3.20 2.36 47,164.09 188.10 1,136.34 4,474.30	3,414.51 24.93 3.03 0.80 50,197.87 112.39 844.80 4,547.31
Total non-current assets	56,764.27	59,145.64
(2) Current assets Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Other bank balances (v) Unbilled revenue (vi) Derivative assets (vii) Other financial assets Contract assets Other current assets	7,122.77 6,658.89 2,474.64 127.41 2,582.55 - 496.81 1,914.04 978.99	3,671.56 8,169.19 1,859.11 164.55 1,853.55 249.61 382.14 671.17 952.51
Total current assets	22,356.10	17,973.39
Total assets	79,120.37	77,119.03
EQUITY AND LIABILITIES Equity Share capital Other equity	1,505.09 66,506.41	1,505.09 63,849.16
Total equity	68,011.50	65,354.25
LIABILITIES (1) Non-current liabilities Provisions	477.56	768.71
Total non-current liabilities	477.56	768.71
(2) Current liabilities Financial liabilities (i) Lease liabilities (ii) Trade payables Outstanding dues to micro and small enterprises Outstanding dues to creditors other than micro and small enterprises (iii) Other financial liabilities (iv) Derivative liabilities Deferred revenue Other current liabilities Provisions Income tax liabilities(net)	- 59.01 1,642.41 1,702.19 535.11 327.11 2,096.59 1,303.06 2,965.83	25.64 102.73 1,464.04 3,437.04 - 178.10 1,944.04 1,482.06 2,362.42
Total current liabilities	10,631.31	10,996.07
Total equity and liabilities	79,120.37	77,119.03

==> picture [63 x 60] intentionally omitted <==

Audited Consolidated statement of cash flows for the half year ended September 30, 2022

(Amount in lakhs, except share and per share data, unless otherwise stated)

Particulars	For the half year ended September 30, 2022	For the half year ended September 30, 2021
Cash flows from operating activities Profit before tax Adjustments for: Depreciation and amortization expense Dividend income Interest income Gain on sale of investments Change in fair value of investments (Profit) / Loss on sale of property, plant and equipment ESOP compensation cost Exchange differences on translation of assets and liabilities Finance charges Allowance for expected credit losses on financial assets Write back of unclaimed balances Others	6,430.05 329.78 (56.41) (307.01) (403.44) 154.36 (2.30) 212.86 (122.96) 1.06 (0.19) - 12.67	8,638.93 323.55 (56.41) (324.13) (76.36) (1,760.86) (9.44) 8.27 101.26 2.80 2.54 116.28 4.87
Operating profit before working capital changes Changes in assets and liabilities: Trade receivables, unbilled revenue & contract assets Other financial assets and other assets Trade payables and deferred revenue Provisions,other financial liabilities(current)and other liabilities	6,248.47 (461.38) (625.18) 283.66 (2,079.63)	6,971.30 (1,084.66) (765.07) (37.60) (240.16)
Cash generated from operating activities Income taxespaid	3,365.94 (164.19)	4,843.81 (736.91)
Net cashgenerated from operating activities(A)	3,201.75	4,106.90
Cash flows from investing activities Interest received Dividend received Proceeds from sale of property, plant and equipment Acquisition of property, plant and equipment Payments to acquire investments Proceeds from sale of other investments (Investment in)/proceeds from bank deposits	158.71 56.41 2.28 (663.01) (22,645.94) 22,435.65 37.14	252.45 56.41 20.86 (190.00) (26,598.12) 21,484.40 2,499.27
Net cash used in investing activities(B)	(618.76)	(2,474.73)
Cash flows from financing activities Dividend paid Lease payments Shares sold bytrust	(1,956.61) (51.63) -	(2,257.63) 49.94 129.39
Net cash used in financing activities(C)	(2,008.24)	(2,078.30)
Net increase /(decrease) in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the period Effect of exchange rate changes on cash and cash equivalents	574.75 1,859.11 40.78	(446.13) 2,075.61 (65.95)
Cash and cash equivalents at the end of the period	2,474.64	1,563.53

==> picture [63 x 59] intentionally omitted <==

NOTES:

The above audited consolidated financial results for the quarter and half year ended September 30, 2022, have been prepared in accordance with Indian Accounting Standards (‘Ind AS’) as prescribed under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended)
The above audited consolidated financial results for the quarter and half year ended September 30, 2022 have been approved by the Board of Directors of the Company at its meeting held on October 21, 2022. The statutory auditors have expressed an unmodified opinion on these consolidated financial results.
Other income includes fair value gain/(loss) on financial instruments measured at fair value through profit and loss aggregating to 1,058.12 and (154.36) lakhs for the quarter and half year ended September 30, 2022 respectively, for the previous quarter (1,212.48) lakhs for the quarter ended June 30, 2022, 992.86 and ` 1,760.86 lakhs for the quarter and half year ended September 30, 2021 respectively.
Segment Reporting

The Chief Executive Officer of the Company has been identified as the Chief Operating Decision Maker (CODM) as defined by Ind AS 108, “Operating Segments”. The Company operates in one segment only i.e. “Software Services”. The CODM evaluates performance of the Company based on revenue and operating income from “Software Services”. Accordingly, segment information has not been separately disclosed.

Dividend

The Board of Directors have declared an interim dividend of Rs.12 per equity share of Rs.10 each for the financial year 2022-23.

For Sasken Technologies Ltd.

Place: Bengaluru

Rajiv C Mody Chairman and Managing Director

Date: October 21, 2022

DIN: 0092037

==> picture [64 x 60] intentionally omitted <==

Sasken Technologies Ltd. Consolidated Key Metrics

==> picture [35 x 22] intentionally omitted <==

	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21
Employee Metrics Employees, period end Total Employees (Consolidated) Engineering Corporate Hiring Metrics Gross Adds Net Adds Attrition % Annualized (Based on Voluntary attrition only) Attrition % LTM (Based on Voluntary attrition only) Revenue by geography - Consolidated (In %) North America EMEA India APAC Client Concentration (In %) Top 5 client contribution to revenues Top 10 client contribution to revenues Relationships with Customers ( TTM ) $1M + clients $3M + clients $10M + clients Utilization, including trainees (In %)*	1,674 1,476 198 444 317 27.2% 28.4% 41.4% 20.5% 31.9% 6.3% 48.0% 68.8% 10 6 - 65.8%	1,357 1,168 189 100 (17) 29.6% 35.5% 29.9% 27.2% 34.0% 8.8% 39.6% 63.9% 12 6 - 72.9%	1,374 1,181 193 159 56 25.6% 36.5% 33.0% 26.0% 32.0% 9.0% 40.0% 63.8% 11 6 - 77.9%	1,318 1,125 193 182 42 39.8% 36.4% 29.0% 25.0% 31.0% 15.0% 45.0% 65.0% 10 6 - 83.4%	1,276 1,094 182 147 (30) 48.6% 34.7% 30.0% 20.0% 33.0% 17.0% 48.0% 69.0% 9 7 - 87.3%	1,306 1,126 180 64 (89) 39.4% 26.8% 33.0% 21.0% 30.0% 16.0% 41.0% 64.0% 9 7 - 85.7%	1,395 1,219 176 61 (49) 23.7% 21.4% 33.0% 17.0% 30.0% 20.0% 40.9% 65.2% 11 6 - 79.6%	1,444 1,259 185 57 (64) 29.5% 23.1% 33.3% 19.9% 28.6% 18.2% 42.3% 64.8% 11 5 - 82.0%	1,508 1,313 195 74 (12) 13.7% 22.0% 33.4% 17.6% 30.2% 18.8% 42.7% 65.4% 12 6 - 81.7%
Revenue Split ( In`Million)
Onsite Offshore	364 836	216 797	219 871	196 867	175 912	214 884	271 835	257 882	226 847
Revenue by Project Type ( In`Million)
Time and Material (including compensation) Fixed Price	831 369	782 231	789 302	786 276	792 294	814 284	818 288	799 340	758 314

==> picture [63 x 59] intentionally omitted <==

SV Tower, No. 27, Floor 4 80 Feet Road, 6th Block, Koramangala Bengaluru 560095, INDIA Tel: +91 80 6811 1600

==> picture [198 x 47] intentionally omitted <==

Independent Auditor’s Report on Quarter and Half year ended Standalone Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Sasken Technologies Limited

Report on the Audit of Standalone Financial Results

Opinion

We have audited the accompanying standalone financial results of Sasken Technologies Limited (‘the Company’) for the quarter and half year ended September 30, 2022 (‘the Statement’), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Statement:

(i) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
(ii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards 34 “Interim Financial Reporting” (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 (“the Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the quarter and half year ended September 30, 2022.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Board of Directors’ Responsibilities for the Standalone Financial Results

This Statement has been prepared on the basis of the interim standalone financial statements for the quarter and half year ended September 30, 2022. The Company’s Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive income in accordance with the recognition and measurement principles laid down in Ind AS 34 ‘Interim Financial Reporting’, prescribed under Section 133 of the Act, read with

www.mska.in

==> picture [198 x 47] intentionally omitted <==

relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Company, as aforesaid.

In preparing the Statement, the Board of Directors of the Company are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors of the Company are responsible for overseeing the financial reporting process of the Company.

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s Internal Control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are

Page 2 of 3

www.mska.in

==> picture [198 x 47] intentionally omitted <==

required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the Statement, including the disclosures and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance of the Company of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

For M S K A & Associates Chartered Accountants ICAI Firm Registration No.105047W

Pradeep Mysore Suresh Partner Membership No.: 216181

UDIN: 22216181BANNCQ2506 Date: October 21, 2022 Place: Bengaluru

Page 3 of 3

www.mska.in

Sasken Technologies Limited CIN: L72100KA1989PLC014226 139/25, Ring Road, Domlur, Bengaluru - 560 071

AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2022

AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED	AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED	SEPTEMBER 30, 2022	SEPTEMBER 30, 2022	SEPTEMBER 30, 2022	SEPTEMBER 30, 2022	SEPTEMBER 30, 2022	SEPTEMBER 30, 2022
		(Rs. in lakhs)
Sl. No.	Particulars	Quarter ended			Half year ended		Year ended
		September 30, 2022	June 30, 2022	September 30, 2021	September 30, 2022	September 30, 2021	March 31, 2022
I	Revenue from operations	9,042.69	8,560.09	9,945.77	17,602.78	19,714.76	38,589.13
II	Other income	2,097.29	(628.34)	1,488.51	1,468.95	2,956.50	4,544.25
III	Total income(I+II)	11,139.98	7,931.75	11,434.28	19,071.73	22,671.26	43,133.38
IV	EXPENSES Employee benefits expense Finance costs Depreciation and amortization expense Other expenses	6,525.16 0.65 149.44 1,195.92	5,495.96 0.41 136.58 958.19	5,882.27 1.29 153.94 710.87	12,021.12 1.06 286.02 2,154.11	11,672.87 2.80 295.47 1,697.05	23,270.21 4.52 586.05 3,647.26
	Total expenses(IV)	7,871.17	6,591.14	6,748.37	14,462.31	13,668.19	27,508.04
V	Profit before tax(III-IV)	3,268.81	1,340.61	4,685.91	4,609.42	9,003.07	15,625.34
VI	Tax expense: (1) Current tax (2)Deferred tax	491.90 353.58 138.32	365.62 568.30 (202.68)	785.44 838.55 (53.11)	857.52 921.88 (64.36)	1,507.14 1,647.01 (139.87)	2,795.24 2,919.41 (124.17)
VII	Profit after tax(V-VI)	2,776.91	974.99	3,900.47	3,751.90	7,495.93	12,830.10
VIII	Other comprehensive income (OCI) A Items that will not be subsequently reclassified to profit or loss- (i) Remeasurement gain / (loss) on defined benefit plans (ii) Investment fair valuation through OCI (iii) Income tax relating to items that will not be reclassified subsequently to profit and loss B Items that will be subsequently reclassified to profit or loss- (i) change in fair value of forward contracts designated as cash flows hedges (ii) Income tax relating to items that will be subsequently reclassified to profit or loss	(369.10) (127.17) (50.16) 37.75 (307.43) 77.91	(262.92) 99.99 8.23 (26.11) (464.62) 119.59	52.10 64.90 (27.00) (13.24) 33.87 (6.43)	(632.02) (27.18) (41.93) 11.64 (772.05) 197.50	(64.37) 100.68 (9.75) (24.22) (176.80) 45.72	(62.96) 119.38 8.25 (3.73) (248.66) 61.80
IX	Total comprehensive income (VII+VIII)(comprising profit and other comprehensive income)	2,407.81	712.07	3,952.57	3,119.88	7,431.56	12,767.14
X	Paid upequityshare capital(face value: Rs 10per share)	1,505.09	1,505.09	1,505.09	1,505.09	1,505.09	1,505.09
XI	Other equity						64,151.39
XII	Earnings per equity share* (1) Basic (2)Diluted	18.45 18.34	6.48 6.44	25.92 25.92	24.93 24.78	49.81 49.81	85.24 85.15

EPS is not annualized for the quarter and half year ended September 30, 2022, quarter ended June 30, 2022 and quarter and half year ended September 30, 2021.

==> picture [64 x 60] intentionally omitted <==

Sasken Technologies Limited CIN: L72100KA1989PLC014226 139/25, Ring Road, Domlur, Bengaluru - 560 071

AUDITED STANDALONE BALANCE SHEET AS AT SEPTEMBER 30, 2022

AUDITED STANDALONE BALANCE SHEET AS AT SEPTEMBER 30, 2022	AUDITED STANDALONE BALANCE SHEET AS AT SEPTEMBER 30, 2022	AUDITED STANDALONE BALANCE SHEET AS AT SEPTEMBER 30, 2022
(Rs. in lakhs)
Particulars	As at September 30, 2022	As at March 31, 2022
ASSETS (1) Non-current assets Property, plant and equipment Right of use assets Capital work-in-progress Intangible assets Financial assets (i) Investments (ii) Other financial assets Deferred tax assets (net) Other tax assets	3,503.90 - 3.20 1.43 49,164.19 164.04 1,118.28 4,090.66	3,191.77 24.93 2.43 0.80 52,197.96 93.00 844.80 4,302.89
Total non-current assets	58,045.70	60,658.58
(2) Current assets Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Other bank balances (v) Unbilled revenue (vi) Derivative assets (vii) Other financial assets Contract assets Other current assets	7,122.77 5,870.47 878.69 17.28 2,134.16 - 496.65 910.49 982.00	3,671.56 7,076.55 1,204.00 16.21 1,466.21 249.61 381.68 671.17 937.65
Total current assets	18,412.51	15,674.64
Total assets	76,458.21	76,333.22
EQUITY AND LIABILITIES Equity Share capital Other equity	1,505.09 65,527.52	1,505.09 64,151.39
Total equity	67,032.61	65,656.48
LIABILITIES (1) Non-current liabilities Financial liabilities Provisions	477.56	768.71
Total non-current liabilities	477.56	768.71
(2) Current liabilities Financial liabilities (i) Lease Liabilities (ii) Trade payables Outstanding dues to micro and small enterprises Outstanding dues to creditors other than micro and small enterprises (iii) Other financial liabilities (iv) Derivative liabilities Deferred revenue Other current liabilities Provisions Income tax liabilities(net)	- 59.01 1,308.96 1,702.19 535.11 89.08 1,930.71 1,044.54 2,278.44	25.64 102.73 1,426.33 3,437.04 - 73.76 1,692.27 1,054.52 2,095.74
Total current liabilities	8,948.04	9,908.03
Total Equity and Liabilities	76,458.21	76,333.22
(0.01)

Sasken Technologies Limited

Audited Standalone statement of cash flows for the half year ended September 30, 2022 (Amount in Rs. lakhs, except share and per share data, unless otherwise stated)

Particulars	For the half year ended September 30, 2022	For the half year ended September 30, 2021
Cash flows from operating activities: Profit before tax Depreciation and amortization expense Interest income Dividend income Dividend income from subsidiary Gain on sale of investments Gain / loss on fair value changes on investments Profit on sale of property, plant and equipment Finance cost Write back of provisions ESOP compensation cost Exchange differences on translation of assets and liabilities Allowance for expected credit losses on financial assets Others Adjustments to reconcile net profit to net cash provided by operating activities	4,609.42 286.02 (304.18) (56.41) (649.28) (403.44) 154.36 (2.30) 1.06 - 212.86 (0.06) (0.19) 12.67	9,003.07 295.47 (321.48) (56.41) (542.78) (76.36) (1,760.86) (9.44) 2.80 41.36 8.27 0.10 2.54 4.87
Operating profit before working capital changes Changes in assets and liabilities: Trade receivables, contract assets and unbilled revenue Other financial assets and other assets Trade payables and deferred revenue Cash generated from operating activities Net cash generated from operating activities (A) Cash flows from investing activities: Interest received Dividends received Dividends received from subsidiary Proceeds from sale of property, plant and equipment Purchase of property, plant and equipment & Intangible assets Payments to acquire investments Proceeds from sale of investments (Investment in)/ proceeds from bank deposits Net cash used in investing activities (B) Cash flows from financing activities Lease payments Dividend paid (including dividend distribution tax) Net cash used in financing activities (C) Net increase / (decrease) in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the period Effect of exchange differences on translation of foreign currency cash and cash equivalents Cash and cash equivalents at the end of the period Provisions, other financial liabilities (current) and other current liabilities Income taxes paid	3,860.53 299.00 (631.50) (145.77) (1,824.71)	6,591.15 (1,628.73) (375.17) (3.87) 116.27
	1,557.55 22.80	4,699.65 (714.90)
	1,580.35 155.58 56.41 649.28 2.28 (574.60) (22,645.94) 22,435.65 (1.07)	3,984.75 238.50 56.41 542.78 27.93 (196.25) (26,550.66) 21,484.40 2,499.77
	77.59 (26.69) (1,956.61)	(1,897.12) 49.92 (2,257.63)
	(1,983.30) (325.36) 1,204.00 0.05	(2,207.71) (120.08) 678.90 (0.09)
	878.69	558.73

==> picture [62 x 59] intentionally omitted <==

NOTES:

The above audited standalone financial results for the quarter and half year ended September 30, 2022, have been prepared in accordance with Indian Accounting Standards (‘Ind AS’) as prescribed under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended)
The above audited standalone financial results for the quarter and half year ended September 30, 2022 have been approved by the Board of Directors of the Company at its meeting held on October 21, 2022. The statutory auditors have expressed an unmodified opinion on these standalone financial results.
Other income includes fair value gain/(loss) on financial instruments measured at fair value through profit and loss aggregating to 1,058.12 lakhs and (154.36) lakhs for the quarter and half year ended September 30, 2022 respectively; (1,212.48) lakhs for the quarter ended June 30, 2022, 992.86 and ` 1,760.86 lakhs for the quarter and half year ended September 30, 2021 respectively.

4. Segment Reporting

Dividend

The Board of Directors have declared an interim dividend of Rs.12 per equity share of Rs.10 each for the financial year 2022-23.

For Sasken Technologies Limited

Place: Bengaluru

Rajiv C Mody Chairman and Managing Director

Date: October 21, 2022

DIN: 0092037

==> picture [64 x 61] intentionally omitted <==

==> picture [91 x 57] intentionally omitted <==

Dear Analyst,

It is my pleasure to highlight the business performance of the Sasken Group for the second quarter of FY 202223, ending September 30, 2022.

We must point out that certain statements made here or those we make subsequently in response to your queries concerning our future growth prospects are forward-looking statements. Please read the Safe Harbor clause in the second slide of our presentation for full details.

Quarter-on -Quarter (Sequential)

Let me begin by walking you through our financials for Q2 Fiscal 2023. In Q2 FY 2022-23, the consolidated revenues for the Sasken Group went up by 18.4% over the previous quarter to ₹ 120.01 crores. Consolidated Earnings before Interest and Taxes for Q2 fiscal ’23 were ₹ 28.37 crores, an increase of 9.5% sequentially. Consolidated PAT for Q2 fiscal ‘23 was at ₹ 35.92 crores, up by 135.8% over the previous quarter. PAT margin for Q2 fiscal ’23 was at 30.0%. Consolidated earnings per share was ₹ 23.89 for the quarter. Cash and investments were approximately ₹ 564 crores as of September 30, 2022.

Quarter-on -Quarter (Comparable quarter of the previous year)

In Q2 FY 2022-23, the consolidated revenues for the Sasken Group went up by 10.5% QoQ to ₹ 120.01 crores. Consolidated Earnings before Interest and Taxes for Q2 fiscal ’23 were ₹ 28.37 crores, a decrease of 13.1% QoQ. Consolidated PAT for Q2 fiscal ‘23 was at ₹ 35.92 crores, down by 3.7% QoQ.

Year on Year (Comparable previous half year)

In H1 FY 2022-23, the consolidated revenues for the Sasken Group went up by 1.3% YoY to ₹ 221.33 crores. Consolidated Earnings before Interest and Taxes for H1 fiscal ’23 were ₹ 54.27 crores, decrease of 14.3% YoY. Consolidated PAT for H1 fiscal ‘23 was at ₹ 51.15 crores, down by 28.2% YoY. PAT margin for H1 fiscal ’23 was at 23.1 %. Consolidated earnings per share, was ₹ 34.02 for H1 FY 2022-23 as against ₹47.43 for H1 FY 2021-22.

People

On the people front, the headcount for the Sasken Group stood at 1,674 as of September 30, 2022. The attrition currently stands at 28.4% for trailing twelve months. As part of our fresher intake program, we have invested in adding Associate Software Engineers (ASE) who graduated in the academic year 2022.

Utilization for the quarter averaged 65.8%, as we are investing to build the platform to support our growth.

==> picture [455 x 35] intentionally omitted <==

==> picture [126 x 84] intentionally omitted <==

Sasken Technologies Ltd.

139/25, Ring Road, Domlur, Bengaluru 560071, India CIN L72100KA1989PLC014226 Tel: +91 80 6694 3000, Fax: 91 80 2535 1133| www.sasken.com

==> picture [91 x 57] intentionally omitted <==

Customers

The total number of active customers stands at 61.

Business highlights - Product Engineering Services

In the Communication & Devices segment, we are winning new business from market adjacencies such as home entertainment solutions, point-of-sale terminals in addition to the smart device segment.

In the area of 5G, we have delivered solutions in Open RAN (Open Radio Access Network) and believe that there are market opportunities that will expand as the adoption of 5G scales globally. At the same time, we continue to strengthen our IoT enablement, application testing and smart factory offerings.

The satellite segment continues to be our forte. A testimony to this is a recent win from one of the largest defence and satellite communication company.

In the automotive domain, we have expanded our business with a tier 1 supplier and are their strategic partner in the areas of integrated cockpit and telematics. Our engagements in the EV segment while yet in the nascent stage have the potential to scale. We have built test frameworks that will help Continuous Integration / Continuous Development (CI/CD) to help tier 1s deliver auto grade software.

The semiconductor segment is likely to witness headwinds. We remain watchful of events that could potentially have an adverse impact. However, we continue to expand market opportunities with leading North America based semiconductor vendors.

Business highlights – Digital

In the digital domain, our focus remains on digitalization and digitization of the manufacturing process for leading companies in the industry 4.0 and automotive domain. We have initiated a new cloud infrastructure engagement with a marquee automotive customer. Work is underway to develop new solutions in cloud based high performance computation including hardware virtualization and validation.

Operational Management

We have commenced an office-first hybrid work model which has been implemented across all locations. Returning to work from the office will enhance the Social Capital, spark better employee engagement, and innovation. Our ASEs are undergoing an immersive learning experience in ‘Arise’, our center dedicated for the campus to corporate transformation. KenMap®, our proven methodology for enhancing the technical and domain competence of our engineers, has resulted in our talent pool being valued as the best in the industry.

Sasken Technologies Ltd.

==> picture [126 x 84] intentionally omitted <==

139/25, Ring Road, Domlur, Bengaluru 560071, India CIN L72100KA1989PLC014226 Tel: +91 80 6694 3000, Fax: 91 80 2535 1133| www.sasken.com

==> picture [91 x 57] intentionally omitted <==

We will continue making investments in people and resources during the rest of the year to create a launchpad for future growth

Dividend

The Board has declared an interim dividend of Rs. 12 per equity share for FY 2022-23 at its meeting held on October 21, 2022 and the same will be paid on or before November 18, 2022.

My team and I are grateful for the trust you have placed in us and wish to assure you of our commitment to do our best for all stakeholders.

==> picture [455 x 75] intentionally omitted <==

Abhijit Kabra Chief Executive Officer Sasken Technologies Limited

Rajiv C Mody

Chairman and Managing Director Sasken Technologies Limited

==> picture [64 x 60] intentionally omitted <==

==> picture [126 x 84] intentionally omitted <==

Sasken Technologies Ltd. 139/25, Ring Road, Domlur, Bengaluru 560071, India CIN L72100KA1989PLC014226 Tel: +91 80 6694 3000, Fax: 91 80 2535 1133| www.sasken.com

==> picture [65 x 41] intentionally omitted <==

Media Release – For Immediate Release

We have commenced our business transformation journey by leveraging our deep technical expertise and creating value accretive deals. To support our future growth, we are investing in people and resources. Correspondingly, a significant number of Associate Software Engineers have been onboarded this quarter. Though these investments will bear fruit in the long term, they can put short-term pressures on our margins over the next couple of quarters. Our recent customer conversations have been encouraging. Consequently, we are confident to scale our business engagements with key accounts, said Rajiv C Mody, Chairman, Managing Director of Sasken.

Sasken has unique strengths in software and hardware across all domains we operate in. We continue to leverage these competencies to enable our clients to achieve specific business outcomes. We will invest in building technology assets of the future, especially in Digital. This forms the core of our new growth strategy, said Abhijit Kabra, Chief Executive Officer of Sasken.

Performance Snapshot for the H1 FY 23

Consolidated Revenues for H1 FY 23 at ₹ 221.33 Crore
Up 1.3 % YoY from H1 FY 22
Consolidated EBIT for H1 FY 23 at ₹ 54.27 Crore
Down 14.3 % YoY from H1 FY 22
Consolidated PAT for H1 FY 23 at ₹ 51.15 Crore
Down 28.2 % YoY from H1 FY 22
PAT Margins for H1 at 23.1 %

Performance Snapshot for the Quarter: Q2 FY 23

Consolidated Revenues for Q2 FY 23 at ₹ 120.01 Crore
Up 18.4 % sequentially over the previous quarter
Up 10.5 % YoY from Q2 FY 22
Consolidated EBIT for Q2 FY 23 at ₹ 28.37 Crore
Up 9.5 % sequentially over the previous quarter
Down 13.1 % YoY from Q2 FY 22
EBIT Margins for the quarter at 23.7 %
Consolidated PAT for Q2 FY 23 at ₹ 35.92 Crore
Up 135.8 % sequentially over the previous quarter

==> picture [63 x 59] intentionally omitted <==

Down 3.7 % YoY from Q2 FY 22
PAT Margins for the quarter at 30.0 %

Key business metrics

Revenue contribution from the Top 5 customers stood at 48.0 % and from the Top 10 customers at 68.8 %
Added 1 new customers during the quarter, taking the total number of active customers to 61.
Consolidated EPS was at ₹ 23.89 for the quarter.

www.sasken.com | Sasken Confidential

==> picture [65 x 41] intentionally omitted <==

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

About Sasken:

Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-tocognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation industries. For over 30 years and with multiple patents, Sasken has transformed the businesses of 100+ Fortune 500 companies, powering more than a billion devices through its services and IP.

Spokesperson:

Swami Krishnan

VP HR, Marketing and Communications

E : [email protected] T : +91 9743979264

Disclaimer on Forward Looking Statements:

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

==> picture [63 x 60] intentionally omitted <==

www.sasken.com | Sasken Confidential

Sasken Technologies Limited CIN: L72100KA1989PLC014226

139/25, Ring Road, Domlur, Bengaluru - 560 071

Extract of audited consolidated financial results of Sasken and its subsidiaries for the quarter and half year ended September 30, 2022

	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)
Sl.No.	Particulars	Quarter ended September 30, 2022	Quarter ended September 30, 2021	Half year ended September 30, 2022	Half year ended September 30, 2021	For the year ended March 31, 2022
1	Total income from operations	13,571.27	12,111.66	23,136.59	24,152.04	46,924.09
2	Net profit for the period (before tax)	4,407.01	4,509.83	6,430.05	8,638.93	15,785.18
3	Netprofit for theperiod after tax	3,592.10	3,729.05	5,115.22	7,128.83	12,824.61
4	Total comprehensive income for the period [comprising profit for the period (after tax) and other comprehensive income (after tax)]	3,165.41	3,527.44	4,401.02	6,872.26	12,749.00
5	Paid upequityshare capital	1,505.09	1,505.09	1,505.09	1,505.09	1,505.09
6	Reserves (excluding revaluation reserve) as shown in the audited balance sheet of FY 22	-	-	-		63,849.16
7	Earnings Per Share (of Rs. 10/- each)*
	1. Basic:	23.89	24.80	34.02	47.43	85.31
	2. Diluted:	23.74	24.80	33.82	47.43	85.22
8	Total income **	11,139.98	11,434.28	19,071.73	22,671.26	43,133.38
9	Profit before tax **	3,268.81	4,685.91	4,609.42	9,003.07	15,625.34
10	Profit after tax **	2,776.91	3,900.47	3,751.90	7,495.93	12,830.10
* EPS is	not annualized for the quarter and half year ended September 30, 2022, quarter ended June 30, 2022 and quarter and half year ended September 30, 2021.

** information pertains to Sasken Technologies Limited on a standalone basis.

Note:

The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the websites of the Stock Exchange(s) and the Company.

==> picture [63 x 60] intentionally omitted <==

AI assistant

Sasken Technologies Limited — Interim / Quarterly Report 2022

60736_rns_2022-10-21_2b4dc0f1-432f-4410-8e69-b77897709ed9.pdf

2. Interim Dividend

To the Board of Directors of Sasken Technologies Limited

Report on the Audit of Consolidated Financial Results

Opinion

Basis for Opinion

Board of Directors’ Responsibilities for the Consolidated Financial Results

Auditor’s Responsibilities for the Audit of the Consolidated Financial Results

AUDITED CONSOLIDATED BALANCE SHEET AS AT SEPTEMBER 30, 2022

Sasken Technologies Limited

Audited Consolidated statement of cash flows for the half year ended September 30, 2022

NOTES:

Sasken Technologies Ltd. Consolidated Key Metrics

To the Board of Directors of Sasken Technologies Limited

Report on the Audit of Standalone Financial Results

Opinion

Basis for Opinion

Board of Directors’ Responsibilities for the Standalone Financial Results

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Sasken Technologies Limited

NOTES:

4. Segment Reporting

Dear Analyst,

Quarter-on -Quarter (Sequential)

Quarter-on -Quarter (Comparable quarter of the previous year)

Year on Year (Comparable previous half year)

People

Sasken Technologies Ltd.

Customers

Business highlights - Product Engineering Services

Business highlights – Digital

Operational Management

Sasken Technologies Ltd.

Dividend

Rajiv C Mody

Media Release – For Immediate Release

Performance Snapshot for the H1 FY 23

Performance Snapshot for the Quarter: Q2 FY 23

Key business metrics

About Sasken:

Spokesperson:

Swami Krishnan

Disclaimer on Forward Looking Statements:

More from Sasken Technologies Limited

Sasken Technologies Limited Interim / Quarterly Report 2022