Sasken Technologies Shares Surge 20% to Hit New High Following Strong Q4 Results and Dividend Announcement
Sasken Tech zooms 20% to hit new 52-wk high post Q4; ₹13 dividend declared
Business StandardImage: Business Standard
Sasken Technologies' shares soared nearly 20% to a new 52-week high of ₹1,955.30 after reporting a 125% year-on-year revenue growth in Q4 FY26 and declaring a ₹13 final dividend. The stock has gained 34% over the last two trading days, outperforming the market significantly.
- 01Sasken Technologies' shares hit a 52-week high of ₹1,955.30, rising nearly 20%.
- 02The company reported a 125% increase in Q4 FY26 revenues to ₹334.02 crore.
- 03Net profit for Q4 FY26 reached ₹26.98 crore, up 125% from the previous year.
- 04Sasken declared a final dividend of ₹13 per equity share for FY26.
- 05The stock has outperformed the benchmark index, gaining 51% in the past month.
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Sasken Technologies, a prominent provider of product engineering and digital transformation services, saw its shares rise nearly 20% to reach a new 52-week high of ₹1,955.30 on the Bombay Stock Exchange (BSE). This surge occurred amid a generally weak market, with the stock gaining 34% over the past two trading days. In Q4 FY26, the company reported consolidated revenues of ₹334.02 crore, marking a 125% year-on-year increase, while net profit also rose to ₹26.98 crore, reflecting a 125% improvement from the previous year. The company's earnings before interest and taxes (Ebit) grew significantly, with an Ebit margin of 6.8%. For the entire fiscal year, Sasken's profit reached ₹58.65 crore, up 16.1% year-on-year, and its consolidated revenue more than doubled to ₹1,113.17 crore. The board has recommended a final dividend of ₹13 per equity share, pending approval at the Annual General Meeting. The management aims to enhance its market position through investments in innovative technologies and expansion across industries.
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The surge in share price and dividend declaration may positively influence investor sentiment and attract more investments, benefiting shareholders.
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