The IT sector has become a significant economic driver for India, contributing 7 percent to the GDP in FY24. According to reports, the IT industry is expected to reach USD 350 billion by 2026, contributing 10 percent to the GDP. Exports from the Indian IT services industry stood at USD 199 billion in FY24.
The AI market in India has also been expanding exponentially and is projected to grow at a CAGR of 20.2 percent to reach USD 7.8 billion by 2025 from USD 3.1 billion in 2020.
Price Action
The shares of Saksoft Ltd, with a total market capitalization of Rs 2,162.18 Crores on Friday, were trading at Rs 163 per share, which was 1.2 percent lower than the previous closing price of Rs 165. The shares generated strong returns of 134 percent in the past three years and an impressive 1,016 percent return in the past five years.
Future Outlook
The company aims for USD 500 million in Revenues by FY2030, with 13 percent Revenue CAGR, and their Profits to grow at CAGR of 20 percent over 10 years.
Management Guidance
The management aims for a revenue target of Rs 1,000 Crores for FY25, with an expectation to end the year toward the lower end of the guidance range, which would be around Rs 870 Crores. The company is focusing on becoming an AI-led software engineering company, with a strategic shift to build capabilities in this area.
The Management also expressed optimism for Q4FY25 and FY26 with expectations of continued growth. They are confident about entering the next year positively with a good order book.
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Strategic Partnerships & Acquisitions
In February 2025, Saksoft partnered with Cleo, a global leader in the Ecosystem Integration software category and provider of the Cleo Integration Cloud (CIC) platform. This partnership aims to empower Saksoft customers in the Logistics industry with CIC, enabling them to harness EDI and API automation alongside real-time data visibility.
In December 2024, the company acquired a 100 percent stake in Zetechno Products and Services Private Limited. This acquisition will help elevate and strengthen Saksoft’s capability on the ServiceNow platform-related services and in the areas of IT Service Management.
Financials
The company reported a 17.63 percent YoY growth in Revenue from operations from Rs 193 Crores in Q3FY24 to Rs 227 Crores in Q3FY25. Their Net Profits grew by 19.88 percent YoY from Rs 23 Crores to Rs 27 Crores over the same period.
Segment Revenue
As of 9MFY25, the majority of the company’s Revenue comes from the Hitech, Media, and Utilities segment at 42 percent, while the Fintech segment contributes 31 percent, 16 percent of revenue from the Transport and logistics segment, and the Retail segment contributes 11 percent of the overall revenue.
About Saksoft Ltd
Saksoft is a digital transformation solution partner for clients across the globe. Its custom-developed, cloud-enabled enterprise application and omnichannel solutions allow businesses to access real-time information.
It offers augmented analytics solutions using Artificial Intelligence/ Machine Learning and Natural Language Processing. Its key business verticals include fintech, healthcare, logistics and transportation, retail e-commerce, telecommunications, and the public sector.
Written By Adhvaitha Nayani
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