Sasken Technologies and JOYNEXT, a respected Tier1 player in the automotive industry, announced a strategic partnership to collaborate on the development and launch of cutting-edge platforms for both in-vehicle systems (navigation, digital cockpit and 5G telematics) and off-vehicle cloud and digital services leveraging emerging technologies for the automotive industry.Sasken and JOYNEXT will leverage their complementary expertise, global presence, and strong ecosystems to deliver innovative and integrated solutions to the automotive industry. This collaboration will enable faster time to market with the best IPs and provide unparalleled support throughout the product development process. By combining JOYNEXT`s proven advanced automotive solutions with Sasken`s innovative automotive hardware and software capabilities, including chip-tocloud cognitive engineering, connected car solutions, optimised edge computing solutions, computer vision, generative AI, and cybersecurity, the partnership aims to address the complex needs of the automotive market while delivering enhanced customer experiences.The partnership began with a multi-year collaboration focused on automotive software maintenance for navigation and ASPICE compliance. It also includes the definition and implementation of enhancements for new products to keep pace with evolving Software Defined Vehicle (SDV) architectures. Sasken will drive the initiative to address EV challenges such as range anxiety, compatibility with navigation ecosystem players, increasing driver confidence by incorporating realtime data on charging points, driving terrains and integration with ADAS systems. Proprietary algorithms will optimise battery range for safer, more efficient journeys. Powered by Capital Market - Live News

Net profit of Sasken Technologies declined 43.20% to Rs 17.75 crore in the quarter ended December 2023 as against Rs 31.25 crore during the previous quarter ended December 2022. Sales declined 21.45% to Rs 96.44 crore in the quarter ended December 2023 as against Rs 122.77 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales96.44122.77 -21 OPM %4.9823.65 - PBDT22.8540.31 -43 PBT21.0438.64 -46 NP17.7531.25 -43 Powered by Capital Market - Live News

Sasken Technologies will hold a meeting of the Board of Directors of the Company on 23 January 2024.Powered by Capital Market - Live News

Sasken Technologies announced that the Board of Directors of the Company at its meeting held on 20 October 2023, has recommended a Interim dividend of Rs.12 per share (i.e.120%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Sasken Technologies declined 49.67% to Rs 18.08 crore in the quarter ended September 2023 as against Rs 35.92 crore during the previous quarter ended September 2022. Sales declined 14.58% to Rs 102.51 crore in the quarter ended September 2023 as against Rs 120.01 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales102.51120.01 -15 OPM %14.2225.06 - PBDT24.8245.79 -46 PBT22.9744.07 -48 NP18.0835.92 -50 Powered by Capital Market - Live News