Cigniti Technologies reports the financial results for Q1FY24
Consolidated Revenue Rs. 439.53 crores and Net Profit Rs. 44.56 Cr
Standalone Revenue Rs. 190.30 crores and Net Profit Rs. 27.16 Cr
Consolidated Financial Performance for Q1YF24 v/s Q1FY23 (Corresponding Year)
- Revenue of Rs. 439.53 crore v/s. Rs. 377.97 crore [16.3%]
- Reported EBITDA of Rs. 62.07 crore v/s. Rs. 44.55 crore [39.3%]
- PAT of Rs. 44.56 crore v/s. Rs. 31.00 crore [43.7%]
Consolidated Financial Performance for Q1FY24 v/s Q4FY23 (Sequential Quarter)
- Revenue of Rs. 439.53 crore v/s. Rs. 424.97 crore [3.4%]
- EBITDA reported of Rs. 62.07 crore v/s. Rs. 68.37 crore [-9.2%]
- PAT of Rs. 44.56 crore v/s. Rs. 49.24 crore [-9.5%]
Hyderabad, 28th July 2023: Cigniti Technologies Limited, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, announced the consolidated financial results for the quarter ended June 30, 2023.
For the quarter under consideration, the company’s consolidated revenue from operations stood at Rs. 439.53 crore as against Rs. 424.97 crore in Q4FY23.
EBITDA margin for the June quarter is at 14.1% and stood at Rs. 62.07 crore as against Rs. 68.37 crore in Q4FY23.
The company’s reported Net Profit for Q1FY24 stood at Rs.44.56 crore as against Rs. 49.24 crore in Q4FY23.