Cigniti Technologies Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Cigniti Technologies Ltd reported a 1.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 10.6%.
- Its expenses for the quarter were down by 0.9% QoQ and up 6.8% YoY.
- The net profit increased 20.1% QoQ and increased 32.3% YoY.
- The earnings per share (EPS) of Cigniti Technologies Ltd stood at 23.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 525.83 | 517.00 | 475.33 | 1.7% | 10.6% |
Total Expenses | 440.32 | 444.45 | 412.22 | -0.9% | 6.8% |
Profit Before Tax | 85.52 | 72.54 | 63.12 | 17.9% | 35.5% |
Tax | 21.95 | 19.60 | 15.08 | 12.0% | 45.6% |
Profit After Tax | 63.57 | 52.94 | 48.04 | 20.1% | 32.3% |
Earnings Per Share | 23.10 | 19.30 | 17.50 | 19.7% | 32.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Cigniti Technologies Ltd is a global leader in independent quality engineering and software testing services. The company provides a range of services including test automation, functional testing, performance testing, security testing, and more, catering to various industries such as banking, healthcare, and telecommunications. Cigniti Technologies is headquartered in India and has a strong presence in North America, Europe, and the Asia Pacific regions. While the company's recent developments are not specified in the provided data, Cigniti is known for its continuous innovation and for helping clients accelerate their digital transformation processes.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Cigniti Technologies Ltd reported a total income of ₹525.83 crores. This represents a quarter-over-quarter (QoQ) increase of 1.7% from ₹517.00 crores in Q2FY25, and a year-over-year (YoY) growth of 10.6% from ₹475.33 crores in Q3FY24. The consistent revenue growth over the periods reflects the company's ability to enhance its sales performance and possibly expand its market reach or service offerings. The upward trend in total income indicates a positive trajectory in the company's revenue generation capabilities.
Profitability
For Q3FY25, Cigniti Technologies Ltd's profit before tax (PBT) was ₹85.52 crores, marking a significant QoQ increase of 17.9% from ₹72.54 crores in Q2FY25 and a substantial YoY rise of 35.5% from ₹63.12 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) stood at ₹63.57 crores, which represents a robust QoQ growth of 20.1% from ₹52.94 crores in the previous quarter and a remarkable YoY increase of 32.3% from ₹48.04 crores in the same quarter of the previous year. The earnings per share (EPS) for the quarter were ₹23.10, showing a QoQ growth of 19.7% and a YoY growth of 32.0%. These metrics reflect strong profitability performance for the quarter.
Operating Metrics
Total expenses for Cigniti Technologies Ltd in Q3FY25 were ₹440.32 crores, which shows a slight decrease of 0.9% QoQ from ₹444.45 crores in Q2FY25, yet an increase of 6.8% YoY from ₹412.22 crores in Q3FY24. The reduction in expenses on a quarterly basis might suggest efficient cost management during this period. The tax paid in Q3FY25 was ₹21.95 crores, which increased by 12.0% QoQ and 45.6% YoY, aligning with the significant increase in profit before tax. The company's operational and financial metrics indicate strong overall performance, with notable improvements in both revenue and profitability parameters over the assessed periods.
