announced its April-June quarter results for fiscal 2023-24, reporting a net profit of 165.3 crore, up 10 per cent, compared to 1,829.4 crore in the corresponding period last year, its said in a stock regulatory filing on 20 July. Adjusted EBITDA margin for the quarter stood at 16 percent, while the headcount as of 30 June 2023 stood at 24,224, which is a net addition of 1,000 people during the quarter. “The Board has also declared interim dividend of Rs. 19/-(Rupees Nineteen only) per Equity Share of the Company the face value of Rs. 10/- each fully paid-up, for the financial year 2023-24,” the firm said, adding, the the payment of interim dividend or dispatch of dividend warrants would be done within 30 days from the date of declaration of dividend. Sharing other details, the firm said that the board has fixed 3 August as the ‘Record Date’ for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend. “Exceptional execution by Team Coforge in a testing environment allowed us to deliver another quarter of sustained, robust and profitable growth. The five-year $ 300Mn TCV deal in the BFS space along with another five year $ 65 Mn TCV deal in the same sector underlined the execution rigor of the team. During the quarter we increased our net headcount by 1000 employees to support future growth, fully rolled out the annual salary increments for our employees on April 1st, honored all commitments to onboard campus hires, met our commitment to distribute around 21,500 i-pads to employees to mark our $ 1 Billion milestone and saw attrition drop down to 13.3%. The quarter’s performance sets us up very well for meeting our annual revenue guidance of 13% to 16% cc growth.” said Coforge Ltd’s CEO Sudhir Singh, Chief Executive Officer, Coforge Ltd. Coforge Limited closed trading in on Thursday at Rs. 4812.95, down 63.05 or 1.29 percent as compared to the previous close of Rs. 4876. Related Premium Stories