Cigniti Technologies Reports Strong Q3 FY24-25 Results with Improved Profit Metrics and Sales

Cigniti Technologies has recently reported its financial results for the third quarter of FY24-25, with the announcement made on January 22, 2025. The company has experienced notable developments in its financial metrics, particularly in Profit Before Tax (PBT) and Profit After Tax (PAT). The PBT reached Rs 76.09 crore, reflecting a substantial change compared to the average PBT of Rs 43.07 crore over the previous four quarters. Similarly, the PAT was reported at Rs 63.57 crore, indicating a significant shift from the average PAT of Rs 39.36 crore in prior quarters.
In terms of sales performance, Cigniti's net sales for the quarter amounted to Rs 516.40 crore, marking the highest figure recorded in the last five quarters. The operating profit also reached a notable level of Rs 85.00 crore, accompanied by an operating profit margin of 16.46%, suggesting enhanced operational efficiency. Furthermore, the earnings per share (EPS) increased to Rs 23.27, the highest in the last five quarters, which is a positive indicator for shareholders. The company's cash and cash equivalents also saw an improvement, reaching Rs 187.87 crore, which contributes to its short-term liquidity position.

Overall, Cigniti Technologies has shown a strong financial performance in this reporting period, leading to adjustments in its evaluation.

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