Consolidated Revenue Rs.307.90 crores and Net Profit Rs. 22.17Cr
Standalone Revenue Rs. 115.72 crores and Net Profit Rs. 9.62 Cr
| Consolidated Financial Performance for Q2FY22 v/s Q2FY21 (Corresponding Year)
· Revenue of Rs. 307.90 crore v/s.Rs. 221.20 crore · EBITDA of Rs.31.92crore v/s.Rs. 44.21 crore · PAT of Rs. 22.17crore v/s.Rs. 25.22 crore Consolidated Financial Performance for Q2FY22 v/s Q1FY22 (Corresponding Quarter) · Revenue of Rs. 307.90crore v/s.Rs. 264.36 crore · EBITDA of Rs. 31.92 crore v/s.Rs. 24.31crore · PAT of Rs. 22.17 crore v/s.Rs. 20.42 crore |
| Consolidated Financial Performance for H1FY22 v/s H1FY21 (Corresponding Year)
· Revenue of Rs. 572.26crore v/s.Rs. 439.60crore · EBITDA of Rs.56.23crore v/s.Rs. 80.27crore · PAT of Rs. 42.59crore v/s. Rs.54.32crore |
Mumbai, October 22, 2021:Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services,announced the consolidated financial results for the quarterended September30, 2021.
The Company’s Consolidated Revenue from operations for the quarter under consideration grew by 16.5% to Rs.307.90crore as against Rs. 264.36crore in Q1FY22.
The company’s Net Profit for Q2FY22 stood at Rs 22.17crore as against Net Profit of Rs 20.42 crore in Q1FY22.
Reported EBIDTA for the September quarter was at Rs 31.92 crore and EBIDTA margin stood at 10.4%.
During the current quarter and six-month period ended September 30,2021, the Company has written off export incentives amounting to Rs. 9.74 crore pertaining to the financial year 2019-2020, pursuant to notification no. 29/2015-2020 dated September 23, 2021, issued by Ministry of Commerce & Industry.The Operational EBITDA margin would have been 13.5 percent if the export incentives had not been written off.
Other income includes net foreign exchange gain of Rs. 1.87 Cr. for the quarter ended September 30, 2021.
Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “We are glad to deliver another quarter of robust numbersand we endeavor to achieve sustainable profitability through new offerings and solutions. I would like to extend my gratitude to the dedicated employees and to our clients for their constant support. The company is confident of growing at an augmentedrate in the coming years.”
Highlights for the quarter ended September 30, 2021
- Revenue from top 5 clients contributed approximately 20.5% of the Revenue
- BFSI, Travel & Transport and Healthcare sectors contributed the most to the revenue for Q1FY22
- Revenue split geographically: North America & Canada – 85%, UK & Europe – 9%, Rest of the World 6%.
Corporate Comm India (CCI Newswire)
