A Software Services Company with a market capitalization of Rs 4,594.60 Crores is up over 14% in today’s trade as of 12:30 PM. It opened with a gap up of over 5 percent signifying optimism among investors after positive Q3FY25 results.
Q3FY25 Results
Cigniti Technologies Ltd reported a 32.3% increase in Net profits Year-on-Year, from Rs 48.04 Crores in Q3FY24 to Rs 63.6 Crores in Q3FY25, and on a quarterly basis, profits increased by 19% from Rs 52.9 Crores in Q2FY25 to Rs 63.6 Crores in Q3FY25.
The company reported an increase of around 10.3% in revenues on a yearly basis from Rs 468 Crores in Q3FY24 to Rs 516.4 Crores in Q3FY25 and revenues grew by 3.4% every quarter, from Rs 499 Crores in Q2FY25 to Rs 516.4 Crores in Q3FY25.
On the operating front, EBIT (Earnings Before Interest and Tax) grew 34 % Year over Year, from 64 Crores to 86 Crores in Q3FY24 and 22 Crores in Q3FY25.
Share Price Movement
The share price of Cigniti Technologies opened over 5% above its previous close of Rs 1490 per share, it is trading around Rs 1688 per share which is over 13% above the previous closing price. Cigniti Technologies’ shares provide fluctuating returns in the market, it provided -8.28% the past month, a positive return over the last 6 months with 23.5%, and a -4% return year to date.
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About Cigniti Technologies Ltd
Cigniti, a Coforge company, is a global leader in AI and IP-driven Digital Assurance and Engineering services. The company specializes in helping organizations across industries fast-track their digital transformation and adopt a Digital-First approach. With a focus on industry-specific, outcomes-driven solutions, Cigniti serves key sectors such as Banking, Retail & E-commerce, Healthcare, and Airlines. Cigniti works with over 215 active clients, including over 50 Fortune 500 companies.
Recent Acquisition Details
In December 2024, Cigniti Technologies Ltd announced its acquisition by Coforge Limited, with Coforge acquiring 59.54 lakh equity shares, representing 21.62% of Cigniti’s expanded share capital. After completing the final tranche, Coforge now holds 1.48 crore equity shares, or 54% of Cigniti’s expanded share capital, becoming its controlling shareholder.
Written by Adhvaitha Nayani
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