Cigniti Technologies consolidated Q3FY19 net profit at Rs 28.79 Cr


Hyderabad: Cigniti Technologies Limited, a global leader in independent quality engineering services, announced the consolidated financial results for the third quarter ended December 31, 2018.

The company’s Net Profit for Q3FY19 stood at Rs 28.79 crore as against Net Profit of Rs 8.25 crore in Q3FY18.

The Company’s Revenue from operations for the quarter under consideration stood at Rs 209.97 crore as against Rs 177.13 crore in Q3FY18.

EBIDTA for the December quarter was at Rs 38.70 crore and EBIDTA margin stood at 18.4%.

Other income includes Net foreign exchange loss of Rs. 5.87 Cr. for the quarter ended December 31, 2018 respectively (net foreign exchange gain of Rs. 6.84 Cr. for the quarter ended September 30, 2018) and Export incentive Rs. 12.69 Cr. pertaining to the period from April 2015 to March 31, 2018 recognized in the previous quarter based on the duty scrips grant received.

PAT excluding other income is at Rs. 34.66 crore for the quarter ended December 31, 2018 as against Rs. 30.00 crore for the quarter ended September 30, 2018; an increase of 15% Q-o-Q.