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Consolidated Revenue Rs.377.97 crores and Net Profit Rs. 31.00Cr

Standalone Revenue Rs. 152.23crores and Net Profit Rs. 15.00Cr

Consolidated Financial Performance for Q1YF23 v/s Q1FY22 (Corresponding Year)

* Revenue of Rs. 377.97crore v/s.Rs. 264.36crore [Up 43.0%]
* Reported EBITDA of Rs. 44.55 crore v/s.Rs. 24.31crore [Up 83.2%]
* PAT of Rs. 31.00 crore v/s.Rs. 20.42 crore [Up 51.8%]

Consolidated Financial Performance for Q1FY23 v/s Q4FY22 (Corresponding Quarter)

* Revenue of Rs. 377.97crore v/s.Rs. 344.08crore [Up 9.8%]
* EBITDA reported of Rs. 44.55 crore v/s.Rs. 32.61crore [Up 36.6%]
* PAT of Rs. 31.00 crore v/s.Rs. 22.60crore [Up 37.1%]

Mumbai/Hyderabad:Cigniti Technologies Limited, world’s leading AI & IP-led Digital Assurance and Engineering services company, announced the consolidated financial results for the quarter ended June 30, 2022.
The company’s reported Net Profit for Q1FY23 stood at Rs31.00crore as against Net Profit of Rs22.60 crore in Q4FY22, increased by 37%
The Company’s Consolidated Revenue from operations for the quarter under consideration increased by 10% to Rs377.97crore as against Rs344.08 crore in Q4FY22.
EBIDTA reported for the quarter ended June30, 2022,stood at Rs.44.55crore for the quarter and year ended June 30, 2022, respectively.

Management Commentary

Commenting on the results,Mr. C V Subramanyam, Chairman & MD, said, “Our opening quarter has delivered stupendous numbers and the company’s strong fundamentals is reflected in our growth on multiple parameters. I am happy to update you that we have won few multi-million dollar wins in the quarter and this would further accelerate our growth in the coming quarters. The acquisition of Aparaa Digital (RoundSqr), aleader in specialized AI/ML, Data and Blockchain Engineering services furtherbolsters our digital ambitions towards becoming the world’s leader in Digital Assurance and Digital Engineering services. 
We remain dedicated to our long-term growth goals and retain our focus on profitability built on a sustainable business, ensuring long-term value to all our stakeholders” he added further.

Highlights for the quarter ended June 30, 2022

* Revenue from the top 5 clients contributed approximately 22.34% of the Revenue
* BFSI, Retail & e-commerce and Travel & Transportsectors contributed the most to the revenue for Q1FY23
* Revenue split geographically: North America & Canada – 85%, UK & Europe – 8%, Rest of the World 7%.

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