Cigniti Technologies gains on reporting 2- fold jump in Q4 consolidated net profit
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Cigniti Technologies is currently trading at Rs. 869.00, up by 10.05 points or 1.17% from its previous closing of Rs. 858.95 on the BSE.
The scrip opened at Rs. 879.95 and has touched a high and low of Rs. 880.50 and Rs. 815.45 respectively. So far 22890 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 901.45 on 02-May-2023 and a 52 week low of Rs. 336.30 on 17-May-2022.
Last one week high and low of the scrip stood at Rs. 901.45 and Rs. 780.00 respectively. The current market cap of the company is Rs. 2374.08 crore.
The promoters holding in the company stood at 34.61%, while Institutions and Non-Institutions held 5.13% and 60.26% respectively.
Cigniti Technologies has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 3- fold jump in its net profit at Rs 28.97 crore for the quarter under review as compared to Rs 9.18 crore for the same quarter in the previous year. Total income of the company increased by 47.61% at Rs 190.56 crore for Q4FY23 as compared to Rs 129.10 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 2- fold jump in its net profit at Rs 49.24 crore for fourth quarter ended March 31, 2023 as compared to Rs 22.60 crore for the same quarter in the previous year. Total income of the company increased by 22.69% at Rs 428.64 crore for Q4FY23 as compared to Rs 349.37 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported over 2- fold jump in its net profit at Rs 101.72 crore as compared to Rs 39.26 crore for the previous year. Total income of the company increased by 51.24% at Rs 709.99 crore for year under review as compared to Rs 469.46 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 83.48% rise in its net profit at Rs 168.32 crore as compared to Rs 91.74 crore for the previous year. Total income of the company increased by 32.43% at Rs 1662.30 crore for year under review as compared to Rs 1255.24 crore for year ended March 31, 2022.
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