Cigniti Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on May 05, 2025.
Awaiting price reaction for this filing.
Cigniti Technologies' board approved audited standalone and consolidated financial results for Q4 and FY25 on May 5, 2025, with auditors S.R. Batliboi & Associates LLP issuing an unmodified opinion. Consolidated revenue from operations grew about 16% YoY to Rs. 53,027.71 lakhs in Q4 and about 11% to Rs. 201,434.09 lakhs for the full year. Consolidated net profit for FY25 rose to Rs. 20,017.42 lakhs (vs Rs. 16,559.20 lakhs in FY24), translating to a basic EPS of Rs. 72.77 (vs Rs. 60.68). The company took an exceptional charge of Rs. 3,004.83 lakhs as a write-off of export incentives for FY15-FY19 following DGFT rejection, though it has filed an appeal. Cash from operations improved to Rs. 15,990.17 lakhs and the balance sheet remains debt-free with Rs. 19,934.73 lakhs in cash. The company is now a subsidiary of Coforge, which holds 54%, and a merger scheme with Coforge is pending NCLT approval.
Strong revenue and profit growth with a clean audit report should be viewed positively, though the Rs. 30+ crore export incentive write-off is a notable one-time drag. Investors should also watch the pending Coforge merger scheme, which could eventually lead to delisting of Cigniti shares.