Cigniti Technologies Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
Cigniti Technologies reported consolidated revenue of Rs. 5,342 million for Q1 FY26, up about 14% from Rs. 4,685 million in Q1 FY25. Net profit jumped sharply to Rs. 675 million from Rs. 111 million a year ago, with EPS rising to Rs. 23.94 from Rs. 3.85. The strong PAT growth is partly helped by a low base — Q1 FY25 carried a one-time exceptional charge of Rs. 301 million related to export incentive reversals. On a standalone basis, revenue grew 24% to Rs. 2,627 million and the company swung to a Rs. 448 million profit from a Rs. 72 million loss. The board also approved amendments to the merger scheme with Coforge (which already owns 54%), with stock exchanges issuing no-objection observations, paving the way for NCLT filing under a revised 1:1 share exchange ratio.
The PAT surge reflects operational improvement, though investors should note the comparison is flattered by a one-off charge in the base quarter. The most material development is the progressing merger with Coforge — once completed, Cigniti shareholders will effectively hold Coforge shares at a 1:1 ratio, making Coforge the surviving listed entity.