Cigniti Technologies shares drop 5% as Q1 net profit falls 10% QoQ to Rs 65.9 crore
Shares of Cigniti Technologies fell around 5% in morning trade on Thursday after the company announced its Q1 FY26 results, which showed only a marginal revenue growth and a dip in net profit. As of 9:36 AM, the shares were trading 5.10% lower at Rs 1,653.30.
The company's consolidated revenue came in at Rs 534 crore, just 0.8% higher than the previous quarter's Rs 530 crore. Operating profit (EBIT) stayed largely unchanged at Rs 81.5 crore, with margins holding steady at 15.3%.
However, the drag came from the bottom line, as net profit declined nearly 10% QoQ to Rs 65.9 crore, down from Rs 73.2 crore in the previous quarter.
While the company has managed to maintain healthy margins, the muted growth and profit slip seem to have weighed on investor sentiment.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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