Information technology company Coforge reported over 31 percent rise in consolidated net profit for the October-December period at Rs 238 crore from Rs 181 crore in the September quarter of FY24.
The company's revenue increased almost two percent sequentially to Rs 2,323 crore, up from Rs 2,276 crore in the September quarter. In dollar terms, revenue came at $282 million as against $278.1 million in the previous quarter.
Employee benefit expenses dropped by 5.2 percent sequentially to Rs 1,345 crore in the December quarter.
The company recorded a total order intake of $354 million in Q3, including three large deals, marking the eight consecutive quarter where order intake remained steady above $300 million.
The Coforge order book, executable over the next 12 months stood at $974 million, reflecting a 15.8 percent jump on year. The company also added seven new clients during the quarter under review.
Headcount at the end of the quarter decreased marginally by 38 employees to 24,607 sequentially, while attrition at 12 percent dropped 90 basis (bps) points on-year and remained among the lowest in the IT industry.
The Coforge management also retained its revenue growth guidance of 13-16 percent in constant currency terms for FY24. The IT company recorded an improvement in its EBITDA margin, which increased 39 bps sequentially to 18 percent in October-December.
The company's board has approved a second interim dividend of Rs 19 apiece, with February 2 as the record date.
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