As compared with Q3 FY23, the company's net profit and revenue were higher by 4.29% and 13.01%, respectively.

Profit before tax was at Rs 294.4 crore in quarter ended 31 December 2023 (up 22.31% QoQ and down 4.23% YoY).

EBITDA increased by 15.5% QoQ and 11% YoY to Rs 401.2 crore in the third quarter of FY24. EBITDA margin stood at 17.3% in Q3 FY24 as against 15.3% in Q2 FY24 and 17.6% in Q2 FY23.

In dollar terms, the company's revenue was $282 million, up 1.4% QoQ and up 12% YoY. In constant currency (CC) terms, revenue was higher by 12% YoY.

In Q3 FY24, the company's order intake was $354 million. Total order book executable over the next 12 months at $974 million, up 15.8% YoY. 7 new clients were added during the quarter.

Headcount at the end of the quarter was at 24,607, addition of 1,383 people during the current fiscal. LTM attrition improved to 12.1% in Q3 FY24 as against 15.8% posted in Q3 FY23.

Meanwhile, the company’s board has declared third interim dividend of Rs 19 per equity share for FY24. The record date for the same is fixed on 5 February 2024.

Coforge is a global digital services and solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. The firm has a presence in 21 countries with 26 delivery centers across nine countries.

Shares of Coforge declined 0.53% to Rs 6,244.30 on the BSE.