EBITDA improved by 12% to Rs 407.6 crore in Q4 FY23 from Rs 361.5 crore in Q3 FY23. EBITDA margin stood at 18.8% in Q4 FY23.

Profit before tax declined 6.53% to Rs Rs 287.2 crore in Q4 FY23 as against Rs 307.4 crore in Q3 FY23.

As compared with Q4 FY22, the company's net profit declined 44.7% while revenue jumped 24%, respectively.

In dollar terms, the company's revenue was $264.4 million, up 5% QoQ and up 13.8% YoY. In constant currency (CC) terms, revenue was higher by 4.7% QoQ.

In Q4 FY23, the company's order intake was $301 million. Total order book executable over the next 12 months at $869 million. 10 new clients were added during the quarter.

Headcount at the end of the quarter was 23,224 and the LTM attrition improved by 172 bps QoQ to 14.1%.

The firm has upgrade its financial year 2024 annual growth guidance of 13%-16% in constant currency terms, expects a gross margin increase of about 50 bps and adjusted EBITDA margin to be at similar levels as FY23.

Meanwhile, the board has recommended an interim dividend of Rs 19 per share and the record date for this payout will be 9 May 2023.

Sudhir Singh, chief executive officer (CEO), Coforge, said, “We believe that our performance during the quarter was marked by two key achievements. The first was a quarterly sequential US$ growth of 5.0%. The second major landmark has been the firm crossing the US$ one billion revenue mark. Our performance heading in to FY24 sets us up well to deliver robust growth.”

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 25 delivery centers across nine countries.

The scrip rose 1.24% to Rs 3,996.90 on the BSE.