Cigniti Technologies has announced strong financial results for Q3, demonstrating significant growth in both profitability and revenue. The technology services company reported consolidated net profit of ₹80.30 crores, representing a substantial 26.26% increase compared to ₹63.60 crores in the same quarter of the previous year.

Financial Performance Highlights

The company's revenue performance complemented its profit growth, with total revenue reaching ₹580.00 crores in Q3, up 13.73% from ₹510.00 crores recorded in the corresponding quarter last year. This growth trajectory reflects the company's ability to expand its business operations and capture market opportunities effectively.

Growth Analysis

The year-on-year comparison reveals Cigniti Technologies' strong operational performance during the quarter. The company achieved a profit margin improvement, with net profit growing at a faster pace than revenue, indicating enhanced operational efficiency and cost management.

Market Position

These financial results position Cigniti Technologies favorably within the technology services sector. The consistent growth in both revenue and profitability demonstrates the company's ability to maintain competitive advantage while scaling its operations effectively.

The Q3 performance reflects the company's strategic focus on delivering value to clients while maintaining strong financial discipline. With revenue growth of 13.73% and profit growth of 26.26%, Cigniti Technologies has shown its capacity to convert business expansion into enhanced profitability.

WhiteOak Capital Mutual Fund has acquired a significant stake in Cigniti Technologies Ltd, crossing the 5% shareholding threshold that triggers mandatory regulatory disclosures. The mutual fund purchased 1,50,750 equity shares on December 31, 2025, through its various schemes, increasing its total shareholding to 5.45% of the company's issued share capital.

Transaction Details

The acquisition was executed through secondary market purchases, with WhiteOak Capital's total holding increasing from 13,51,338 shares to 15,02,088 shares. This represents an increase from 4.91% to 5.45% of Cigniti Technologies' total equity share capital.

Regulatory Compliance

The acquisition triggered disclosure requirements under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. WhiteOak Capital Asset Management Limited, acting as the investment manager for WhiteOak Capital Mutual Fund, filed the mandatory disclosure with both the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited on January 2, 2026.

Investment Rationale

WhiteOak Capital clarified that the share acquisition was made from an investment perspective and not with the objective of seeking controlling interest in the company. The fund's compliance officer, Sampada Mohite, signed the disclosure documents confirming the investment rationale and regulatory compliance.

Company Background

Cigniti Technologies operates in the IT software sector and is listed on both the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited. The company's total equity share capital stands at 2,75,46,959 equity shares with a face value of ₹10 each, with no changes in the share capital structure following this acquisition.

The transaction represents a strategic investment by WhiteOak Capital Mutual Fund in the IT software space, adding to the fund's portfolio diversification across various schemes. The acquisition was completed entirely through equity shares carrying voting rights, with no involvement of warrants, convertible securities, or other financial instruments.