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Revenue reached ₹423.7 Cr (+23.4% YoY), beating consensus by 4.2pp. Enterprise contributed 68%, led by BFSI and healthcare verticals.
p.14 · §3.2 · chart 3.2.1Three key risks: margin pressure (R&D ₹42 Cr), client concentration (top 5 = 34%), and 22% USD exposure.
p.42 · §7.1 · Annex BTrusted by 10,000+ professionals and teams worldwide
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Consolidated revenue for Q3 FY2024 reached ₹423.7 crore, a year-on-year growth of 23.4% vs ₹343.2 crore in Q3 FY2023. Exceeded analyst consensus by 4.2pp. p.14
Enterprise segment revenues surged to ₹289 crore (68.2% of revenue), driven by BFSI and healthcare verticals. Retention 94.7%. chart 3.2.1
Operating margins contracted 120bps to 18.3% on elevated R&D investment (₹42 Cr). p.38
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