Coforge reported 34.4% jump in consolidated net profit to Rs 201.1 crore on a 7.1% rise in gross revenues to Rs 1959.4 crore in Q2 FY23 over Q1 FY23.
EBITDA improved by 18% to Rs 344.4 crore in Q2 FY23 from Rs 291.8 crore in Q2 FY22. EBITDA margin was 17.6% in Q2 FY23 as against 15.9% in Q1 FY23. The improvement in margins was driven by continued offshoring expansion, utilization uptick, higher contribution from higher margin businesses and operational improvements.