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Coforge Q1 net profit up 54 7% to ₹123 6 crore - The Hindu BusinessLine
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Coforge share hits all-time high on robust Q4 earnings
Coforge share hit all-time high of Rs 3,448 against previous close of Rs 2,892.45 on BSE
BusinessToday.In | May 6, 2021 | Updated 16:13 IST
Coforge stock stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Coforge share rose over 19 percent intraday on May 6 after the company declared its Q4 earnings. The IT stock hit all-time high of Rs 3448 against previous close of Rs 2,892.45 on BSE.
The share of the firm , formerly known as NIIT Technologies, has gained 20.79% in the last 2 days. Coforge stock stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. Later, the share closed 17.10% or Rs 504 higher at Rs 3,397 on BSE. Market cap of the firm stood at Rs 20,522 crore.
Coforge Q4 net profit jumps 17% to Rs 133 crore
Coforge Q4 net profit jumps 17% to Rs 133 crore
New Delhi, May 6: IT firm Coforge Ltd, formerly known as NIIT Technologies, on Thursday reported a 17 per cent rise in consolidated net profit at Rs 133 crore in the three months ended March 2021.
The company had posted a net profit of Rs 113.6 crore in the year-ago period, Coforge said in a regulatory filing.
Its consolidated revenue from operations rose 13.7 per cent to Rs 1,261.5 crore in the fourth quarter of the last fiscal. The same stood at Rs 1,109.3 crore in the year-ago period.
“The company is planning for an organic growth of at least 17 per cent in constant currency terms during FY’22 and an expansion of EBITDA margin (excluding ESOP and acquisition related costs) from 18 per cent in FY’21 to 19 per cent in FY’22,” Coforge said in a statement.
IT firm Coforge Ltd (formerly NIIT Technologies) on Thursday reported a 1.1 per cent decline in consolidated net profit to Rs 122 crore for the December quarter. The company had posted a net profit of Rs 123.3 crore in the year-ago period, Coforge said in a regulatory filing. However, its consolidated revenue from operations rose 10.9 per cent to Rs 1,190.6 crore in the quarter under review from Rs 1,073.4 crore in the year-ago period, it added. On a sequential basis, Coforge s net profit was higher by 1 per cent from Rs 120.7 crore in the September 2020 quarter, while revenue from operations was up by 3.2 per cent from Rs 1,153.7 crore.
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