Coforge shares hits new high on robust Q4 numbers
Published On: Thursday, May 6, 2021 | By: Team KnowMyStock
Shares of Coforge IT firm gained 17 percent intraday on May 6 and hits 52 weeks high of Rs 3449 after the company declared a17 percent 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. Consolidated revenue grew 7.1 percent sequentially in dollar terms to USD 172.1 million during the January-March quarter. Revenue in constant currency (CC) terms grew 5.1 percent over the preceding quarter. In rupee terms, revenue was up by 6 percent sequentially and up by 13.7 percent year-on-year (YoY) at Rs 1,261 crore during Q4FY21. The company’s profit after tax (PAT) for the quarter increased 17 percent year-on-year to Rs 133 crore.
"The company is planning for an organic growth of at least 17 percent in constant currency terms during FY'22 and an expansion of EBITDA margin (excluding ESOP and acquisition-related costs) from 18 percent in FY'21 to 19 percent in FY'22," Coforge said in a statement.The company further said it also sustained its strong order intake momentum during the quarter with two significant deal wins.
The Board recommended an interim dividend of Rs 13 per share. The record date for the payout is May 19, 2021, the company said.
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
