coforge: Coforge Q4 profit jumps 56% to Rs 208 crore – Times of India

IT business Coforge has reported an increase of 56.16 percent in consolidated net profit to Rs 207.7 cror for the fourth quarter ended March 31, 2022. The company had a profit of Rs 133 crore during the same period a year ago.
Revenue from operations during the quarter increased to Rs 1,742.9 from Rs 1,281.5 during the corresponding quarter of 2020-21.
During the year ended March 31, 2022, profit increased by 45.23 percent to Rs 661.7 crore from crore of 455.6 crore in 2020-21.
Annual consolidated income from operations increased by approximately 38 percent to Rs 6,432 crore from Rs 4,662.8 crore at the end of 2020-21.
Coforge says in a statement that the company expects growth of about 20 percent during the financial year 2023.
“FY22 was a milestone year for the company and performance data speaks for itself. Revenue grew 38 percent, EBITDA grew 42 percent and PAT grew 45 percent. The company is now focused on creating an accelerated growth path to a $ 2 billion revenue milestone,” said the CEO. Sudhir Singh.
The company’s total order intake during the year was $ 1.15 billion, approximately Rs 8,677 crore.
During the quarter, Coforge said it had a total order book of $ 720 million, which can be run over the next 12 months. Order intake was $ 301 million. Coforge said it had the lowest graduation rate of 17.7 percent in the industry.

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