coforge: Coforge Q4’s profit rises 56% to Rs. 208 crore


IT company Coforge Consolidated net profit rose 56.16 per cent to ₹ 207.7 crore in the fourth quarter ended March 31, 2022. The company had a net profit of Rs. 133 crore profit.
Revenue from operations during the quarter in the same quarter of 2020-21 was Rs. 1,281.5 crore to Rs. 1,742.9 crore.
For the year ended March 31, 2022, profit rose 45.23 per cent to Rs. 661.7 crore which is Rs. 455.6 crore.
At the end of 2020-21, the annual consolidated income from operations was Rs. 4,662.8 crore to Rs. 6,432 crore.
Coforge said in a statement that the company expects about 20 percent growth in fiscal year 2023.
“FY22 was a landmark year for the firm and performance data speaks for itself. Revenue grew 38 percent, EBITDA grew 42 percent and PAT grew 45 percent. The firm is now focusing on a path to rapid growth of up to $ 2 billion. Landmark, ”said Sudhir Singh, Chief Executive Officer.
The company’s total order intake during the year was $ 1.15 billion, about Rs. 8,677 crore.
In the quarter, Coforge said it has a total order book of $ 720 million, which is executable over the next 12 months. Order intake was $ 301 million. Coforge said it has the lowest attrition rate in the industry at 17.7 percent.

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