Coforge Q4 net profit down 67.72% at Rs 37.90 cr
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The company reported standalone net profit of Rs 37.90 crore for the quarter ended March 31, 2021 as compared to Rs 117.40 crore in the same period last year, registering a year-on-year decline of 67.72 per cent. Net revenue of the company rose moderately by 10.23 per cent at Rs 615.20 crore in January-March quarter of this fiscal as against Rs 558.10 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 13.72 per cent to Rs 558.80 crore from Rs 491.40 crore in year ago period. Other Income dipped by 81.13 per cent at Rs 15.70 crore versus (Mar'20 Rs 83.20 crore).
Operating Profit slipped by 15.44 per cent to Rs 56.40 crore as against Rs 66.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.26 per cent in March quarter. Interest declined by 58.33 per cent y-o-y to Rs 1.00 crore, while Taxation increased by 22.08 per cent at Rs 9.40 crore (Mar'20 Rs 7.70 crore).
