Coforge Q1 net profit down 21.61% at Rs 134.60 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 134.60 crore for the quarter ended June 30, 2022 as compared to Rs 171.70 crore in the same period last year, registering a year-on-year decline of 21.61 per cent. Net revenue of the company rose substantially by 31.89 per cent at Rs 971.90 crore in April-June quarter of this fiscal as against Rs 736.90 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 30.47 per cent to Rs 877.90 crore from Rs 672.90 crore in year ago period.
Other Income dipped by 32.83 per cent at Rs 98.60 crore versus (Jun'21 Rs 146.80 crore). Operating Profit surged by 46.88 per cent to Rs 94.00 crore as against Rs 64.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.28 per cent in June quarter. Interest grew by 58.14 per cent y-o-y to Rs 13.60 crore, while Taxation increased by 87.36 per cent at Rs 16.30 crore (Jun'21 Rs 8.70 crore).
