Coforge Q4 net profit zooms 375.73% at Rs 180.30 cr
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The company reported standalone net profit of Rs 180.30 crore for the quarter ended March 31, 2022 as compared to Rs 37.90 crore in the same period last year, registering a year-on-year growth of 375.73 per cent. Net revenue of the company rose substantially by 43.74 per cent at Rs 884.30 crore in January-March quarter of this fiscal as against Rs 615.20 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 37.01 per cent to Rs 765.60 crore from Rs 558.80 crore in year ago period.
Other Income grew by 526.75 per cent at Rs 98.40 crore versus (Mar'21 Rs 15.70 crore). Operating Profit surged by 110.46 per cent to Rs 118.70 crore as against Rs 56.40 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 46.35 per cent in March quarter. Interest grew by 1400.00 per cent y-o-y to Rs 15.00 crore, while Taxation decreased by 88.30 per cent at Rs 1.10 crore (Mar'21 Rs 9.40 crore).
