Coforge soars on reporting 20% rise in Q3 consolidated net profit
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Coforge is currently trading at Rs. 4221.20, up by 254.80 points or 6.42% from its previous closing of Rs. 3966.40 on the BSE.
The scrip opened at Rs. 4002.10 and has touched a high and low of Rs. 4240.10 and Rs. 4002.10 respectively. So far 26305 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5403.25 on 20-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4240.10 and Rs. 3857.15 respectively. The current market cap of the company is Rs. 25466.50 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 48.04% and 11.97% respectively.
Coforge has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported a rise of 44.22% in its net profit at Rs 239.70 crore for the quarter under review as compared to Rs 166.20 crore for the same quarter in the previous year. Total income of the company increased 29.68% at Rs 1247.40 crore for Q3FY23 as compared to Rs 961.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 19.62% in its net profit at Rs 235.90 crore for the quarter under review as compared to Rs 197.20 crore for the same quarter in the previous year. Total income of the company increased 25.54% at Rs 2087.60 crore for Q3FY23 as compared to Rs 1662.90 crore for the corresponding quarter previous year.
