Coforge reports 17% rise in Q4 consolidated net profit

06 May 2021 Evaluate

Coforge has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a fall of 67.72% in its net profit at Rs 37.90 crore for the quarter under review as compared to Rs 117.40 crore for the same quarter in the previous year. Total income of the company decreased by 1.62% at Rs 630.90 crore for Q4FY21 as compared Rs 641.30 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 17.08% in its net profit attributed to the owners at Rs 133 crore for the quarter under review as compared to Rs 113.60 crore for the same quarter in the previous year. Total income of the company marginally increased by 12.96% at Rs 1278 crore for Q4FY21 as compared Rs 1131.40 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 43.22% in its net profit at Rs 239.90 crore as compared to Rs 422.50 crore for the previous year. However, total income of the company increased by 0.10% at Rs 2518 crore for year under review as compared to Rs 2515.60 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a rise of 2.61% in its net profit attributed to the owners at Rs 455.60 crore as compared to Rs 444 crore for the previous year. Total income of the company increased by 10.44% at Rs 4695.40 crore for year under review as compared to Rs 4251.60 crore for year ended March 31, 2020.

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