Coforge Ltd.

Coforge has reported results for fourth quarter (Q4) and year ended March 31, 2023.

Coforge has reported 33.78% rise in its net profit at Rs 241.20 crore for the quarter under review as compared to Rs 180.30 crore for the same quarter in the previous year. Total income of the company increased by 41.12% at Rs 1,386.80 crore for Q4FY23 as compared to Rs 982.70 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported fall of 48.09% in its net profit at Rs 116.70 crore for fourth quarter ended March 31, 2023 as compared to Rs 224.80 crore for the same quarter in the previous year. However, total income of the company increased by 23.02% at Rs 2,172.60 crore for Q4FY23 as compared to Rs 1,766.10 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 13.65% rise in its net profit at Rs 732.50 crore as compared to Rs 644.50 crore for the previous year. Total income of the company increased by 29.75% at Rs 4,818.40 crore for year under review as compared to Rs 3,713.70 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 4.25% rise in its net profit at Rs 745.10 crore as compared to Rs 714.70 crore for the previous year. Total income of the company increased by 24.56% at Rs 8,076.50 crore for year under review as compared to Rs 6,483.80 crore for year ended March 31, 2022.