coforge: Coforge Q4 profit jumps 56% to Rs 208 crore

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IT companies Coffers For the fourth quarter ended March 31, 2022, the consolidated net profit stood at Rs 207.7 crore. The company had earned Rs 133 crore in the same period a year ago.
Revenue from operations increased from Rs 1,281.5 crore in the quarter 2020-21 to Rs 1,742.9 crore in the quarter.
For the year ended March 31, 2022, profits increased by 45.23 per cent to Rs 661.7 crore from Rs 455.6 crore in 2020-21.
At the end of 2020-21, the annual consolidated revenue from operations increased by about 38 per cent to Rs 6,432 crore from Rs 4,662.8 crore.
Coforge said in a statement that the firm expects growth of about 20 percent in fiscal year 2023.
“FY22 was a landmark year for the firm and performance data speaks for itself. Revenue grew 38 percent, EBITDA 42 percent and PAT increased 45 percent. The firm is now focusing on building a পথ 2 billion accelerated growth path. Said.
The company had a total order of $ 1.15 billion a year, about Rs 8,677 crore.
In the quarter, Coforge said it had a total order book of $ 720 million, which could be rolled out over the next 12 months. Order acceptance was $ 301 million. Coforge said it had the lowest attrition rate in the industry at 17.7 percent.

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