Coforge Q1FY24 Results: Consolidated PAT of Rs. 165.3 Cr

Coforge Q1FY24 Results: Consolidated PAT of Rs. 165.3 Cr

Coforge Q1 results show revenue up from 2172.6 crores to 2237 crores, a 2.96% increase in growth. EPS rise from ₹18.45 to ₹26.54, up by 43.85%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Coforge shared its Q1 results on Thursday. They earned 2237 crores in revenue this quarter, but that’s more than the 2172.6 crores they made last quarter. The company’s growth increased by 2.96 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 165.3 crores, up from 114.8 crores in the previous quarter. Their quarter-to-quarter growth increased by 43.99 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹26.54, which is an increase of 43.85% from the ₹18.45 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2237 crores this year (2023), which is 21.35 percent higher than last year’s total revenue of 1843.4 crores.

This year’s PAT (Profit After Tax) is 165.3 crores, which is also 10.42% higher than last year’s PAT of 149.7 crores.

The EPS (Earnings Per Share) for this year is ₹26.54, which is 9.94% more than the EPS of ₹24.14 earned last year.

Coforge Share Dividend Announcement / Record Date:

The Board of Directors has declared an Interim Dividend of ₹19 per Equity Share of Face Value of ₹10 each of the Company.

About Coforge :

Coforge, formerly known as NIIT Technologies, is a multinational information technology company with its headquarters in Noida, India, and New Jersey, United States. The company’s shares are listed and traded on both the Bombay Stock Exchange and the National Stock Exchange of India, using the ticker symbol Coforge.

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