Coforge shares tank 11% as Q2 earnings miss market expectations
The stock ended 6.58 per cent lower at Rs 5,063.15 against the previous close of Rs 5,419.70 on the BSE.
Source: businesstoday.in
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Coforge gallops after Q4 PAT jumps 9% QoQ
Coforge climbed 13.11% to Rs 3,271.70 after the company's consolidated net profit rose 9% to Rs 133 crore on 6% increase in net sales to Rs 1,261.50 crore in Q4 FY21 over Q3 FY20. The firm has reported continued growth-led momentum, with consolidated revenue growing by 7.1% in dollar terms to $172.1 million during Q4 FY21. In constant currency terms, revenue grew 5.1% over the preceding quarter. In rupee terms, revenue rose 6% sequentially and up by 13.7% year-on-year (Y-o-Y) to Rs 1261.50 crore during Q4 FY21. The EBITDA margin (before ESOPs and acquisition related costs) for the quarter un...
Source: business-standard.com