Coforge Q4 PAT up 13% QoQ to Rs 207.7 crore

12 May 2022 , 11:27 AM

As compared with Q4 FY21, the companys net profit and gross revenues are higher by 56.2% and 38.2%, respectively. EBITDA improved by 9% to Rs 329.3 crore in Q4 FY22 from Rs 302 crore in Q3 FY22. EBITDA margin was 18.9% in Q4 FY22 as against 18.2% in Q3 FY22. In dollar terms, the companys revenue for the quarter was $232.4 million, up 4.9% QoQ and up 35% YoY. The total order book executable over the next 12 months stood at $720 million. Order intake was $301 million while 12 new client logos were added during the quarter. As of 31 March 2022, total headcount was 22,500. Attrition at 17.7% continues to be amongst the lowest in the industry. The IT firm recorded 45.2% increase in consolidated net profit to Rs 661.7 crore on a 37.9% rise in gross revenues to Rs 6,432 crore in FY22 over FY21. Sudhir Singh, chief executive officer, Coforge, said: ?FY22 was a landmark year for the firm and the performance data speaks for itself. The firm is now focused on carving an accelerated growth path to the $2 billion revenue milestone.? For the fiscal year FY23, the firm issued an annual revenue growth guidance of around 20% and is targeting an adjusted EBITDA margin of 18.5% to 19.0% in constant currency terms. The board has recommended an interim dividend of Rs 13 per share, and the record date for this payout will be 24 May 2022. Coforge is a leading global IT solutions organization. Its proprietary platforms power critical business processes across the financial services and travel industries. The scrip fell 2.55% to currently trade at Rs 3624.45 on the BSE. Powered by Capital Market – Live News