Coforge’s FY24 net profit up over 31%, revenue at Rs 2,323 crore
New Delhi: Digital services and solutions provider Coforge (NS:COFO) on Monday reported 31.5 per cent rise in consolidated net profit in the third quarter (Q3) of FY24. The company’s revenue for the quarter was Rs 2,323 crore, up 2.1 per cent. Percentage increase in rupee terms.
Consolidated profit after tax (PAT) for Q3 was Rs 238 crore, up 31.5 per cent (on-quarter) from Rs 181 crore in Q2FY24.
The company said order volume was $354 million and the company recorded eight consecutive quarters of $300+ million deal wins.
Coforge’s total order book over the next 12 months grew 15.8 percent (year-on-year) to $974 million.
“Our ability to meet the annual revenue guidance commitment in such a difficult year and the fact that our YTD organic CC revenue growth at the end of Q3 is 14.7 percent is a testament to the tenacity of Team Coforge and our ability to execute. Against the plans,” said Sudhir Singh, chief executive officer, Coforge. The company added seven new customers during the quarter.
“Coforge is likely to be one of the few companies this year that gave clear growth guidance at the beginning of the year and will perform within that revenue guidance range,” Singh said.
