(20 second reading) Coforge posted a 94.86 per cent rise in consolidated net profit to Rs 223.7 crore for the Q4 FY24.
Revenue from operations was up 8.68 per cent to Rs 2,358.5 crore against Rs 2,170 crore in the corresponding quarter in FY23. Revenue from operations for FY24 was 14.52 per cent higher at Rs 9,179 crore against Rs 8014.6 crore in FY23.
The USD 400 million TCV deal signed in Q4, the 56 per cent year-on-year increase in order intake and the 102-basis points sequential margin improvement in Q4 set us up strongly to deliver robust growth in FY25 with expanded margins,” Sudhir Singh, CEO, Coforge said.
For the full FY2023-24, the company clocked a profit of Rs 808 crore, up by 16.46 per cent from Rs 693.8 crore in the previous year.