Coforge moves up on reporting 37% rise in Q2 consolidated net profit

Coforge is currently trading at Rs. 3865.95, up by 15.90 points or 0.41% from its previous closing of Rs. 3850.05 on the BSE.

Coforge
Coforge

The scrip opened at Rs. 3872.85 and has touched a high and low of Rs. 3950.00 and Rs. 3827.30 respectively. So far 5853 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.

Last one week high and low of the scrip stood at Rs. 3950.00 and Rs. 3685.65 respectively. The current market cap of the company is Rs. 23633.66 crore.

The promoters holding in the company stood at 40.09%, while Institutions and Non-Institutions held 47.75% and 12.16% respectively.

Coforge has reported fall of 7.36% in its net profit at Rs 117.00 crore for Q2FY23 as compared to Rs 126.30 crore for the corresponding quarter previous year.

Total income of the company increased by 25.78% to Rs 1,113.70 crore for the quarter under review as compared to Rs 885.40 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 36.59% in its net profit at Rs 220.60 crore for the quarter under review as compared to Rs 161.50 crore for the same quarter in the previous year.

Total income of the company increased by 25.10% to Rs 1,972.90 crore for the quarter under review as compared to Rs 1,577.10 crore for the same quarter in the previous year.

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