Coforge Ltd Q3 PAT down -3.9% at Rs123.5cr on manpower costs

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Coforge Ltd reported 10.92% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs1,190.60cr. The company saw solid growth across its key geographies including the Americas, Europe, UK and parts of Asia. For the IT services segment, the impact of COVID has been limited; in fact often times advantageous.


The consolidated Profit after tax (PAT) for the Dec-20 quarter was down -3.89% at Rs123.50cr on higher employee benefit expenses as well as a spike in contract costs to the company. PAT margins moderated from the levels of 11.97% in Dec-19 to 10.37% in Dec-20 as the lower profit condensed on a large revenue base.


Financial highlights for Dec-20 compared yoy and sequentially









Coforge Ltd

Rs in Crore

Dec-20

Dec-19

YOY

Sep-20

QOQ

Total Income (Rs cr)

₹ 1,190.60

₹ 1,073.40

10.92%

₹ 1,153.70

3.20%

Net Profit (Rs cr)

₹ 123.50

₹ 128.50

-3.89%

₹ 122.20

1.06%

Diluted EPS (Rs)

₹ 19.77

₹ 19.69

₹ 19.61

Net Margins

10.37%

11.97%

10.59%

 

 

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( With inputs from indiainfoline)

#Coforge #PAT #Rs1235cr #manpower #costs