Coforge Limited witnessed a positive momentum in morning trade on January 23, with its shares trading over 2 percent higher at Rs 6,415. The surge followed the company’s robust performance in the October-December period, reporting a notable 31 percent growth in consolidated net profit, reaching Rs 238 crore.
The firm’s revenue from operations also saw a substantial uptick, gaining nearly 2 percent sequentially to Rs 2,323 crore, compared to Rs 2,276 crore in the preceding September quarter. In dollar terms, the revenue stood at $282 million, up from $278.1 million in the previous quarter.
The stock was trading at Rs 6,367, reflecting a 1.3 percent increase from the previous close on the NSE. Notably, Coforge Limited has demonstrated impressive growth, with a remarkable gain of over 46 percent in the past year, outpacing the Nifty index.
