Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Coforge Limited - Q2 FY22 Highlights

Posted On: 2021-10-25 11:43:17 (Time Zone: IST)

Coforge Limited (NSE: COFORGE), a leading global IT solutions organization, today announced its financial results for the quarter September 30, 2021 (Q2 FY'22). The Company reported strong growth in revenue, significant expansion in EBITDA margin, and continued increase in its billable headcount. Deal flow was robust with three large deals secured.

Q2 FY'22 - Financial highlights

  • Revenues for the quarter were $ 212.8 million and Rs 15,694 Million:
    • Up 37.4% in dollar terms and 36.0% in rupee terms year-on-year.
    • Up 6.5% in dollar terms and up 7.4% in rupee terms, sequentially.
  • Adjusted EBITDA margin (before ESOPs and acquisition related costs) for the quarter under review expanded by 260 bps Q-on-Q in constant currency terms to 18.7%, driven by higher offshore revenues and improved utilization.
  • PAT for the quarter increased 22.8% in dollar terms to $ 19.9 mn and 21.6% in rupee terms to Rs 1,467 mn, year-on-year.

Q2 FY'22 - Business highlights
  • Total order book executable over the next twelve months has expanded 40.6% year-on-year to $688 million as on 30th September 2021.
  • Order intake during the quarter was $285 million, on the back of three large deals secured during the quarter out of which two were greater than $ 50 Mn TCV each.
  • Total headcount at Coforge, after including the employees of the recently acquired SLK Global, increased to 20,786 during the quarter under review.

"Our investments in Product Engineering, Cloud, Data, Automation and Integration capabilities continue to power our path to being a $ 1 Bln+ firm next year. This is a landmark year for the firm as we anticipate that we shall grow revenues by at least 35% and our adjusted EBITDA by at least 40% over the previous year. Our ability to significantly improve margins in a supply constrained and escalating costs context while simultaneously driving exceptional growth is a testament to the execution capabilities of Team Coforge", said Mr. Sudhir Singh, Chief Executive Officer, Coforge Ltd.

In view of sustained deal wins and incremental business from its customer base, the company is now planning for a growth (excluding SLK Global contribution) of at least 22% in constant currency terms during FY'22, which is higher than the at least 19% growth indicated earlier. This translates to at least 35% of consolidated (including SLK Global) growth in constant currency terms for the firm in FY22. The firm continues to target an adjusted EBITDA margin of 19% for the year.

The Board has recommended an interim dividend of Rs 13 per share, and the record date for this payout will be 8th November 2021.

Shares of Coforge Limited was last trading in BSE at Rs. 5419.70 as compared to the previous close of Rs. 5448.35. The total number of shares traded during the day was 27122 in over 3433 trades.

The stock hit an intraday high of Rs. 5560.00 and intraday low of 5340.00. The net turnover during the day was Rs. 147356869.00.

Click here to send ur comments or to

Other Headlines:

NTPC Ltd commissions Unit 4 of Nabinagar Thermal Power Project

Cigniti enhances its 5G Assurance focus with Innovate5G Partnership

Shriram Group announces Succession Plan - Board of Management to oversee Promoters Interest

BPCL bags 2 awards at FIPI Oil & Gas Awards 2021

Timex Group India Limited receives LOI for Guess and GC brand of watches

SMS Lifesciences India Ltd to divest partial stake in Mahi Drugs Pvt Ltd

Rail Vikas Nigam Ltd enters into MoU for railway projects in Kyrgyzstan

Yaarii Digital Integrated Services Ltd changes name

NMDC Ltd revises iron ore price from Nov 30, 2021

Edelweiss Financial Services announces Rs. 5,000 million Public Issue of Secured Redeemable NCDs

B N Rathi Securities Ltd fixes Dec 17, 2021 as record date for rights issue

UltraTech Cement Ltd commences mining from Bicharpur Coal Block

Wipro Recognized as 'Gold' Employer by India Workplace Equality Index (IWEI) 2021

India Pesticides Ltd allotted additional land adjacent to Sandila Plant

TCS launches Assessment and Migration Factory for AWS Mainframe Modernization

Oriental Aromatics Ltd board declares interim dividend of Rs. 1.5

Dilip Buildcon Ltd declared as Ll bidder for EPC project in Bilaspur, Himachal Pradesh

Sun Pharma arm DUSA to get $22.5 mn from Biofrontera for settlement of litigation

NIIT's subsidiary, RPS Consulting appoints Francis Jacob as President and Business Head

Maruti Suzuki India Limited increases price of EECO non-cargo variants

Abirami Financial Services India Ltd board to consider monetization of asset

BHEL wins CII-Exim Bank Platinum Awards for Business Excellence

V-Mart Retail Ltd opens one new store in Haryana

Vidli Restaurants Limited board approves rights issue at Rs. 10

Innovators Facade Systems Limited receives order from DLF Group

Infosys collaborates with One of Europe's Greenest Data Centers to accelerate Daimler's transition to Sustainable Mobility

Dharamsi Morarji Chemical Company Ltd to list in NSE from Dec 1, 2021

Fitch affirms Axis Bank at 'BB+', Outlook Negative

TCS helps AGL embrace New AI-powered Operating Model to transform Customer Experience

Dhruv Consultancy Services Limited receives LOA for project worth Rs. 5.04 crore

Arvind Ltd update on Ankur unit

Lupin launches Sciflix a mobile-friendly learning platform for post graduate students specializing in pulmonology

ICRA-assigned Credit Rating for 100.00 crore bank lines of Rane Holdings Limited

ITI Limited installs 100 KW Captive Rooftop Solar Power Plant in Lucknow, Uttar Pradesh

GIC to invest in IRB Infrastructure Developers Limited

Vishvprabha Ventures Ltd Fixes Record Date for Rights Issue of equity shares

Earum Pharmaceuticals Ltd fixes Record Date for Stock Split

ICRA upgrades credit rating of DLF Limited to [ICRA] AA- with Stable outlook

IIFL Home Finance Ltd disbursed loans over Rs. 2500crore, as on 30 September, 2021

Kotak Mahindra Bank reaches One Million FASTags Milestone

Accor renews partnership with IndiGo's 6E Rewards program to offer accelerated travel and stay benefits

Rossari Biotech Ltd. appoints Ketan Sablok as the Group Chief Financial Officer

Vedanta's Sesa Goa Iron Ore Business pledges to become carbon neutral by 2050

CL Educate liquidates third land parcel this year

Reliance Capital Ltd welcomes RBI move to resolve company's debt through IBC

Knowledge Marine & Engineering Works Ltd receives LoA from Vizag Port Trust for patrol boat

Patel Integrated Logistics Ltd board to consider rights shares allotment on Dec 2, 2021

Tatva Chintan Pharma Chem Ltd acquires land at Dahej-III GIDC Estate, Bharuch

Intec Capital Ltd accepts OTS proposal from The Bank of Maharashtra

Sayaji Hotels Ltd arm signs 8 new properties

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020