COFORGE Announces Quarterly Results (1QFY21); Net Profit Down 7.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

COFORGE Announces Quarterly Results (1QFY21); Net Profit Down 7.7%
Wed, 26 Aug

COFORGE has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

COFORGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m9,62711,09310,570-4.7%9.8%
Other incomeRs m20622176-65.6%-63.1%
TurnoverRs m9,83311,31410,646-5.9%8.3%
ExpensesRs m8,2429,1098,875-2.6%7.7%
Gross profitRs m1,4421,8561,515-18.4%5.1%
DepreciationRs m4014334657.4%16.0%
InterestRs m315437-31.5%19.4%
Profit before taxRs m1,2161,5901,089-31.5%-10.4%
TaxRs m318348260-25.3%-18.2%
Profit after taxRs m8981,242829-33.3%-7.7%
Gross profit margin%15.016.714.3
Effective tax rate%26.221.923.9
Net profit margin%9.111.07.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.8% on a year-on-year (YoY) basis. The expenses were up by 7.7% YoY during the same period.
  • The company's operating profit increased by 5.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.3% in 1QFY21 as against 15.0% in 1QFY20.
  • Depreciation charges increased by 16.0% and finance costs increased by 19.4% YoY, respectively.
  • Other income declined by 63.1% YoY during the quarter.
  • Net profit for the quarter declined by 7.7% YoY. Net profit margins during the quarter declined from 9.1% in 1QFY20 to 7.8% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.6% QoQ during the same period.
  • The company's operating profit declined by 18.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.3% in 1QFY21 as against 16.7% in 4QFY20.
  • Net profit for the quarter declined by 33.3% QoQ, while net profit margins declined from 11.0% in 4QFY20 to 7.8% in 1QFY21.

To see how COFORGE has performed over the last eight quarters,please visit here.

JUST IN: Limited-Time Access to Full Transcript of Our Urgent Broadcast on India's Revival

COFORGE Share Price Performance

Over the last one year,COFORGE share price has moved up from Rs 1,397.1 to Rs 1,940.5, registering a Gain of Rs 543.4 or around 38.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 18,219.2 (up 0.4%). Over the last one year it has moved up from 16,054.4 to 18,219.2, a gain of 2,165 points (up 13.5%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 1,940.5, the price to earnings (P/E) ratio of COFORGE stands at 25.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

Equitymaster requests your view! Post a comment on "COFORGE Announces Quarterly Results (1QFY21); Net Profit Down 7.7%". Click here!

  

Related Views on News

COFORGE Announces Quarterly Results (2QFY21); Net Profit Down 2.3% (Quarterly Result Update)

Jan 29, 2021 | Updated on Jan 29, 2021

For the quarter ended September 2020, COFORGE has posted a net profit of Rs 1 bn (down 2.3% YoY). Sales on the other hand came in at Rs 12 bn (up 11.1% YoY). Read on for a complete analysis of COFORGE's quarterly results.

NIIT TECHNOLOGIES Announces Quarterly Results (4QFY20); Net Profit Up 7.5% (Quarterly Result Update)

May 7, 2020 | Updated on May 7, 2020

For the quarter ended March 2020, NIIT TECHNOLOGIES has posted a net profit of Rs 1 bn (up 7.5% YoY). Sales on the other hand came in at Rs 11 bn (up 14.1% YoY). Read on for a complete analysis of NIIT TECHNOLOGIES's quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

An India Revival Stock I'm Bullish On...(Profit Hunter)

Apr 9, 2021

This could take India to the position of 3rd largest economy.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

A Unique Sector for Short-Term Profits(Fast Profits Daily)

Apr 12, 2021

This ignored sector could deliver big short-term profits.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

COFORGE SHARE PRICE


Apr 16, 2021 (Close)

TRACK COFORGE

  • Track your investment in COFORGE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE COFORGE WITH

MARKET STATS