Coforge Q1 Results Live : Coforge announced their Q1 results on 22 Jul, 2024, revealing that the revenue grew by 8.1% year-over-year. However, the profit took a hit, declining by 19.42% compared to the same period last year.
In comparison to the previous quarter, the company saw a 1.79% increase in revenue, but a significant 40.46% decrease in profit.
The Selling, general & administrative expenses witnessed a 4.04% rise quarter-over-quarter and a 3.43% increase year-over-year.
Operating income also faced challenges, dropping by 32.27% from the previous quarter and 8.03% from the same period last year.
The Earnings Per Share (EPS) for Q1 stood at ₹20.78, marking a 21.7% decrease year-over-year.
Coforge’s recent returns show 1.65% in the last week, -3.3% in the last 6 months, and -3.16% year-to-date.
With a market capitalization of ₹40524.47 Cr, Coforge’s 52-week high/low are ₹6847.45 & ₹4287.25 respectively.
Analysts covering the company have mixed opinions as of 23 Jul, 2024, with 3 analysts suggesting a Strong Sell, 3 analysts recommending Sell, 5 analysts opting for Hold, 12 analysts advising Buy, and 6 analysts advocating Strong Buy. The consensus recommendation as of the same date was to Buy.