Coforge Raises EBIT Margin Guidance to 16%; Q2 Profit Misses Estimate
Coforge reported September-quarter net profit of ₹588 crore, up 13.4% quarter on quarter but below the ₹629 crore poll estimate. Revenue rose 11.6% to ₹6,170.8 crore, missing the ₹6,363 crore estimate. The company raised EBIT margin guidance to 16%; its order book jumped 45%.
IT solutions firm Coforge Ltd. reported on Friday (October 23) that net profit for the September quarter rose 13.4% quarter-on-quarter (QoQ) to ₹588 crore, below the CNBC-TV18 poll estimate of ₹629 crore. Revenue climbed 11.6% QoQ to ₹6,170.8 crore, missing the poll estimate of ₹6,363 crore.