Coforge Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

• Coforge Limited reported a revenue of ₹2,276 Cr • Coforge Limited reported a Profit of ₹181.7 Cr • The adjusted EBITDA margin increased by 1.6% QoQ

Performance Highlights

· Revenue was up QoQ by 2.3% in constant currency (CC), 2.5% in terms of INR · On a YoY basis, Revenue was up by 14.1% in CC, 16.2% in terms of INR · Consolidated Profit After Tax (PAT) increased by 9.5% QoQ

Comments by management

• H1 FY 2023-24 shows strong growth of 16.2% in constant currency. • Company reiterates FY’24 revenue growth guidance of 13% to 16% in constant currency

Dividend Announcement

The company’s Board has suggested an interim dividend of ₹19 per share, with a record payout date of 2nd November 2023

Source: Coforge Limited Financial Report – Q2 Report, BSE