COFORGE Q4 PAT seen up 6.1% QoQ to Rs. 130 cr: Motilal Oswal

Coforge Q3 | Revenue at Rs 1,190.6 crore against Rs 1,073.4 crore YoY. Profit at Rs 123.5 crore against Rs 128.5 crore YoY.

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Motilal Oswal has come out with its fourth quarter (January-March’ 21) earnings estimates for the Technology sector. The brokerage house expects COFORGE to report net profit at Rs. 130 crore up 6.1% quarter-on-quarter (down 4.4% year-on-year).

Net Sales are expected to increase by 3.8 percent Q-o-Q (up 11.4 percent Y-o-Y) to Rs. 1,240 crore, according to Motilal Oswal.

Earnings before interest and tax (EBIT) are likely to rise by 4.7 percent Q-o-Q (up 5.3 percent Y-o-Y) to Rs. 160 crore.

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