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Coforge Q3 net profit declines 1.1% to Rs 122 crore

Its consolidated revenue from operations rose 10.9 per cent to Rs 1,190.6 crore in the quarter under review from Rs 1,073.4 crore in the year-ago period

January 28, 2021 / 09:42 PM IST
Coforge| Representative Image.

Coforge| Representative Image.

IT firm Coforge Ltd (formerly NIIT Technologies) on Thursday reported a 1.1 per cent decline in consolidated net profit to Rs 122 crore for the December quarter.

The company had posted a net profit of Rs 123.3 crore in the year-ago period, Coforge said in a regulatory filing. However, its consolidated revenue from operations rose 10.9 per cent to Rs 1,190.6 crore in the quarter under review from Rs 1,073.4 crore in the year-ago period, it added.

IndiGo posts Q3 net loss of Rs 620 crore, revenue falls 50.6% YoY

On a sequential basis, Coforge's net profit was higher by 1 per cent from Rs 120.7 crore in the September 2020 quarter, while revenue from operations was up by 3.2 per cent from Rs 1,153.7 crore. "The 3.3 per cent sequential growth in constant currency terms during Q3 has come on the back of an 8.1 per cent growth in constant currency terms during the preceding quarter. With the committed orderbook 18 per cent higher than at the same time last year, the firm has primed itself for sustained, robust and profitable growth in the quarters to come," Coforge Chief Executive Officer Sudhir Singh said.