Coforge Ltd

By Research Desk
about 9 years ago
NIIT Tech

Based on the standalone numbers for Q4FY15 published by the company, it ended the quarter with a small net profit of Rs.28 lakh compared to profit of Rs.44 crore in previous quarter. EBITDA was down 34% (QoQ) at Rs.44 crore and margins slumped from 20.81% to 12.12%. Costs were up 19%. The company’s net profit was impacted due to dispute between one of the Company's subsidiaries and its client in the APAC region. The dispute was resolved by concluding a settlement agreement which released the company of its obligations towards execution of the program. PBT was a loss of Rs.9 crore and then it added back deferred tax of Rs.23 crore, which is what helped it end the quarter in the black.

The company has issued a Press Release, wherein it has given the consolidated numbers wherein revenue for the quarter rose 3% (QoQ) at Rs.611 crore, operating profit rose 16% at Rs.100 crore and it reported a post tax loss of Rs.17.5 crore.

In terms of geographical growth, US grew 3.8% contributing 44% to overall revenues, mainly on account of expansion of business in BFSI segment during the quarter. EMEA contributed to 35% and share of APAC and India was at 21%. In terms of verticals, overall BFSI contributed to 33% to revenue while Travel and Transportation contributed to 38% of total revenues. Other segments of focus like Manufacturing and Government contributed to 8%, and 6% of the revenue mix respectively.

The company ended FY15 with a consolidated 3% rise in revenue at Rs.2372 crore and net profit was down 49% at Rs.122 crore.

 

 

5498.90 (-55.25)

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