Coforge advances 10% on healthy March quarter performance

The company is planning for an organic growth of at least 17% in constant currency terms during FY22 and an expansion of EBITDA margin from 18% in FY21 to 19% in FY22

Shares of Coforge moved higher by 10 per cent to Rs 3,181.65 on the BSE in intra-day trade on Thursday after the company reported a robust financial and operating performance during the March quarter of the financial year 2020-21 (Q4FY21).

The IT firm reported continued growth-led momentum, with consolidated revenue growing 7.1 per cent sequentially in dollar terms to $172.1 million during the January-March quarter. In constant currency (CC) terms, revenue grew 5.1 per cent over the preceding quarter. In rupee terms, revenue was up by 6 per cent sequentially and up by 13.7 per cent year-on-year (YoY) at Rs