Coforge Reports Positive Financial Results for Q2 FY25, Net Sales Reach All-Time High

The IT software company, Coforge, has recently announced its financial results for the quarter ending September 2024. According to the latest report, the company has shown a positive performance with a score of 9, a significant improvement from the previous quarter’s score of -11.

One of the key factors contributing to this positive performance is the company’s net sales, which have been consistently growing in the last five quarters. In fact, the net sales for the quarter have reached an all-time high of Rs 3,062.30 crore, showing a growth of 30.9% compared to the average net sales of the previous four quarters.

Another positive aspect of Coforge’s financials is its ability to manage interest payments, with the operating profit to interest ratio reaching a high of 13.55 times in the last five quarters. This indicates that the company is efficiently managing its interest payments and is in a strong financial position.

In terms of operating profit, Coforge has recorded its highest figure of Rs 411.90 crore in the last five quarters. This shows a positive trend in the company’s near-term operating profit.

However, there are some areas that need improvement, as highlighted by the financial report. The non-operating income for the quarter has reached its highest at Rs 56.30 crore, but this increase may not be sustainable as it comes from non-business activities.

Overall, Coforge has shown a strong financial performance in the quarter ending September 2024, with positive trends in net sales and operating profit. The stock call for the company by MarketsMOJO is ‘Hold’, indicating a neutral stance for investors.