Coforge Reports Strong Q3 FY24-25 Results, Highlighting Growth and Financial Stability

Coforge, a prominent player in the IT software industry, has recently reported its financial results for the third quarter of FY24-25, showcasing significant growth and stability. The company's net sales reached Rs 3,318.20 crore, reflecting a substantial increase compared to the average of the previous four quarters. This consistent growth trend has been evident over the last five quarters, underscoring Coforge's robust market position.
The operating profit also demonstrated a notable rise, reaching Rs 443.00 crore, marking the highest level in the last five quarters. Additionally, the profit before tax (PBT) stood at Rs 283.70 crore, further emphasizing the company's positive financial trajectory. Coforge's ability to manage interest payments has shown an adjustment in evaluation, with an operating profit to interest ratio of 13.63 times.

On the liquidity front, Coforge reported cash and cash equivalents of Rs 1,540.60 crore, the highest in the last six half-yearly periods, indicating enhanced short-term liquidity. Furthermore, the company's debt-equity ratio has decreased to 0.18 times, reflecting a prudent approach to borrowing. Overall, Coforge's recent financial results highlight its strong operational performance and sound financial management.

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