Buy Coforge; target of Rs 4926: YES Securities
YES Securities is bullish on Coforge has recommended buy rating on the stock with a target price of Rs 4926 in its research report dated April 27, 2023.29-04-2023
29-04-2023
Coforge Ltd - 532541 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyCoforge Ltd 2CIN NO.L72100DL1992PLC048753 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 340.00 4Highest Credit Rating during the previous FY AA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CRISIL LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. YES Name of the Company Secretary: Barkha Sharma Designation: Company Secretary EmailId: Barkha.sharma@coforge.com Name of the Chief Financial Officer: Ajay Kalra Designation: Chief Financial Officer EmailId: Investors@coforge.com Date: 28/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.28-04-2023
Coforge Ltd - 532541 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication- Statement of Consolidated and Standalone Results for the quarter & year ended March 31, 202328-04-2023
Uncertainties significant, but order book at record high: Coforge CEO
'Macroeconomic environment 'significantly uncertain, but varies across industries: Sudhir Singh28-04-2023
Coforge Ltd - 532541 - Submission Of Disclosure On Related Party Transactions
Pursuant to Regulation 23(9) of SEBI (Listing Obligation and disclosure Requirements) Regulations, 2015, please find the enclosed herewith the disclosure of Related Party Transactions for the second half year ended March 31, 2023, in the format specified in the accounting standards27-04-2023
Coforge Ltd - 532541 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In furtherance to our intimation dated April 24, 2023 with respect to the convening of Analyst / Investor Conference Call at 8:30 a.m. IST on April 27, 2023 (3.00 a.m. GMT, 11.00 am SGT & 11:00 p.m. EST on April 26, 2023) on Financial Results for quarter & year ended March 31, 2023, in this regard please find enclosed weblink of the audio recording of the said earning conference call. link: https://www.coforge.com/hubfs/NIT0420230427146304.mp327-04-2023
Coforge Ltd - 532541 - Declaration Of Interim Dividend & Record Date
Declaration of Interim Dividend & Record Date27-04-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Coforge Ltd.
IT Consulting & Software company Coforge announced Q4FY23 & FY23 results: Q4FY23: Revenue for Q4FY23 was USD 264.4 million and Rs 21,700 million Up 5.6% in INR, 5.0% in USD, and 4.7% in CC terms QoQ Up 24.5% in INR terms and 13.8% in USD terms YoY Adj. EBITDA margin for Q4FY23 at 19.6%, sequentially up by 109 bps PAT for Q4FY23, excluding one-off expenses, at Rs 2,327 million, increased 12.1% YoY in INR terms FY23: Revenue at USD 1,002 million and Rs 80,146 million Up 22.4% in CC terms, up 24.6% in INR, and 15.6% in USD terms Gross Margin expanded by 55 bps YoY to 32.5% Adj. EBITDA margin at 18.3% for the year Adj. EBITDA at Rs 14,649 million, up 21.5% YoY PAT for FY23, excluding one-off expenses, at Rs 8,117 million, up 22.7% YoY “We believe that our performance during the quarter was marked by two key achievements. The first was a quarterly sequential USD growth of 5.0%. The second major landmark has been the firm crossing the USD one billion revenue mark. Our performance heading into FY24 sets us up well to deliver robust growth.” said Sudhir Singh, Chief Executive Officer, Coforge Result PDF27-04-2023
Coforge Results Earnings Call for Q4FY23
Conference Call with Coforge Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.27-04-2023