Coforge Limited (NSE: COFORGE)

Coforge Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	101,449	91,790	80,146	64,320	46,628	41,839
Revenue Growth (YoY)	16.30%	14.53%	24.61%	37.94%	11.45%	13.81%
Cost of Revenue	61,284	55,921	49,508	40,921	35,598	30,099
Gross Profit	40,165	35,869	30,638	23,399	11,030	11,740
Selling, General & Admin	760	760	490	452	308	481
Other Operating Expenses	24,400	20,687	17,207	11,758	2,933	4,065
Operating Expenses	28,875	24,633	20,282	14,482	5,077	6,316
Operating Income	11,290	11,236	10,356	8,917	5,953	5,424
Interest Expense	-1,015	-926	-598	-479	-15	-5
Interest & Investment Income	259	259	157	112	191	105
Currency Exchange Gain (Loss)	59	59	259	161	-106	174
Other Non Operating Income (Expenses)	273	-295	-131	-105	-53	-35
EBT Excluding Unusual Items	10,866	10,333	10,043	8,606	5,970	5,663
Gain (Loss) on Sale of Investments	-	-	5	3	8	304
Gain (Loss) on Sale of Assets	-	-	-13	6	-16	-13
Other Unusual Items	116	116	-523	-	-	-
Pretax Income	10,982	10,449	9,512	8,615	5,962	5,954
Income Tax Expense	2,533	2,093	2,061	1,468	1,302	1,278
Earnings From Continuing Operations	8,449	8,356	7,451	7,147	4,660	4,676
Minority Interest in Earnings	-478	-276	-513	-530	-104	-236
Net Income	7,971	8,080	6,938	6,617	4,556	4,440
Net Income to Common	7,971	8,080	6,938	6,617	4,556	4,440
Net Income Growth	15.64%	16.46%	4.85%	45.24%	2.61%	10.09%
Shares Outstanding (Basic)	63	61	61	61	61	62
Shares Outstanding (Diluted)	64	62	62	62	62	63
Shares Change (YoY)	2.45%	0.23%	0.14%	-0.08%	-0.63%	0.42%
EPS (Basic)	125.66	131.56	113.77	109.02	74.68	71.39
EPS (Diluted)	124.67	129.59	111.53	106.52	73.29	70.97
EPS Growth	12.87%	16.19%	4.70%	45.34%	3.27%	9.64%
Free Cash Flow	8,613	6,379	7,923	6,115	6,841	2,244
Free Cash Flow Per Share	134.71	102.31	127.37	98.44	110.04	35.87
Dividend Per Share	76.000	76.000	64.000	52.000	13.000	31.000
Dividend Growth	0%	18.75%	23.08%	300.00%	-58.06%	-
Gross Margin	39.59%	39.08%	38.23%	36.38%	23.66%	28.06%
Operating Margin	11.13%	12.24%	12.92%	13.86%	12.77%	12.96%
Profit Margin	7.86%	8.80%	8.66%	10.29%	9.77%	10.61%
Free Cash Flow Margin	8.49%	6.95%	9.89%	9.51%	14.67%	5.36%
EBITDA	13,506	12,923	11,913	10,405	7,034	6,871
EBITDA Margin	13.31%	14.08%	14.86%	16.18%	15.09%	16.42%
D&A For EBITDA	2,216	1,687	1,557	1,488	1,081	1,447
EBIT	11,290	11,236	10,356	8,917	5,953	5,424
EBIT Margin	11.13%	12.24%	12.92%	13.86%	12.77%	12.96%
Effective Tax Rate	23.07%	20.03%	21.67%	17.04%	21.84%	21.46%
Revenue as Reported	102,631	92,404	80,765	64,838	46,954	42,573
Advertising Expenses	-	547	257	191	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.