BUSINESSThe Economic Times ยท 2 hours agoLive
Coforge slips 3% even as Jefferies, Nomura, others raise targets after Q2 earnings. Why are they bullish?
Reported by The Economic Times, not nibnow. We are not the publisher of this story, only the source is.
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WHAT HAPPENED
Coforge shares fell despite strong Q2 results and brokerages raising target prices. Net profit surged 56.5% year-on-year to Rs 588.1 crore, while revenue jumped 54% to Rs 6,170.8 crore. EBITDA rose 67% to Rs 1,269.7 crore, with margins expanding 168 basis points to 20.6%. The company raised its FY27 EBIT margin guidance to 16%, while its 12-month order book grew 45% to $2.38 billion.
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