Mid Cap IT Co To Meet On Jan 22 For Dividend, Quarterly Results; Shares Up 133% In 3-Yrs

Board of Coforge Ltd will hold a meeting on January 22, 2024 to consider financial statements for the period ended December 2023 and dividend. Coforge shares gained 44% year-to-date and jumped 133% in last 3-years. Last trading price of Coforge share is Rs 5714.60 per share with intraday fall of 0.78% on BSE. Check details below:

Board of Coforge Ltd To Meet On January 22 For Results, Dividend: According to the BSE filing of the company issued on December 1, 2023, "Further, pursuant to Regulation 29(1) of the of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the meeting of Board of Directors of the Company is scheduled to be held on Monday, January 22, 2024, inter alia, to consider and approve the un-audited consolidated and standalone financial results of the Company for the quarter ended December 31, 2023. The Board of Directors will also be considering the proposal of the payment of Interim Dividend, if any, for the Financial Year 2023-24 and will determine the Record date for the purpose of the Interim Dividend, if approved."

Coforge Stock Performance & Return: Last trading price of Coforge share is Rs 5714.60. Its 52-week high price is Rs 5842.60 per share and 52-week low price is Rs 3565.20 per share, respectively. The company has a market capitalisation of Rs 35,198.77 crore. Coforge shares gained 14% in last 1-month, soared 25% in last 6-months, gained 39% in last 1-year, and offered return of 423% in last 5-years.

Coforge Financials: The company on October 19 declared its net profit witnessed a dip of 10% to Rs 181 crore for September 2023 quarter as against the net profit of Rs 201 crore in the 2nd quarter of FY23, as per the BSE filing. The company's consolidated gross revenue soared 16% to Rs 2276 crore for the quarter under consideration as compared to Rs 1959 crore in the year ago quarter. When it comes to Rupee terms, the company's revenue surged by 2.3% QoQ in constant currency (CC) and 2.3% in dollar terms. Revenue surged 14.1% YoY in CC and 12.6% in dollar terms and 16.2% in rupee terms. The net profit and revenue soared 9.6% and 2.47% on a sequential basis.

Coforge Dividend In FY 2023-24: It also announced a second interim dividend of Rs 19 per equity share at the face value of Rs 10 each fully paid-up for the FY 2023-24.

Coforge About: Coforge is a leading global digital services and solutions provider. It enables its clients to transform at the intersect of domain expertise and emerging technologies to achieve real-world business impact. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high growth enterprises. Coforge's proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries, according to its official website.

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