FINWIRES · TerminalLIVE
FINWIRES

Coforge's Consolidated Profit Jumps in Fiscal Q4

By

-- Coforge's (NSE:COFORGE, BOM:532541) consolidated attributable net profit rose sharply to 5.72 billion Indian rupees in the fiscal fourth quarter ended March 31 from 2.95 billion rupees a year ago.

Earnings per share climbed to 18.10 rupees from 7.73 rupees a year earlier, the IT services company said in a filing to the Indian stock exchanges on Tuesday. The EPS is higher than the 13.0 rupees estimated by the analysts polled by Visible Alpha.

Revenue from operations in fiscal Q4 increased to 44.5 billion rupees from 34.2 billion rupees a year ago. This is marginally higher than Visible Alpha's estimate of 44.4 billion rupees.

Related Articles

Equities

Equinor to Launch Second Tranche of $1.5 Billion Share Repurchase Program

Equinor (EQNR.OL) said Wednesday that it will launch the second tranche of its share buyback worth up to $1.5 billion after its annual general meeting on May 12.The Norwegian energy company enlisted an undisclosed third party to repurchase up to $375 million, of which $123.8 million will be bought back in the market. The program will run until July 20.Repurchased shares will be canceled via a capital decrease at the annual general meeting in May 2027.

$EQNR.OL
Asia

AML3D, Austal USA Deliver Portable Arcemy System to US Navy Hub

AML3D (ASX:AL3), together with Austal's (ASX:ASB) US arm, Austal USA, completed the delivery of its first portable Arcemy system to the US Navy's Additive Manufacturing Centre of Excellence in Danville, Virginia, according to a Wednesday Australian bourse filing.The system is built for quick deployment, enabling faster technology development and component production alongside existing large-scale Arcemy units, per the filing. Its portable design allows it to be reinstalled within just one to two days, which is significantly quicker than fixed systems.The completion triggers the final payment of around AU$1.2 million order from Austal USA, the filing added.AML3D's shares fell about 3% in recent Wednesday trade, while Austal's shares rose past 3%.

$ASX:AL3$ASX:ASB
Equities

Equinor Posts Higher Q1 Attributable Net Income; Total Revenue, Other Income Decline

Equinor (EQNR.OL) said Wednesday its attributable net income in the first quarter increased, while revenue declined year over year.Net income attributable to equity holders for the three months ended March 31 was $3.11 billion, compared with $2.63 billion earlier. EPS moved to $1.24 from $0.96.The Norwegian energy company's total revenue and other income were $27.84 billion, compared with $29.92 billion a year ago.Meanwhile, the board declared a cash dividend of $0.39 per share for the quarter, payable Aug. 27. It paid $0.37 per share in the year-ago period.

$EQNR.OL