Coforge share price saw an increase of over 1.5% on December 19, bringing to the day high of ₹9,630.00 at 11:03 AM on BSE.
Coforge share price has recently garnered investors’ attention due to its performance. As of December 19, 2024, the company’s share price saw an increase of over 1.5%, bringing to the day high of ₹9,630.00 at 11:03 AM on BSE. This marks a significant recovery from its 52-week low of ₹4,291.05, showcasing the company’s resilience in the market.
On December 18, 2024, Coforge share price hit a new 52-week high, reaching ₹9,630.00. This achievement is a major milestone for the large-cap company, indicating strong investor confidence and a solid market presence.
Coforge Q2 FY25 Financial Highlights
Coforge Limited recently announced its financial results for the quarter ending September 30, 2024 (Q2FY25). The company’s strong performance is reflected in the following key financial highlights:
- Revenue: ₹30,623 million (US$ 369.4 million), representing a 26.3% increase quarter-on-quarter (Q-o-Q) and a 33.0% increase year-on-year (Y-o-Y) in constant currency (CC) terms. In USD terms, revenue increased by 26.8% Q-o-Q and 32.8% Y-o-Y, while in ₹terms, the growth was 27.5% Q-o-Q and 34.5% Y-o-Y.
- EBITDA Margin: The EBITDA margin for the quarter stood at 15.8%, a 53 basis point (bps) improvement on a YoY basis, showcasing improved operational efficiency.
- Adjusted PAT: The Adjusted Profit After Tax (PAT), excluding minority interest, was ₹2,552 million, marking a 35.6% growth YoY.
- Cash Flow: Cash Flow from Operations for the quarter stood at US$ 10.9 million.
- Dividend: The Board recommended an interim dividend of ₹19 per share, with the record date for the payout being October 11, 2024.
In addition to strong financial results, Coforge also highlighted several key business achievements for Q2FY25:
- Order Intake: The company secured an order intake of US$ 516 million, marking the eleventh consecutive quarter of order intakes exceeding US$ 300 million.
- Client Acquisition: Coforge added 13 new clients during the quarter, reinforcing its expanding global client base.
- Headcount Growth: The company’s workforce grew to 32,483 by the end of the quarter, with a net addition of 5,871 employees, including 4,430 from its recent acquisition of Cigniti.
- Attrition Rate: The company reported a reduced attrition rate of 11.7%, down by 130 bps YoY, reflecting better employee retention.
Coforge Limited’s recent performance, both in terms of stock price and financial results, underscores its strong market position and operational growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
