Coforge Share Price Rises 10%; Q3 FY25 Revenue Soars 40.3% YoY; ₹19 Interim Dividend Announced

Coforge Limited announced its financial results for the quarter ended December 31, 2024 (Q3 FY25).

Post the announcement, on January 23, 2025, Coforge share price opened at ₹8,710.00, up from its previous close of ₹8,228.20. At 9:53 AM, the share price of Coforge was trading at ₹9,051.00, up by 10.00% on the NSE.

Key Financial Highlights

The company reported revenue of ₹3,318.2 crore (US$ 397.1 million), where,

• 8.4% sequential growth (QoQ) and 40.3% year-on-year (YoY) growth in constant currency (CC) terms.
• 7.5% QoQ and 40.8% YoY growth in USD terms.
• 8.4% QoQ and 42.8% YoY growth in INR terms.

EBITDA stood at ₹519.0 crore, marking a 29.3% Y-o-Y increase. Adjusted profit after tax (PAT), excluding minority interest, was reported at ₹268.0 crore, up 10.3% YoY.

Commenting on the performance, the Chief Executive Officer and Executive Director, Sudhir Singh, stated, “An 8.4% sequential cc growth, a 40.3% cc YoY growth in a seasonally weak quarter, four large deals in that same quarter, a concurrent and material sequential expansion of 122 bps in margins, a Cigniti business that has already touched an EBITDA margin of 17.3%, a large deals pipeline that is looking very robust and finally an ever-strengthening next twelve month signed order book which now is 40% higher YoY gives us confidence that the coming year shall once again see robust and sustained growth.”

Interim Dividend Announcement and Record Date

The Board of Directors has declared a third interim dividend of ₹19 (Rupees Nineteen only) per fully paid-up equity share with a face value of ₹10 each for the financial year 2024-25. In accordance with Regulation 42 of the SEBI Listing Regulations, as amended, the Board has set January 30, 2025, as the “Record Date” to determine the eligibility of shareholders for the dividend. The interim dividend will be disbursed within 30 days of its declaration.

Key Business Highlights

The company secured orders worth US$ 501 million, marking the second consecutive quarter of order intake exceeding US$ 500 million. The company stated that four large deals were signed across North America and ASEAN regions, reinforcing the company’s strong global presence.

Total headcount stood at 33,094, with a sequential net addition of 611 employees. Since the beginning of the year, the headcount has grown organically by 16%.

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