Coforge Share Price in Focus Ahead of Board Meeting for Q3 FY2025 Results and Interim Dividend

Coforge has been in focus on Wednesday. On January 22, 2025, Coforge share price opened at ₹8,315.80, up from its previous close of ₹8,261.10. However, at 11:38 AM, the share price of Coforge was trading at ₹8,219.00, down by 0.51% on the NSE. The stock price touched its 52-week high at ₹10,026.80 on December 30, 2024.

Board Meeting Announcement and Interim Dividend Declaration

In December 2024, the company announced that its Board of Directors would meet on Wednesday, January 22, 2025, to discuss key financial matters. The meeting’s agenda includes the review of the unaudited consolidated and standalone financial results for the quarter ended December 31, 2024, along with the consideration of the Interim Dividend for the financial year 2024-25.

Q2 FY 2025 Financial Highlights

In Q2FY25, the company reported revenue of ₹30,623 million (US$369.4 million), marking a 26.3% increase quarter-on-quarter (Q-o-Q) and 33.0% year-on-year (Y-o-Y) in constant currency (CC) terms. In USD terms, revenue was up 26.8% Q-o-Q and 32.8% Y-o-Y, while in INR terms, it increased by 27.5% Q-o-Q and 34.5% Y-o-Y.

The EBITDA margin for the quarter stood at 15.8%, reflecting a 53 basis point improvement YoY. Adjusted profit after tax (PAT), excluding minority interests, was ₹2,552 million, representing a 35.6% YoY growth. The cash flow from operations for the quarter was reported at US$10.9 million. Additionally, the Board has declared an interim dividend of ₹19 per share, with the record date set for October 11, 2024.

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