Coforge Ltd gained for a fifth straight session today. The stock is quoting at Rs 6354, up 1.14% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 25240.45. The Sensex is at 82401.53, up 0.32%. Coforge Ltd has risen around 0.77% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has risen around 4.66% in last one month and is currently quoting at 42591.65, up 0.38% on the day. The volume in the stock stood at 2.44 lakh shares today, compared to the daily average of 3.15 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 6411, up 1.44% on the day. Coforge Ltd is up 16.24% in last one year as compared to a 31.09% spurt in NIFTY and a 37.19% spurt in the Nifty IT index.The PE of the stock is 48.61 based on TTM earnings ending June 24.Powered by Capital Market - Live

Coforge Ltd is up for a third straight session in a row. The stock is quoting at Rs 6296.8, up 3.55% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 25094.85. The Sensex is at 81939.19, up 0.28%. Coforge Ltd has dropped around 0.26% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has dropped around 4.49% in last one month and is currently quoting at 41709.25, up 2.27% on the day. The volume in the stock stood at 5.48 lakh shares today, compared to the daily average of 2.93 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 6298.9, up 3.55% on the day. Coforge Ltd is up 20.5% in last one year as compared to a 29.74% gain in NIFTY and a 38.19% gain in the Nifty IT index.The PE of the stock is 47.04 based on TTM earnings ending June 24.Powered by Capital Market - Live

Coforge announced its teaming up with Salesforce, the #1 AI CRM, to launch Coforge ENZO, an environmental and net zero offering. With this offering, Coforge and Salesforce will help customers address decarbonization challenges and accurately measure and report on greenhouse gas (GHG) emissions via sustainability consulting and diagnostic assessment services. 'Embarking on a sustainability journey for a business demands a multifaceted approach that includes meticulous tracking and reduction of emissions, insightful ESG analysis, and driving sustainable practices. Coforge ENZO combines the knowledge and expertise of Salesforce's Net Zero Cloud with Coforge's project execution expertise. We are excited to expand our work with Salesforce to empower businesses in achieving their Net Zero commitment,' said Sudhir Singh, CEO, Coforge. Coforge ENZO will streamline emissions data management by identifying, consolidating, and transforming raw data from emission sources across operations. Additionally, the offering will automate carbon accounting with real-time emissions calculations and dashboards, enabling effective, corrective, and preventive actions through robust decarbonization strategy consulting. The solution will automatically generate audit-ready sustainability reports compliant with global and regional regulatory standards like GRI, SEC, and CSRD among others. Powered by Capital Market - Live

Coforge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 6121.2, down 2.62% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.98% on the day, quoting at 24766.8. The Sensex is at 81090.89, down 0.95%.Coforge Ltd has added around 7.75% in last one month.Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has increased around 7.07% in last one month and is currently quoting at 40709.4, down 1.86% on the day. The volume in the stock stood at 1.65 lakh shares today, compared to the daily average of 6.3 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 6138.55, down 2.67% on the day. Coforge Ltd jumped 28.45% in last one year as compared to a 27.78% rally in NIFTY and a 33.3% spurt in the Nifty IT index.The PE of the stock is 48.64 based on TTM earnings ending June 24.Powered by Capital Market - Live

Coforge announced that the 32th Annual General Meeting (AGM) of the company will be held on 23 August 2024.Powered by Capital Market - Live

Coforge Ltd gained for a third straight session today. The stock is quoting at Rs 6359, up 2.91% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24341.6. The Sensex is at 79865.77, down 0.7%. Coforge Ltd has risen around 18.85% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has risen around 13.06% in last one month and is currently quoting at 40044.7, up 0.03% on the day. The volume in the stock stood at 5.54 lakh shares today, compared to the daily average of 7.1 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 6360.7, up 2.69% on the day. Coforge Ltd is up 35.65% in last one year as compared to a 23.68% spurt in NIFTY and a 34.59% spurt in the Nifty IT index.The PE of the stock is 47.78 based on TTM earnings ending June 24.Powered by Capital Market - Live

However, Revenue from operations increased 1.79% to Rs 2,400.8 crore in Q1 FY25 as compared to Rs 2,358.5 crore reported in the preceding quarter same year. On year on year (YoY) basis, the IT firm's net profit fell 19.41% while revenue grew 8.09% in Q1 FY25. Profit before tax was at Rs 204.7 crore in June 2024 quarter, down 28.32% QoQ and down 8.69% YoY. EBITDA decreased 4.2% QoQ and 20.9% YoY to Rs 428.6 crore in the first quarter of FY25. EBITDA margin stood at 17.9% in Q1 FY25 as against 19% in Q4 FY24 and 16% in Q1 FY23. In dollar terms, the company's revenue was $291.4 million, up 1.6% QoQ and up 7.2% YoY. In constant currency (CC) terms, revenue was up by 1.6% QoQ. In Q1 FY25, the company's order intake was $ 314 million. Total order book executable over the next 12 months was at $ 1,070 million, up 19.28% YoY. 10 new client were added during the quarter. Headcount at the end of the quarter was at 26,612. LTM attrition stood at 11.4% in Q1 FY25, down 192 bps YoY. Sudhir Singh, chief executive officer, Coforge, said, 'FY25 has started on a strong note with a healthy increase in EBITDA margins by 210bps over last year and OCF of $23.2 million. A very strong executable order book, backed by the highest ever headcount addition, sets us up for continued growth ahead.' Meanwhile, The company's board has declared interim dividend of Rs 19 per share for the financial year 2024-25. The board has fixed 02 August 2024, as the Record Date. The interim dividend would be paid within 30 days from the date of declaration of dividend. Further, Coforge DPA NA Inc., a wholly-owned step-down subsidiary of the company has agreed to enter into an asset purchase agreement with OptML Inc. and its shareholders to acquire customer contracts, key managerial personnel, employees and sub-contractors/vendors of OptML Inc. (collectively, the 'Asset Purchase Agreement') subject to completion of conditions precedent as per Asset Purchase Agreement. Furthermore, the board also discussed the fund utilization certificate issued by CRISIL Ratings with respect to utilization of funds raised through qualified institutional placement. Coforge is a global digital services and solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. The firm has a presence in 21 countries with 26 delivery centers across nine countries. The scrip advanced 2.03% to Rs 6,195.05 on the BSE. Powered by Capital Market - Live

Coforge announced that the Board of Directors of the Company at its meeting held on 22 July 2024, has recommended a Interim dividend of Rs.19 per share (i.e.190%), subject to the approval of the shareholders.Powered by Capital Market - Live

Coforge announced that Sunil Fernandes, (EVP - Global Delivery Head) has been appointed as Senior Management Personnel with effect from 22 July 2024. Powered by Capital Market - Live

Net profit of Coforge declined 19.42% to Rs 133.20 crore in the quarter ended June 2024 as against Rs 165.30 crore during the previous quarter ended June 2023. Sales rose 8.10% to Rs 2400.80 crore in the quarter ended June 2024 as against Rs 2221.00 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2400.802221.00 8 OPM %12.2213.78 - PBDT286.20299.90 -5 PBT204.70224.20 -9 NP133.20165.30 -19 Powered by Capital Market - Live