Net profit of Coforge declined 9.45% to Rs 215.50 crore in the quarter ended December 2024 as against Rs 238.00 crore during the previous quarter ended December 2023. Sales rose 42.82% to Rs 3318.20 crore in the quarter ended December 2024 as against Rs 2323.30 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3318.202323.30 43 OPM %13.3517.01 - PBDT470.10375.50 25 PBT343.30294.40 17 NP215.50238.00 -9 Powered by Capital Market - Live

The company's gross revenues increased by 8.4% quarter-on-quarter (QoQ) to Rs 3,318.2 crore in the December 2024 quarter. In dollar terms, revenue was $397.1 million, up 7.5% QoQ and 40.8% YoY in USD terms. In constant currency terms, the revenue rose by 8.4% QoQ and 40.3% YoY in constant currency (CC) terms. While EBITDA improved by 7.2% to Rs 519 crore, EBITDA margin declined by 17 basis points to 15.6% in Q3 FY25 as compared with Q2 FY25. Profit before tax in Q3 FY25 stood at Rs 343.3 crore, up by 9.5% from Rs 313.5 crore in Q2 FY25. As compared with Q3 FY24, the company's revenue and PAT are higher by 42.8% and 5.4%, respectively. Coforge recorded broad based growth across Americas (69.2%), EMEA (20.5%) and RoW (3.3%) YoY. The Cigniti business delivered 3.5% cc QoQ growth and its EBITDA margin improved to 17.3%; up from 11% in Q4 FY24. The company's order intake for Q3 FY25 was $501 million, making it the second consecutive quarter with order intake of more than $500 million. Sustaining its large deal momentum, the company signed four large deals this quarter across North America and ASEAN regions. Coforge's headcount stood at 33,094, with net addition of 611 on a sequential basis. Headcount has increased 16% organically since the beginning of the year. The company's board has recommended an interim dividend of Rs 19 per share, and the record date for this payout will be 30 January 2025. Sudhir Singh, chief executive officer and executive director, Coforge, said: 'A 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.' 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. Powered by Capital Market - Live

Coforge announced that the Board of Directors of the Company at its meeting held on 22 January 2025, inter alia, have recommended the Third Interim dividend of Rs 19 per equity Share (i.e. 190%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Coforge Inc., a wholly owned subsidiary of Coforge has agreed to enter into a stock purchase agreement with Xceltrait Inc. and its stockholders to acquire all of the outstanding shares of capital stock of Xceltrait Inc. for aggregate purchase consideration of approximately $ 17.85 million and completion of closing conditions and closing deliveries as per the stock purchase agreement. The transaction is expected to close by 28 February 2025. Xceltrait Inc which is a specialist in the implementation of ServiceNow's Financial Services Operations (FSO) and Customer Service Management (CSM) modules and brings deep expertise in the P&C insurance industry. With the consummation of the proposed transaction, the group will be able to leverage the abovementioned capabilities and expand across various Coforge accounts.Powered by Capital Market - Live

Coforge has fixed 30 January 2025 as record date for payment of third interim dividend of Rs 19 per share of Rs 10 fully paid up for FY 204-25. Powered by Capital Market - Live

Coforge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 9338.9, down 2.29% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 23541.75. The Sensex is at 77635.94, down 0.66%.Coforge Ltd has gained around 3.67% in last one month.Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has eased around 4.48% in last one month and is currently quoting at 43634.25, down 1.06% on the day. The volume in the stock stood at 1.39 lakh shares today, compared to the daily average of 4.15 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 9352, down 2.7% on the day. Coforge Ltd jumped 51.8% in last one year as compared to a 8.9% rally in NIFTY and a 23.94% spurt in the Nifty IT index.The PE of the stock is 62.91 based on TTM earnings ending September 24.Powered by Capital Market - Live

Shares of Cigniti Technologies were lower by 6.50% to Rs 1729.40 while Coforge rose 0.91% to Rs 9,536.20 on the BSE. Cigniti Technologies is a wholly owned subsidiary of the company, engaged in the business of providing digital assurance and engineering (software testing) services across the world helping in predicting and preventing unanticipated failures, leveraging AI-driven, proprietary continuous testing & test automation solutions, which are platform and tool agnostic, thereby optimizing engagement for customer experience. Its turnover was Rs 464.95 crore as on 30 September 2024. Coforge holds 54% stake in the company's expanded share capital. The amalgamation will create synergized capabilities between the businesses of the companies and create synergized capabilities to offer a strategic advantage in the global arena of AI led assurance and digital engineering IT solutions. The amalgamation will be strategically positioned to expand across diverse industries and regions, with a strong focus on the US market. With prior acquisitions and the amalgamation, the combined entity will create three new scaled up verticals - Retail, Technology and Healthcare. The amalgamation will help the Coforge realize its objective of scaling up its presence across South-West, Mid-West and Western US markets. As per share exchange ratio, Coforge will issue one equity share of Rs 10 each fully paid up for every five equity shares held by the existing shareholders of Cigniti Technologies of Rs 10 each fully paid up. Post scheme of amalgamation, Coforge will dilute 4% stake in Cigniti Technologies. 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. Cigniti Technologies is engaged in providing software testing services across the world. Powered by Capital Market - Live

Coforge Ltd gained for a third straight session today. The stock is quoting at Rs 9610.3, up 1.47% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.01% on the day, quoting at 23954.849609375. The Sensex is at 79251.13, down 1.16%. Coforge Ltd has gained around 17.05% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has gained around 6.82% in last one month and is currently quoting at 45526.85, down 1.57% on the day. The volume in the stock stood at 4.61 lakh shares today, compared to the daily average of 3.45 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 9621, up 1.62% on the day. Coforge Ltd is up 59.14% in last one year as compared to a 13.26% jump in NIFTY and a 28.99% jump in the Nifty IT index.The PE of the stock is 62.4 based on TTM earnings ending September 24.Powered by Capital Market - Live

Coforge Ltd is up for a fifth straight session today. The stock is quoting at Rs 8838.6, up 0.83% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 24596.05. The Sensex is at 81427.54, up 0.58%. Coforge Ltd has gained around 12.89% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has gained around 5.84% in last one month and is currently quoting at 43949.25, up 1.24% on the day. The volume in the stock stood at 2.03 lakh shares today, compared to the daily average of 4.02 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 8876.65, up 1.05% on the day. Coforge Ltd is up 55.02% in last one year as compared to a 17.47% jump in NIFTY and a 34.74% jump in the Nifty IT index.The PE of the stock is 57.65 based on TTM earnings ending September 24.Powered by Capital Market - Live

Coforge will hold a meeting of the Board of Directors of the Company on 22 January 2025Powered by Capital Market - Live