Page 3 - Coforge

Coforge shares jump 7% on announcing Q4 results, dividend, stock split

Coforge share price: The company's revenue from operations increased 4.6 per cent to ₹3,409.9 crore as compared to ₹3,258.1 crore in Q3

Coforge Q4 results: Net profit jumps 16.5% to Rs 261 crore in March

IT solutions firm Coforge on Monday reported a 16.5 per cent increase in consolidated net profit to Rs 261 crore in the March quarter. It had posted a net profit (attributable to owners of Coforge Ltd) of Rs 224 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the quarter under review rose 47 per cent year-on-year to reach Rs 3,410 crore, against Rs 2,318 crore in Q4 FY24. Seen sequentially, profit and revenue rose 21 per cent and 4.6 per cent, respectively. The firm's order intake in Q4 FY25 stood at USD 2.1 billion. It signed five large deals during the quarter, across North America, the UK, and APAC. For the full fiscal year, profit saw a marginal increase, from Rs 808 crore in FY24 to Rs 812 crore in FY25. Revenue in FY25 climbed 33.7 per cent to Rs 12,051 crore in FY25, from Rs 9,009 crore in the previous fiscal year. All financial figures are based on continuing operations -- excluding the AdvantageGo business that Coforge diveste

Q4 results today: Mahindra & Mahindra, Coforge, Indian Hotels, Zee on May 5

Q4 FY25 company results today: M&M, Coforge, Computer Age Management Services will be among 47 companies to post earnings reports for the January-March quarter on May 5

Motilal Oswal Mutual Fund buys additional shares of Coforge worth Rs 231 cr

Motilal Oswal Mutual Fund (MF) on Thursday acquired additional shares of IT firm Coforge worth Rs 231 crore through an open market transaction. According to the bulk deal data available on the NSE, Motilal Oswal MF purchased 3.5 lakh shares or 0.52 per cent stake in Greater Noida-based Coforge. The shares were acquired at an average price of Rs 6,605.13 apiece, taking the transaction value to Rs 231.18 crore. After the latest transaction, Motilal Oswal MF's equity stake in Coforge rose to 8.58 per cent from 8.06 per cent. Details of the seller(s) of Coforge's shares could not be ascertained on the National Stock Exchange (NSE). The scrip of Coforge on Thursday climbed 3.78 per cent to close at Rs 6,650 per piece on the NSE. On Thursday, Coforge said its wholly-owned subsidiary Coforge Technologies Australia has completed the acquisition of TMLabs from its shareholders in accordance with the share sale agreement.

IT stocks under pressure: Nifty IT slips 7% on fears around recession

The Nifty IT index plunged amid recession-related fears due to US imposing 'reciprocal tariffs' on trading partners without showing signs of backing down

Infosys, TCS: Nifty IT slips 4% amid recession fears as US imposes tariff

The downturn in IT stocks can be attributed to fears around recession and as manufacturing hubs in China and Taiwan face new tariffs above 30 per cent

Here are 5 IT stocks that you can still bet on despite US recession fears

Sumit Pokharna, vice president for fundamental research at Kotak Securities suggests five IT stocks that investors can still bet upon from a long-term perspective

Coforge shares rise 8.4% on record deal, acquisition, stock split

The intraday rise, one of the highest for the mid-tier IT services company, came on a day when the broader BSE Information Technology index also rose 2 per cent

Coforge hits upper circuit as board approves stock split, acquisition

In the board meeting, a stock split was approved in a 1:5 ratio i.e. existing equity shares of face value of Rs 10 each will be split into 33,43,65,495 shares of face value of Rs 2

Stocks to Watch, March 5: Adani Wilmar, Coforge, Biocon, Ola Electric, RVNL

Biocon: The company's subsidiary, Biocon Pharma, has received USFDA approvals for Lenalidomide capsules and Dasatinib tablets, and tentative approval for Rivaroxaban tablets

Coforge signs $1.56 billion IT deal with Sabre to boost AI-driven solutions

The deal is significant at a time when large IT services players have noted that deal sizes from clients are getting smaller with shorter time frames

Coforge share price drops 4% as ex-dividend date kicks in; details here

The drop in the company's share price aligns with the dividend announcement it has made for its shareholders, as the company's shares trade ex-dividend today

Midcap IT in focus: Coforge, Persistent, Cigniti rally up to 11% post Q3

Why are midcap IT stocks rising today: Persistent Systems share price soared 8 per cent to Rs 6,163.45 per share after the company reported broad-based growth across geographies and segments.

Coforge Q3 results: Adjusted PAT rises 10.3% to Rs 268 cr, revenue up 8.4%

Coforge has posted a 10 per cent growth in adjusted net profit for the December quarter to Rs 268 crore, as its CEO exuded confidence that the coming year will continue to see robust and sustained growth for the IT solutions company. The profit attributable to the owners of Coforge, however, dipped to Rs 215.5 crore from Rs 238 crore in the year-ago period. The company officials attributed this to the minority interest factor with regard to its current 54 per cent holding in Cigniti Technologies, which is set to merge with Coforge with effect from April 1, 2025. For the just-ended quarter, the adjusted PAT at Rs 268 crore (excluding minority factor), was up 10.3 per cent on a year-on-year basis, the company said in a release. The revenue stood at Rs 3,318.2 crore, up 8.4 per cent quarter-on-quarter, and 40.3 per cent year-on-year in constant currency terms. The board has recommended an interim dividend of Rs 19 per share, and the record date for this payout will be January 30, ...

Cigniti Technologies slips 8% after board approves merger with Coforge

Coforge will absorb Cigniti and as per the announced swap ratio, Cigniti's shareholders will receive one equity share of Coforge for every five shares of Cigniti held by them

Nifty IT hits life high, tops 46,000; why are IT stocks in demand today?

The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices

Nifty IT index hits record high on December 10: Here's what drove the rally

By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30

Coforge, Wipro, TCS, LTTS rally 11% in one month; Nifty IT hits record

The Nifty IT index hit an all time high on Tuesday, reaching 44,244.60 level, up 1.43 per cent intraday. Meanwhile in the last 30 days, the index has surged 5.24 per cent

Indian Hotels, Federal Bank, Coforge from BSE Midcap index hit record highs

Shares of Coforge hit a new high of Rs 8,236.95, gaining 3%, and zooming 71% in six months, on a strong growth outlook.

IT shares buck trend; Wipro, Infy, TechM gain 2%; Coforge hits new high

At 12:23 pm; the Nifty IT index was the top gainer among sectoral indices, up 1 per cent, as compared to 0.31 per cent decline in the Nifty 50.