Coforge shares soar 12% on reporting 10% YoY jump in Q3 PAT, 43% surge in revenue

Shares of Coforge soared 12% to their day’s high of Rs 9,198.2 on the BSE on January 23 as the company, in the early hours of the day, announced its Q3 results for FY25, reporting a 10.3% YoY increase in its adjusted profit after tax (PAT) at Rs 268 crore.

Meanwhile, revenue from operations grew by 42.8% YoY, reaching Rs 3,318.2 crore, up from Rs 2,323.3 crore reported in Q3FY24.

Coforge’s revenue of Rs 3,318.2 crore (US$ 397.1 million) in the latest quarter represents an 8.4% sequential increase in constant currency terms. The EBITDA for the quarter stood at Rs 519 crore, up by 29.3% YoY.


Additionally, the company’s board has recommended an interim dividend of Rs 19 per share, with the record date for this payout set as January 30, 2025.

Coforge reported a strong performance with a $501 million order intake, marking the second consecutive quarter exceeding US$500 million, including four large deals signed across North America and ASEAN.

The company also announced that its wholly-owned overseas subsidiary Coforge Inc. will acquire US-based Xceltrait Inc. for around $17.85 million.

Also read: BPCL shares in focus on posting 20% YoY rise in Q3 profit, dividend announcement

The Cigniti business also performed well, achieving 3.5% constant currency quarter-on-quarter growth and a significant improvement in EBITDA margin to 17.3%, up from 11% in Q4 FY24.

Coforge’s IT attrition (LTM) stood at 11.9%, which continues to be among the lowest in the IT services industry.

Coforge’s share price closed flat at Rs 8,225.10 on the BSE on Wednesday.

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