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Economic Times
06-05-2025
- Business
- Economic Times
Coforge shares in focus after Q4 profit rises 16.5% YoY to Rs 261 crore
Coforge shares will be in focus on Tuesday after the IT solutions firm reported a 16.5% year-on-year rise in consolidated net profit to Rs 261 crore for the March quarter. The net profit attributable to shareholders stood at Rs 224 crore in the same period last year. ADVERTISEMENT Revenue from operations rose 47% YoY to Rs 3,410 crore in Q4 FY25, compared to Rs 2,318 crore in Q4 FY24. On a sequential basis, profit rose 21%, while revenue grew 4.6%. The company reported an order intake of USD 2.1 billion for the quarter, signing five large deals across North America, the UK, and APAC. For the full financial year, net profit rose slightly to Rs 812 crore from Rs 808 crore in FY24. Annual revenue grew 33.7% to Rs 12,051 crore, up from Rs 9,009 crore in the previous financial figures are based on continuing operations -- excluding the AdvantageGo business that Coforge divested in April 2025. Also Read: 5 timeless Warren Buffett quotes every investor should know ADVERTISEMENT "FY25 was an exceptional year where the firm grew 32% in CC terms -- driven by 14 large deals and broad-based growth in all of our verticals and geo-based businesses. The USD 1.56 billion TCV deal signed in Q4, a 47.7% YoY increase in the order executable book for next twelve months, and a growing large deals pipeline positions us well for strong growth in FY26," said Sudhir Singh, Chief Executive Officer and Executive Director, company's total employee count stands at 33,497. ADVERTISEMENT The board has recommended an interim dividend of Rs 19 per share, with May 12, 2025, as the record date. Also Read: 8 Nifty Microcap stocks that can jump 100-230% in the next 12 months ADVERTISEMENT As per Trendlyne data, the average target price of the stock is Rs 8,749, which shows an upside of 17% from the current market prices. The consensus recommendation from 31 analysts for the stock is a 'Buy'. On Monday, Coforge shares closed 1.5% higher at Rs 7,499 on the BSE, while the benchmark Sensex rose 0.37%. The stock has declined 22% year-to-date but gained 82% over the past two years. Its current market cap stands at Rs 50,153 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
05-05-2025
- Business
- Business Standard
Coforge Q4 results: Net profit jumps 16.5% to Rs 261 crore in March
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 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 $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 divested in April 2025. "FY25 was an exceptional year where the firm grew 32 per cent in CC terms -- driven by 14 large deals and broad-based growth in all of our verticals and geo-based businesses. "The $1.56 billion TCV deal signed in Q4, a 47.7 per cent YoY increase in the order executable book for next twelve months, and a growing large deals pipeline positions us well for strong growth in FY26," said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge. Coforge's total employee count stands at 33,497. The Coforge board has recommended an interim dividend of Rs 19 per share. The record date for this payout will be May 12, 2025. Shares of Coforge settled 1.51 per cent higher at Rs 7,499.10 apiece on the BSE on Monday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
05-05-2025
- Business
- Time of India
Coforge Q4 net profit rises 16.5% to Rs 261 crore; revenue up 47%
IT services firm Coforge on Monday reported a 16.5 per cent year-on-year rise in consolidated net profit to Rs 261 crore for the March quarter, up from Rs 224 crore in the corresponding period last year, as per a regulatory filing. Tired of too many ads? go ad free now Revenue from operations for Q4 FY25 stood at Rs 3,410 crore, marking a 47 per cent increase from Rs 2,318 crore in Q4 FY24. On a sequential basis, net profit rose 21 per cent, while revenue saw a 4.6 per cent uptick. Coforge reported an order intake of USD 2.1 billion for the fourth quarter, which included five large deal wins across North America, the UK, and the APAC region. For the full fiscal year, the company posted a marginal increase in net profit, rising to Rs 812 crore in FY25 from Rs 808 crore in FY24. Annual revenue, however, saw significant growth, climbing 33.7 per cent to Rs 12,051 crore from Rs 9,009 crore a year earlier. All reported financials are from continuing operations and exclude the AdvantageGo business, which the company divested in April 2025. 'FY25 was an exceptional year where the firm grew 32 per cent in CC terms — driven by 14 large deals and broad-based growth in all of our verticals and geo-based businesses,' said Sudhir Singh, Chief Executive Officer and Executive Director of Coforge. He added, 'The USD 1.56 billion TCV deal signed in Q4, a 47.7 per cent YoY increase in the order executable book for next twelve months, and a growing large deals pipeline positions us well for strong growth in FY26.' Coforge's total employee base now stands at 33,497. The company's board has recommended an interim dividend of Rs 19 per share, with the record date set for May 12, 2025.
Time of India
05-05-2025
- Business
- Time of India
Coforge posts 16.5% rise in profit to Rs 261 crore in Q4
Live Events IT solutions firm Coforge on Monday reported a 16.5% 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 from operations for the quarter under review rose 47% year-on-year to reach Rs 3,410 crore, against Rs 2,318 crore in Q4 sequentially, profit and revenue rose 21% and 4.6%, 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 the full fiscal year, profit saw a marginal increase, from Rs 808 crore in FY24 to Rs 812 crore in in FY25 climbed 33.7% to Rs 12,051 crore in FY25, from Rs 9,009 crore in the previous fiscal financial figures are based on continuing operations -- excluding the AdvantageGo business that Coforge divested in April 2025."FY25 was an exceptional year where the firm grew 32% in CC terms -- driven by 14 large deals and broad-based growth in all of our verticals and geo-based businesses."The USD 1.56 billion TCV deal signed in Q4, a 47.7% YoY increase in the order executable book for next twelve months, and a growing large deals pipeline positions us well for strong growth in FY26," said Sudhir Singh, Chief Executive Officer and Executive Director, total employee count stands at 33, Coforge board has recommended an interim dividend of Rs 19 per share. The record date for this payout will be May 12, of Coforge settled 1.51% higher at Rs 7,499.10 apiece on the BSE on Monday.
Business Standard
30-04-2025
- Business
- Business Standard
Coforge divests its entire stake in Coforge Advantage Go to Sapiens UK
Coforge, as part of a recent strategic review and corporate restructuring announced the divestment of Coforge Advantage Go. Coforge U.K., a wholly owned subsidiary of the company has agreed to enter into a share purchase agreement with Sapiens UK for sale and transfer of entirety of shareholding held by it in Coforge Advantage Go, subject to completion obligations. Sapiens will pay a base consideration of GBP 43,000,000 for the transaction which is expected to be completed in 4-6 weeks. AdvantageGo is a leading product provider in Commercial and Specialty space with a dominant market position in Lloyd's Syndicate Market. AdvantageGo has been in business for 30+ years and has served several marquee insurers over the years.
