Coforge Share Price | Coforge Shares Jump 9% on Dividend, Q3 Earnings, and Acquisition: Key Highlights

Coforge Share Price | Shares of Coforge jumped 9% on Thursday to hit Rs 8,962 on the BSE. In the past one year, the stock has rallied 45%. The surge comes after the IT company announced strong Q3 results, interim dividend and an acquisition deal.

Coforge Q3 highlights

• Net profit and revenue: Coforge reported a 10.3% rise in net profit for the December quarter with revenue rising 42.8% year-on-year to Rs 3,318.2 crore. In dollar terms, revenue was $397.1 million, up 7.5% quarter-on-quarter and 40.8% year-on-year.
• EBITDA growth: EBITDA grew 29.3% year-on-year and 7.2% quarter-on-quarter. Margins expanded 122 basis points sequentially to 17.3% for its Cignity business.
• Order Intake: The company secured orders worth $501 million for the second consecutive quarter, including four large deals in North America and ASEAN. The total order book for the next 12 months is up 40% year-on-year.
• Employee Number: Coforge’s employee count grew to 33,094, including a net increase of 611 employees in the third quarter and organic growth of 16% since the beginning of the year.

Dividend Declaration

The company declared a third interim dividend of Rs 19 per share, with the record date for eligibility set as January 30.

Acquisition News

Coforge’s wholly-owned subsidiary plans to acquire Exceltrate Inc. for $17.85 million, expanding its presence in key markets.

CEO Statement

Coforge CEO and Executive Director Sudhir Singh highlighted the company’s strong sequential growth, large deal pipeline and improved margins, and expressed confidence in continued growth for the year ahead.

Coforge’s third quarter growth was broad-based, with strong performance across multiple regions:

• Americas: 69.2% YoY growth
• EMEA: 20.5% YoY growth
• Rest of World: 3.3% YoY growth

The company’s consistent performance and strategic moves have well-positioned it for future growth.

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