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Coforge Q1 Results: Profit Dips 40.5%, Revenue Up 1.8%

The board has also recommended an interim dividend of Rs 19 per share, and the record date for the payout will be Aug. 2.

Haripriya Sureban

Sudhir Singh, chief executive officer at Coforge. (Photo: Company)

Mid-tier IT firm Coforge Ltd. reported a 40.5% dip in profit in the first quarter of fiscal 2025. The company reported a net profit of Rs 133.2 crore in the quarter-ended June due to the one-off effect of the Cigniti Technologies acquisition. This compares with the Rs 226.1-crore consensus estimate of analysts tracked by Bloomberg.

Also Read: Coforge Buys Additional Stake In Cigniti Technologies Worth Rs 645 Crore

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