Coforge sees an uptick in profit and revenue for the fourth quarter but has missed the Bloomberg analyst's estimates. The board has also declared the fourth interim dividend of Rs 19 per equity share for the financial year 2025.
Coforge Q4 Highlights (Consolidated, QoQ)
Revenue up 4.6% to Rs 3,409 crore versus Rs 3,258 crore (Bloomberg estimate: Rs 3,527 crore)
Net Profit up 21% to Rs 261.2 crore versus Rs 215.5 crore (Bloomberg estimate: Rs 282.4 crore)
The company has posted a 4.6% uptick in its topline growth at Rs 3,409 crore. Despite this rise, the company missed the revenue estimate that was placed at Rs 3,527 crore.
While Coforge also posted a notable profit of Rs 261.2 crore. This marks a 21% uptick compared to the previous quarter but has still missed the consensus estimates by Bloomberg analysts.
Additionally, after posting their fourth quarter results, the company has also announced a stock split.
The company has fixed June 4 as the ‘Record Date' for determining the entitlement of shareholders for the 1:2 stock split.
Coforge will split each fully paid-up equity share of a face value of Rs 10 into two shares of a face value of Rs 5 each.
The company also said in their press release that it had a record large deal closure of $1.56 billion in total contract value in the March quarter with five large deals signed. The order is executable at $1.5 billion, which marks a 47.7% increase compared to the previous year.
Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
