25 Jan 2025

Coforge Stock Rises Amid Mixed Quarterly Financial Results

Coforge is currently trading at RS 9269.95, marking a rise of 69.15 points or 0.75% compared to its previous close of RS 9200.80 on the BSE.

The stock opened at RS 9156.65 and recorded an intraday high of RS 9430.00 and a low of RS 9072.55. A total of 15,283 shares have been traded so far.

This BSE 'A' group stock, with a face value of RS 10, reached a 52-week high of RS 10017.95 on December 30, 2024, and a 52-week low of RS 4291.05 on May 9, 2024. Over the last week, the stock's high and low were RS 9430.00 and RS 8142.70, respectively. The company’s current market capitalization stands at RS 62128.75 crore.

Institutional investors hold a majority stake of 90.41%, while non-institutional investors own 9.59%.

On the financial front, Coforge reported a 74.17% drop in standalone net profit to RS 105.90 crore for Q3FY25, compared to RS 410.00 crore in the same quarter last year. Standalone total income declined by 1.94% to RS 1542.10 crore, as against RS 1572.60 crore in the corresponding quarter of the previous year.

On a consolidated basis, the company posted a 5.40% growth in net profit, reaching RS 255.90 crore for Q3FY25, up from RS 242.80 crore in the year-ago period. Consolidated total income surged by 44.46% to RS 3377.80 crore, compared to RS 2338.30 crore in the corresponding quarter of the previous year.