• Source:JND
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Coforge shares rose 11% in morning trade on Wednesday as the company announced a 5.4% year-on-year rise in profit after tax (PAT) to Rs 255.9 crore in Q3 FY2024-25. Meanwhile, the company's revenue from operations grew 42.8% year-on-year to Rs 3,318.2 crore from Rs 2,323.3 crore in Q3 FY24.

At around 11:32 am, the shares were trading at Rs 9,174.0, up 11.49% against the previous day's closing price on NSE. The stock was trading with a jump of over 11% on the BSE as well. 

Coforge shares opened higher at 8,710.00 against the last session closing value of Rs 8,228.20 per share on NSE. In a while, the stock soared nearly 12% to hit an intraday high at Rs 9,206.75 per share till the above-mentioned time.

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Coforge Q3 Result

In the December 2024 quarter, the firm reported a growth of 10% in net profit, which stood at Rs 2,680 crore in the third quarter as against Rs 2,428 crore in the same quarter last year. Coforge's attrition rate was 11.9% at the end of the December quarter.

Meanwhile, the company's revenue grew 42.8% to Rs 3318.2 crore in the October-December quarter. The EBITDA grew 29.3% to Rs 519 crore against revenue of Rs 401.2 crore in the December 2023 quarter.

The board also recommended an interim dividend of Rs 19 per share. The record date for the dividend has been set as January 30, 2025.

The company said it received a strong total order of $501 million during the quarter. it has also informed that Four major deals were signed during the quarter and it was followed by a 40.1% year-on-year increase in order book execution in the trailing 12 months to $1,365 million at the end of the quarter.

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