Coforge shares rose over 11% in today’s trading session, reaching a high of ₹7,648.70 in early trade after the company reported strong Q2 FY25 profits.
The firm reported a 26.3% quarter-on-quarter (QoQ) and 33% year-on-year (YoY) increase in constant currency (CC) revenue in Q2 FY25, boosted by the recent acquisition of Cigniti.
Coforge reported EBIT margins of 11.8%, while organic EBIT margins were marginally higher at 12.2%. However, organic EBIT margins fell 147 basis points (bps) from the previous quarter’s 13.6%.
As of 10:38 am, Coforge shares were trading 11.78% higher at Rs 7,601.35 on the NSE.
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