Coforge Ltd. shares surged over 11% in today’s trading session, hitting a high of ₹7,648.70, after the company reported robust Q2 FY25 earnings. This increase pushed the company’s market capitalization past ₹50,108 crore.
Key highlights of Coforge’s Q2 FY25 performance include a 26.3% quarter-on-quarter (QoQ) and 33% year-on-year (YoY) increase in constant currency (CC) revenue, largely driven by the company’s recent acquisition of Cigniti.
The company also posted EBIT margins of 11.8%, with organic EBIT margins slightly higher at 12.2%. Despite the strong revenue growth, organic EBIT margins saw a drop of 147 basis points (bps) from 13.6% in the previous quarter.
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