Stock Market

Coforge shares surge 2% after company maintains FY25 margin guidance

By Aditya Bhagchandani

Coforge shares surged over 2% today after the IT solutions company maintained its margin guidance for the financial year 2024-25. Coforge reported its financial results for the first quarter of the FY25.

For the quarter ending June 30, 2024, Coforge reported sales of INR 24,008 million, up from INR 22,210 million in the same period last year. The company’s revenue also increased to INR 24,262 million from INR 22,370 million a year ago.
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However, net income dropped to INR 1,332 million compared to INR 1,653 million last year. Basic earnings per share from continuing operations fell to INR 20.93 from INR 27.06 a year ago, while diluted earnings per share from continuing operations decreased to INR 20.78 from INR 26.54 a year ago.

As of 9:40 AM, Coforge shares were trading 1.97% higher at ₹6,196.20 on the NSE.

Aditya Bhagchandani

Aditya is a versatile writer and journalist with a passion for sports and a wide range of experiences in business, politics, tech, health, and the market. With a unique perspective, he captivates readers through engaging storytelling.

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