Coforge shares surged more than 6% in today’s trading session, reaching a high of ₹7,269 in early trade, following the announcement of its robust Q2 FY25 earnings. This jump comes after a previous close of ₹6,800.
The company reported a 26.3% quarter-on-quarter (QoQ) and 33% year-on-year (YoY) growth in constant currency (CC) revenue for Q2 FY25, bolstered by the recent acquisition of Cigniti. Organic revenue also showed growth, standing at ₹309.8 crore, up 6.3% QoQ and 11.4% YoY.
Coforge’s reported EBIT margins came in at 11.8%, with organic EBIT margins slightly higher at 12.2%. However, organic EBIT margins saw a decline of 147 basis points (bps) compared to the previous quarter’s 13.6%.
The company’s performance reflects strong growth despite some margin contraction, driven by organic and acquisition-related contributions.
Disclaimer: This article is for informational purposes only. Please refer to official announcements for more detailed information.
