Coforge Share Price Today: Stock Surges 13% - Details

Shares of midcap IT company Coforge surged 13% today following the announcement of its Q3 FY2025 results and a dividend of Rs 19 per share.

Coforge Share Price Today 
Coforge's stock opened a gap up at Rs 8710 on the NSE, marking a nearly 6% increase from the previous close of Rs 8228.20. The stock reached an intraday high of Rs 9275.95, up 13%.

On the BSE, Coforge opened at Rs 8725.05 and reached a high of Rs 9319.85.

Coforge Q3 Results 
In its Q3 results, Coforge reported a 10% year-on-year increase in Profit After Tax (PAT) to Rs 268 crore. The company's revenue from operations grew significantly by 43% YoY, reaching Rs 3,318.2 crore, up from Rs 2,323.3 crore in Q3 FY2024.

Coforge Dividend 
The board of Coforge recommended an interim dividend of Rs 19 per share for the financial year 2024-25. The record date for eligibility is January 30, 2025.
‘The Board has also declared third interim dividend of Rs. 19/- (Rupees Nineteen only) per Equity Share of the Company having face value of Rs. 10/- each fully paid-up, for the financial year 2024-25,’ as mentioned in the exchange filing. The payment of interim dividend would be done within 30 days from the date of declaration of dividend."

Coforge : Strategic Acquisition and Fund Utilization
Coforge's U.S. subsidiary, Coforge Inc., has entered into an agreement to acquire Xceltrait Inc., a digital transformation company, for $17.85 million. This move is aimed at bolstering Coforge’s capabilities in cloud solutions and digital transformation services.

The Board also reviewed a fund utilization certificate related to proceeds from the Qualified Institutional Placement (QIP) conducted earlier.