Rs 19 Interim Dividend: IT Company Sets Record Date Next Week

Coforge Limited, a leading global IT solutions provider, reported its unaudited financial results for Q3 FY25. The company has announced a dividend to reward its shareholders.

Coforge Dividend

Coforge’s Board approved an interim dividend of ₹19 per equity share, with a face value of ₹10.

‘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.

Coforge Dividend Record Date

The record date for determining eligibility is set as January 30, 2025. The dividend payment will be completed within 30 days of declaration.
‘the Board has fixed January 30, 2025 as the “Record Date” for the purpose of ascertaining the eligibility of shareholders for payment of third interim dividend,’ as mentioned in the exchange filing.

Coforge Limited Q3 Results 
Consolidated revenue stood at ₹33,182 million, reflecting a remarkable increase from ₹23,233 million in the same quarter last year. The company’s profit before tax was ₹3,433 million, with a net profit attributable to shareholders at ₹2,155 million.

The performance was bolstered by growth across key geographies. Revenue from operations in the Americas rose to ₹18,574 million, followed by EMEA (Europe, Middle East, and Africa) at ₹11,333 million. Asia Pacific and India contributed ₹2,085 million and ₹1,190 million, respectively.

Coforge: Strategic Acquisition to Boost US Presence
In a strategic move, Coforge announced that its U.S. subsidiary, Coforge Inc., has entered into an agreement to acquire Xceltrait Inc., a digital transformation company, for $17.85 million. This acquisition is expected to enhance Coforge’s capabilities in cloud solutions and digital transformation services.

The Board also reviewed a fund utilization certificate provided by CRISIL Ratings Limited regarding proceeds from the Qualified Institutional Placement (QIP) conducted earlier.