The shares of the digital services provider gained up to 1.09 percent after the company’s board approved the scheme of amalgamation of Cigniti Technologies with the company.
With a market capitalization of Rs 63,834.00 crore, the shares of Coforge Ltd were trading at Rs 9,545.00 per share, increasing around 1 percent as compared to the previous closing price of Rs 9,449.85 apiece.
Reason for rise
The shares of the company have seen bullish movement after Coforge Ltd’s board approved the scheme of amalgamation of Cigniti Technologies with the company. Currently, Coforge holds 54% of Cigniti’s expanded share capital.
Moreover, 1 equity share of the Transferee Company of Rs 10 each fully paid up for every 5 equity shares of the Transferor Company of Rs 10 each fully paid up”
Financial Outlook
Examining the company’s financial performance, revenue increased by 34 percent from Rs 2,276 crore in Q2FY24 to Rs 3,062 crore in Q4FY25. During the same period, net profit increased by 24 percent, from Rs 188 crore to Rs 234 crore.
Management Overview
Management highlighted Q2 FY2025 as a strong quarter, validating key assertions: the Cigniti acquisition, driven by healthy fundamentals and growth synergies; Coforge’s robust organic business; and a positive demand environment shift based on internal data, not external analyst reports.
Order Intakes
The company reported an order intake of $516 million for the quarter, including $67 million from Cigniti. Its signed order book for the next 12 months increased to $1.3 billion, reflecting a 40% year-on-year growth, highlighting strong demand and growth momentum.
Vertical Performance
The company saw strong vertical growth with Banking and Financial Services up 5.2%, contributing 31.3% to revenue. Insurance grew 8.9% (21.8%), Travel increased 6.2% (18%), and Government rose 6.7%, contributing 7.8%, reflecting overall positive performance across key sectors.
Partnerships and Recognitions
The company launched its Environmental Net Zero Offering (ENSO) in partnership with ERM and Salesforce. It renewed its Microsoft Azure Expert Managed Service Partner designation and was promoted to a top-tier partner in Pega’s Global Elite programme, strengthening its industry position.
Company Snapshot
Coforge Limited is an India-based information technology (IT) solutions provider. It specializes in application development and maintenance, managed services, cloud computing, and business process outsourcing. The Company offers computer programming consulting and related services.
Written by:- Abhishek Singh
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