Coforge Limited shares quoted ₹ 7,624.50 for ₹ 128 or 1.71 percent in the NSE at 11 am
Investment companies have updated their qualifications in Coforge after the strong financial performance of the company’s fourth quarter announced yesterday. Jefferies maintained his recommendation to “buy” at the IT solution supplier while increasing its target price significantly to ₹ 9000 of the previous ₹ 7,860. The firm cited the constant growth of co -affore currencies of 3.4 percent quarter to quarter as a positive key surprise and believes that it is likely to maintain strong growth.
Jefferies maintained his estimates of fiscal year 26-27 for Coforge and waits for an EPS of 23 percent Cag on fiscal year 2016-28. The firm pointed out that consistent execution and a strong growth perspective should support the company’s valuations.
Meanwhile, HSBC Tok is a more conservative approach, maintaining a “retention” rating in Coforge, while reducing its objective price to ₹ 8,035 of ₹ 8,765 previously.
These qualification updates follow the Coforge announcement of exceptional results for fiscal year 2015 yesterday. The company announced exceptional financial results for fiscal year 2015, with the annual income that grew by 32.0 percent year after year in terms of constant currencies to reach $ 1.45 billion. The IT solution supplier reported a partially solid yield in the fourth quarter, with the income that increased 3.4 percent quarter to quarter and 43.8 percent year after year in constant currency.
The company obtained a record agreement of a value of value of total contract of $ 1.56 billion that deals with the fourth quarter, along with four other major offers in the regions of North America, the United Kingdom and APAC. This contributed to an executable book of orders worth $ 1.5 billion for the next twelve months, which represents an increase of 47.7 percent compared to the previous year.
Ebitda for the fourth quarter stood at $ 68 million, growing 12.2 percent of quarter against quarter and 32.7 percent year after year, with margins that improve at 16.9 percent. The Board has recommended a provisional dividend of ₹ 19 per share, with May 12, 2025, established as the registration date.
“Fy25 was an exceptional year promoted by 14 major agreements and broad growth in all our verticals and GEO -based businesses,” Southir Singh, CEO and executive director said. “The growing diving of large offers positions us well for strong growth in fiscal year 26”.
The company maintained a low or 10.9 percent drop -out rate while expanding its workforce to 33,497 employees, an increase of 35.5 percent since the beginning of the fiscal year. Coforge also launched a Center for Excellence Genai in collaboration with Servicenow focused on the development of AI solutions for financial services and travel industries.
Posted on May 6, 2025