Coforge Q4 FY25 Results: Profit up 16.5%, Dividend ₹19

Results snapshot and why it matters

Coforge announced its financial results for the quarter ended March 2025 (Q4 FY25) on May 5. The company reported double-digit growth in profit and a sharp year-on-year jump in revenue from operations, alongside strong large-deal closures. Management also highlighted a higher executable order book for the next 12 months, which is a key indicator of near-term revenue visibility for IT services firms. The board declared a fourth interim dividend for FY 2024-25, setting a record date in May 2025. Separately, Coforge continued to progress on its Cigniti Technologies transaction, including completing an open offer that increased its stake.

Q4 FY25: Profit up YoY and sequentially

For Q4 FY25, Coforge reported consolidated net profit of ₹261 crore, up 16.5% year-on-year from ₹224 crore in Q4 FY24. The company also reported sequential improvement in profit of 21% quarter-on-quarter. Another disclosure in the provided material cited consolidated net profit of ₹307.3 crore for Q4 FY25, describing 34% YoY growth from ₹229.2 crore in the year-ago quarter. The company also reported that profit improved from ₹215.5 crore in the previous quarter to ₹261.2 crore in Q4 FY25 in one market report.

In operating metrics, one report stated EBIT surged 21% to ₹261.2 crore in Q4 FY25 versus ₹215.5 crore QoQ, with margin at 11.8% compared with 9.8% QoQ. Another results note reported Q4 FY25 EBITDA of ₹548.4 crore, up 35.9% YoY from ₹403.4 crore.

Q4 FY25: Revenue jumps 47% YoY

Revenue from operations in Q4 FY25 rose 47% YoY to ₹3,410 crore, compared with ₹2,318 crore in Q4 FY24. Sequentially, revenue increased 4.6% from ₹3,250 crore in Q3 FY25 to ₹3,409 crore in Q4 FY25. On a constant currency basis, revenue was reported to be up 43.8% YoY, and in US dollar terms up 43.6% YoY. In another note, constant currency revenue growth was cited at 3.4% QoQ.

The company also stated that the reported revenue for the quarter was ₹3,469.1 crore (USD 410.2 million) in one result highlight, alongside an adjusted EBITDA margin of 18.7% after improving 101 basis points QoQ.

FY25 performance: Growth led by large deals

For the full year FY25, Coforge reported net profit of ₹812 crore, marginally higher than ₹808 crore in FY24. Annual revenue rose 33.7% to ₹12,051 crore from ₹9,009 crore. The company stated these figures exclude the AdvantageGo business, which was divested in April 2025.

Coforge also reported constant currency growth of 32% for the year, supported by 14 large deals across geographies and verticals. Another annual operating metric disclosed in the material was FY25 EBITDA of ₹1,998.2 crore, up 31.7% year-on-year.

Deal momentum: $1.1 billion order intake and $1.56 billion TCV

Coforge reported order intake of USD 2.1 billion during Q4 FY25, including five large deals. The total contract value (TCV) for the large deals signed in the quarter was stated at USD 1.56 billion. The company also said its executable order book for the next 12 months reached USD 1.5 billion, reflecting a 47.7% increase year-on-year and a 10.3% rise sequentially.

Management commentary in the provided text linked the quarter’s deal activity to stronger revenue visibility, with CEO and Executive Director Sudhir Singh stating that FY25 delivered 32.0% constant currency growth driven by large deals and broad-based growth across verticals and regions.

Workforce and attrition: Headcount rises, attrition improves

As of the end of Q4 FY25, Coforge’s employee count stood at 33,497, with a net addition of 403 during the quarter. The company also stated its workforce increased by 35.5% since the beginning of FY25. Attrition for Q4 FY25 was reported at 10.9%, improving by 60 basis points compared with the same quarter in the previous year.

Dividend and key dates: Interim dividend of ₹19

The board declared a fourth interim dividend of ₹19 per equity share for FY 2024-25. The record date for identifying eligible shareholders was set as May 12, 2025, and the company stated the dividend would be paid within 30 days from the date of declaration.

A separate market report also noted the company fixed June 4 as the record date for determining shareholder eligibility for a 1:2 stock split, under which a ₹10 face value share would be split into two ₹5 face value shares.

Stock market reaction and trading range

After the results announcement, Coforge shares closed higher. The material cited a close of ₹7,499.10 on the BSE, up 1.51%, and also reported a close of ₹7,501 on May 5, up ₹119 or 1.61% for the day. Intraday, the stock opened at ₹7,420 and traded between a high of ₹7,595 and a low of ₹7,400. The company’s market capitalisation was reported at ₹46,390 crore, with a P/E ratio of 63.01 and dividend yield of 1.01%. The 52-week range was reported as ₹4,287.25 to ₹10,026.80.

Cigniti transaction: Open offer completed and merger mechanics updated

Coforge said it completed its open offer for Cigniti Technologies Limited, acquiring an additional 4.69% at ₹1,415 per share, taking its total shareholding to 32.68%. Separately, the material noted that Coforge had earlier signed an agreement on May 2, 2024 to acquire up to 54% of Cigniti, followed by acquisitions of 27.73% (July 5, 2024), 4.65% via open offer (November 20, 2024), and 21.62% via an off-market transaction (December 20, 2024), completing the 54% acquisition.

The board also approved amendments to the Scheme of Amalgamation with Cigniti to revise the share exchange ratio following Coforge’s stock split. Under the revised terms, shareholders would receive 1 equity share of Coforge (face value ₹2) for every 1 equity share of Cigniti (face value ₹10), with all other terms unchanged.

Key numbers table

What investors will track next

The results narrative from Coforge emphasised two immediate drivers: large-deal conversion and execution against the next-12-month order book. Investors will also watch how the Cigniti integration and the amalgamation process develop, including any regulatory steps referenced in the material such as SEBI approval for the filed scheme. For shareholders, the near-term focus includes the May 12, 2025 dividend record date and the stated dividend payment timeline of within 30 days from declaration.