Coforge share price soars over 12%, Persistent Systems up 11% on Q3 results, dividend announcements

Coforge shares rose as much as 12.27% to ₹9,238.25 apiece on the National Stock Exchange (NSE). At 11:56 pm, it was up 12.16% to ₹9,228.75 per share.

Persistent Systems shares climbed up to 11.52% on the NSE to trade at ₹6337.95 a unit. At 11:56 am, the stock was up 10.91% to ₹6,303 apiece.

Coforge Q3 results and dividend announcement

The company reported a 6.57% increase in its consolidated net profit to ₹215.5 crore in Q3 FY25, compared to ₹202.2 crore in the second quarter of FY25.

Sequentially, revenue from operations surged 8.35% to ₹3,318.2 crore in the three-month period ended December 2024.

Sudhir Singh, Chief Executive Officer and Executive Director of Coforge, said the company is confident that the coming year will see a "robust and sustained growth."

In Q3 FY25, the company's order intake was US$501 million, marking the second consecutive quarter of over $500 million order intake. It also signed four large deals in the December quarter across North America and ASEAN.

"A 8.4% sequential cc growth, a 40.3% cc YoY growth in a seasonally weak quarter, four large deals in that same quarter, a concurrent and material sequential expansion of 122 bps in margins, a Cigniti business that has already touched an EBITDA margin of 17.3%, a large deals pipeline that is looking very robust and finally an ever strengthening next twelve month signed order book which now is 40% higher YoY gives us confidence that the coming year shall once again see robust and sustained growth," Singh said.

The Board of Coforge Ltd has announced a third interim dividend of ₹19 per equity share. The record date has been fixed as January 30, 2025.

The company said in a regulatory filing that the interim dividend payment would be made within 30 days from the date the dividend was declared.

Coforge also announced that its wholly-owned subsidiary, Coforge Inc., will acquire Xceltrait Inc. for around $17.85 million.

Persistent Systems Q3 results

The company posted a 14.8% surge in its post-tax profit to ₹372.99 crore in the latest October-December quarter, compared to ₹324.9 crore in Q2 FY25. Sequentially, the revenue from operations increased 5.7% to ₹3,062.28 crore.

The Board of Directors of Persistent Systems declared an interim dividend of ₹20 per share.

The record date has been set as January 31, 2025. The IT firm said, "The payment of the interim dividend will be made within the prescribed time as per the provisions of the Companies Act, 2013."