Coforge Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Coforge Ltd reported a 8.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 44.5%.
- Its expenses for the quarter were up by 8.2% QoQ and 48.5% YoY.
- The net profit increased 9.5% QoQ and increased 5.4% YoY.
- The earnings per share (EPS) of Coforge Ltd stood at 31.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3377.80 | 3118.60 | 2338.30 | 8.3% | 44.5% |
Total Expenses | 3034.50 | 2805.10 | 2043.90 | 8.2% | 48.5% |
Profit Before Tax | 343.30 | 313.50 | 294.40 | 9.5% | 16.6% |
Tax | 87.40 | 79.90 | 51.60 | 9.4% | 69.4% |
Profit After Tax | 255.90 | 233.60 | 242.80 | 9.5% | 5.4% |
Earnings Per Share | 31.90 | 30.10 | 38.10 | 6.0% | -16.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Coforge Ltd is a leading global IT solutions organization, primarily engaged in providing end-to-end software solutions and services. The company operates in the information technology sector and is known for its comprehensive IT service offerings, which include digital transformation, enterprise cloud solutions, infrastructure management, and business process outsourcing services. Coforge Ltd is recognized for its expertise in sectors such as banking and financial services, insurance, travel, transportation, hospitality, and healthcare. Recent major developments for Coforge Ltd include strategic partnerships and investments in emerging technologies to enhance service delivery and expand its global footprint. However, specific recent developments are not available in the provided data, and further research would be required for detailed insights.
Revenue
For the third quarter of fiscal year 2025 (Q3FY25), Coforge Ltd reported total income of ₹3377.80 crores. This represents an increase of 8.3% compared to the previous quarter (Q2FY25) when total income was ₹3118.60 crores. On a year-over-year basis, there was a significant increase of 44.5%, as the total income in the third quarter of fiscal year 2024 (Q3FY24) was ₹2338.30 crores. This robust growth in total income reflects the company's ability to enhance its revenue streams over both the short and long term.
Profitability
Coforge Ltd achieved a profit before tax of ₹343.30 crores in Q3FY25, reflecting a quarter-over-quarter increase of 9.5% from ₹313.50 crores in Q2FY25. Year-over-year, profit before tax rose by 16.6% from ₹294.40 crores in Q3FY24. The company's profit after tax for Q3FY25 was ₹255.90 crores, up 9.5% from ₹233.60 crores in the previous quarter. Compared to the same quarter in the previous fiscal year, when the profit after tax was ₹242.80 crores, there was a 5.4% increase. Earnings per share (EPS) in Q3FY25 stood at ₹31.90, which is a 6.0% increase from ₹30.10 in Q2FY25, but a decline of 16.3% from ₹38.10 in Q3FY24.
Operating Metrics
The total expenses for Coforge Ltd in Q3FY25 were ₹3034.50 crores, representing an increase of 8.2% compared to Q2FY25's ₹2805.10 crores. Year-over-year, total expenses rose by 48.5% from ₹2043.90 crores in Q3FY24. The tax expense for the quarter was ₹87.40 crores, which is a 9.4% increase from ₹79.90 crores in the previous quarter and a substantial 69.4% increase from ₹51.60 crores in Q3FY24. These figures indicate the company's operational cost dynamics and tax obligations, contributing to its overall financial performance.
