IT firm Coforge Ltd on Monday released its fiscal fourth quarter earnings report with profit at Rs 261.20 crore, missing estimates. The company posted a growth of 16.76 per cent as against Rs 223.70 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3409.90 crore, up 47.08 per cent as against Rs 2318.40 crore reported during the fourth quarter of previous financial year. The company EBIT stood at Rs 449.4 crore.
According to a CNBC TV18 poll, Coforge was expected to post Q4 profit at Rs 285 crore and revenue for the quarter in review was estimated at Rs 3530 crore.
For the full year, Coforge recorded revenue at Rs 12,050.7 crore, up 33.8 per cent on-year in INR terms. In USD terms, revenue was at $1.45 billion, up 31.5 per cent YoY. EBITDA for FY25 came in at Rs 1,998.2 crore, up 31.7 per cent YoY.
Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd, said, “FY25 was an exceptional year where the firm grew 32.0% in CC terms —driven by 14 large deals and broad-based growth in all of our verticals and geo-based businesses. Our ability to deliver this very strong performance in an uncertain macro environment demonstrates the strength of our client relationships, the commitment and competence of our team members, and an execution discipline which is uniquely ours. The $1.56 billion TCV deal signed in Q4, a 47.7 per cent YoY increase in the order executable book for next twelve months, and a growing large deals pipeline positions us well for strong growth in FY26.”
Order book
Coforge said that the IT firm has witnessed a record large deals closures during the quarter in review with order intake at $2.1 billion. Executable order book over next twelve months stood at $1.5 billion, which was 47.7 per cent higher than the same period of last year. It increased by 10.3 per cent sequentially. Coforge announced that it has signed 5 large deals during the quarter across North America, UK, and APAC.
Dividend announcement
The company board has declared a fourth interim dividend of Rs 19 per Equity Share of the company having face value of Rs 10 each fully paid-up, for the financial year 2024-25. The board has fixed May 12, 2025 as the “Record Date” for the purpose of ascertaining the eligibility of shareholders for payment of fourth interim dividend. “The payment of interim dividend would be done within 30 days from the date of declaration of dividend,” it said in a regulatory filing.
Attrition rate
Coforge reported an attrition rate of 10.9 per cent in Q4FY25, posting an improvement of 60 bps YoY, and this was among the lowest in the industry. The headcount stood at 33,497, with a net addition of 403 sequentially. Headcount has increased 35.5 per cent since the beginning of the year, it said.