Record Date In May For Rs. 19 Dividend & 1:2 Stock Split In June; Is Your Portfolio Ready With This IT Stock?

Coforge is a multinational provider of digital services and solutions. Coforge operates in 23 countries and has 30 worldwide delivery facilities. Following the IT giant's announcement of separate record dates for the Rs. 19 dividend and the 1:2 stock split, the BSE 200 IT stock closed the day 1.05% down on the BSE at Rs 7420.10 per share with a market worth of Rs 49,624.78 Cr. After the stock wraps up an outstanding FY25 with 32.0% CC growth, let's discuss how to trade it.

Coforge Dividend

"The Board of Directors at their meeting held today on May 05, 2025, has declared Fourth Interim Dividend of Rs. 19/- (Rupees Nineteen only) per Equity Share of the Company having face value of Rs. 10/- each fully paid-up, for the Financial Year 2024-25 and May 12, 2025, has been fixed as Record Date for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend," said the company in a stock exchange filing.

Coforge Stock Split

"In terms of Regulations 42 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and all other applicable provisions, if any, we wish to inform that the Company has fixed Wednesday, June 04, 2025 as the 'Record Date' for determining the entitlement of Equity Shareholders for the purpose of Sub-Division/Split of existing Equity Shares of the Company, such that existing 1 (One) Equity Share having a face value of INR 10 (Ten) each into 5 (Five) Equity Shares of INR 2 (Two) each, fully paid up, ranking pari passu in all respects," Coforge said in a regulatory filing on Monday.

Coforge Q4 Results

According to a regulatory filing, the IT services company Coforge recorded a 16.5% year-on-year boost to consolidated net profit for the March quarter, rising from Rs 224 crore in the same time last year to Rs 261 crore. In the fourth quarter of FY25, revenue from operations was Rs 3,410 crore, up 47% from Rs 2,318 crore in the same period the previous year. EBITDA increased 41.15% from Rs. 395.60 crore in Q4FY24 to Rs. 558.40 crore in Q4FY25.

With a quarter-end order intake of US$2.1 billion, Coforge rounds off an outstanding FY25 with a 32.0% CC rise. The company's executable order book for the upcoming year is $1.5 billion, up 10.3% QoQ and 47.7% YoY. It had 33,497 employees, a net growth of 403 over the previous quarter, and its workforce had grown by 35.5% since the financial year started.

"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 Bn TCV deal signed in Q4, a 47.7% 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." said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd.

Coforge Share Price Target

"Coforge remains firmly bullish, trading near record highs with strong follow-through buying. The stock is well-supported by its moving averages and a rising RSI, indicating solid momentum. Immediate support lies around ₹7400, while a breakout above ₹7650 could lead to targets of ₹7900-₹8000 in the near term. Volume trends are positive, and the price action suggests continued institutional interest. With the overall chart structure supporting further gains, investors and traders should look to buy on dips. The medium-term trend remains intact unless the price breaks below key support," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

Disclaimer

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