Mid Cap IT Stock Declares 44% Jump In Net Profit, Announces Rs 19 Per Share Dividend

Leading Mid cap IT Software stock, Coforge Ltd declared a growth of 44% in its net profit to Rs 165.3 crore on July 20, as per its regulatory filing. The IT major also announced an interim dividend of Rs 19 per equity share of the face value of Rs 10/- each for the financial year 2023-24. Last trading price of Coforge Ltd share is Rs 4812.95 apiece. Check details below:

Coforge Declares Interim Dividend: According to the BSE filing of Coforge Ltd, "Board of Directors at their meeting held today on July 20, 2023 has declared interim dividend of Rs. 19/- (Rupees Nineteen only) per Equity Share of the Company the face value of Rs. 10/- each fully paid-up, for the financial year 2023-24 and August 03, 2023 has been fixed as Record date for the purpose of ascertaining the eligibility of shareholders for payment of interim Dividend."

Coforge Stock Performance & Return: Last trading price of Coforge stock is Rs 4812.95 per share on BSE. The stock witnessed 1.29% decline intraday. Its 52-week high price is Rs 5051.20 per share and 52-week low price is Rs 3210.00 per share, respectively. It has a market capitalisation of Rs 29,405.56 crore. Coforge shares offered 26% return in last 3-months, gave return of 36% in last 1-year, jumped 184% in last 3-years, and soared 332% in last 5-years.

Coforge Q1 Results: Its revenue surged 2.4% to Rs 2221 crore for the April-June quarter, as per its regulatory filing on Thursday. The company declared its EBIT increased 2.9% to Rs 230.3 crore and EBIT margin surged 10 basis points at 10.4%.

Coforge About: Coforge is a global digital services and solutions provider, that enables its clients to transform at the intersect of domain expertise and emerging technologies to achieve real-world business impact. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high growth enterprises. Coforge's proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries, according to its official website.