Upcoming Dividend By IT Company, Record Date Fixed; BUY Midcap Coforge Stock Ahead Of Q4FY25?

Coforge Q4 results, dividend announcement: Information and Technology services company, Coforge, is set to announce its earnings for the quarter ending in March, 2025. The midcap IT company will also consider payment of interim dividend for the financial year 2024-25 and fix record date for the same on May 5.

"Further, pursuant to Regulation 29(1) of the of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the meeting of Board of Directors of the Company is scheduled to be held on Monday, May 05, 2025, inter alia, to consider and approve the audited consolidated and standalone financial results of the Company for the quarter and year ended March 31, 2025. The Board of Directors will also be considering the proposal of the payment of Interim Dividend, if any, for the Financial Year 2024-25 and will determine the Record date for the purpose of the Interim Dividend, if approved," company said in its stock exchange filing last week.

Coforge share price today

Coforge shares closed 0.35% higher at Rs 7771.85 per equity share on BSE on Monday. The company's market capitalisation stood at Rs 51,977.24 crore. The stock hit its 52-week high mark of Rs 10,017.95 apiece on 12 December, 2024. It had touched a 52-week-low mark of Rs 4,291.05 apiece on BSE on 9 May 2024. Coforge share price has increased over 4.74% in last one month. The company stock value has appreciated over 7.36% in last one year.

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Coforge share price surge 5% in last month: Should you buy ahead of Q4FY25 results?

According to Kotak Institutional Equities, Indian IT firms will witness a lower incremental revenue with mega deals in FY 2026 as a consequence of a weak show in FY2025.The stock brokerage, while highlighting softening of demand recovery, maintained buy rating for top IT stocks including TCS, Infosys and Tech Mahindra.

"Companies will also face net headwinds from early stages of gen AI adoption. We had taken cognizance of a softening demand environment and other factors and lowered FY2026E revenue growth across companies in our earlier update. TechM, Infosys, TCS, Coforge and Indegene are our BUY-rated stocks," said the brokerage in its note on March 20.

Choice Equity Broking has given a buy rating for Coforge stock and indicated a potential upside of 48.5%. The brokerage has fixed a target price of Rs 11,260 per share for the company.

"Our research highlights that the company's robust deal pipeline, a 40.1% YoY growth in its order book to $1.36Bn as on Q3FY25 coupled with impressive deal wins, demonstrates a strong ability to secure significant contracts and build trust in handling large-scale deals. The company has made five strategic acquisitions within the past year, including Cigniti, Opt ML, Xceltrait, Rythmos, and TMLabs. Amid broad market correction, Coforge has experienced roughly 25% decline over the past two months, bringing its valuation to more attractive levels. However, the combination of these acquisitions and major deal wins signals that the company is committed to pursuing an aggressive growth strategy, positioning itself to lead industry expansion. We project Revenue/EBIT/PAT to grow at a CAGR of 24.4%/ 35.1%/ 48.6% respectively over FY25E-FY27E," said brokerage firm in its analysis.

Coforge Q3FY 25 results

The leading IT major delivers above beyond expectations company results during the quarter ended in December,2024. Coforge's adjusted net profit for the December quarter jumped 10% to Rs 268 crore. Company CEO Sudhir Singh expressed confidence that the coming year will bring robust demand and sustained growth for the IT solutions company.

The profit attributable to the owners of Coforge, however, dipped to Rs 215.5 crore from Rs 238 crore in the year-ago period. The company officials attributed this to the minority interest factor with regard to its current 54 per cent holding in Cigniti Technologies, which is set to merge with Coforge with effect from April 1, 2025.

Accenture signals tough time ahead

The IT major will declare its Q4FY25 earnings in May amid weakened outlook for the IT sector after bellwether company, Accenture, recently warned of impact of Donald Trump administration's policy changes on its business.

"In recent weeks, we are seeing an elevated level of what was already significant uncertainty in the global economic and geopolitical environment, marking a shift from our first quarter FY25 earnings report in December," Accenture CEO Julie Sweet said during a post earning call earlier this week.

Despite Accenture's warning, the company reported healthy profit margins and revenue closed to expectations. For Indian IT companies,including Coforge, softening of demand recovery, net headwinds from early stage gen AI adoption is likely to suppress revenue growth for FY2026E, said Kotak Institutional Equities in their note.