Midcap IT companies Coforge Limited and Persistent Systems have reported robust financial results for the third quarter of fiscal year 2025, leading to significant stock price increases.
Coforge Limited reported:
- Revenue: ₹3,318.2 crore (approximately $397.1 million), an 8.4% quarter-on-quarter (QoQ) and 40.3% year-on-year (YoY) increase in constant currency terms.
- EBITDA: ₹519.0 crore, up 29.3% YoY.
- Adjusted PAT: ₹268.0 crore, a 10.3% YoY growth.
- Order Intake: $501 million, marking the second consecutive quarter exceeding $500 million.
- Interim Dividend: ₹19 per share, with a record date of January 30, 2025.
These results reflect Coforge’s strong performance across key markets, including the Americas, EMEA, and the Rest of the World, with YoY growth rates of 69.2%, 20.5%, and 3.3% respectively.
Persistent Systems reported:
- Revenue: $360.2 million (₹30,622.8 million), a 4.3% QoQ and 19.9% YoY growth.
- EBITDA: ₹5,378.4 million, up 21.7% YoY.
- PAT: ₹3,729.9 million, a 30.4% YoY increase.
- Order Booking: $594.1 million in Total Contract Value (TCV) and $428.3 million in Annual Contract Value (ACV).
- Interim Dividend: ₹20 per share on a face value of ₹5 each for FY 2024-2025.
