Coforge Announces First-Ever Stock Split: Key Details for Investors

Coforge, a leading IT services company, has announced its first stock split to make its shares more affordable for investors. The company’s Board of Directors will meet on March 4, 2025, to finalise the details, subject to shareholder and regulatory approvals.

Why is Coforge Splitting its Stock?

A stock split helps lower the price per share, making it more accessible to retail investors while improving market liquidity. Once approved, the face value of shares will change, but the company’s overall market value will remain the same.

Reason Behind the Stock Split

Coforge aims to make its stock more affordable and increase investor participation. A lower price per share allows more people to invest and trade easily, boosting demand and attracting retail investors.

Coforge Q3FY25 Results

Coforge reported a net profit of ₹268 crore, reflecting a 10% growth in the December quarter. The company’s revenue increased to ₹3,318.2 crore, registering an 8.4% rise quarter-on-quarter (QoQ) and a 40.3% jump year-on-year (YoY) in constant currency. In dollar terms, the revenue grew 7.5% QoQ and 40.8% YoY. The EBITDA stood at ₹519 crore, marking a 29.3% increase compared to the previous year.

Stock Performance

As of February 27, 2025, Coforge share price stands at ₹7,436.65, reflecting a 2.58% decline for the day. The stock opened at ₹7,719.95, reaching a high of ₹7,719.95 and a low of ₹7,436.30. Over the past 6 months, Coforge has gained 22.40%, while in the past year, it has risen by 13.44%. Looking at a 5-year period, the stock has surged 275.05%, adding ₹5,458.65 to its value.

Conclusion

Coforge’s stock split aims to attract more investors by lowering share prices while its strong financial performance continues to drive long-term growth.

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