Coforge share price drops 1%; company to consider stock split next week; key things to know

The filing said, "The meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, March 04, 2025, inter alia, to consider the proposal of alteration in the share capital of the Company by subdivision/split of the existing equity shares of the face value of Rs. 10/- each, fully paid up, in such a manner as may be determined by the Board of Directors subject to approval of the shareholders of the Company and any approvals, as may be required under applicable law."

A stock split is a corporate action wherein a corporation increases the number of outstanding shares of a company without increasing the value of the company's total value.

For instance, say the current stock price of an XYZ company is ₹1,000, and the company announces a stock split of 1:2. So, the 1:2 ratio means that two shares will be offered to existing shareholders for each one they owned before.

The number of shares doubles while the price per share is cut in half. So, after the stock split, the price of the scrip will be ₹500.

Coforge Q3 FY25 Results

For the quarter ended December 31, 2025 (Q3 FY25), Coforge posted a 10% growth in adjusted net profit for the December quarter to ₹268 crore, as its CEO exuded confidence that the coming year will continue to see robust and sustained growth for the IT solutions company.

For the quarter under review, the adjusted PAT at ₹268 crore (excluding minority factor) was up 10.3% on a year-on-year basis, the company said in a release.

The revenue stood at ₹3,318.2 crore, up 8.4% quarter-on-quarter and 40.3% year-on-year in constant currency terms.

The board has recommended an interim dividend of ₹19 per share, and the record date for this payout was January 30, 2025.

"The outlook for the company continues to be very strong. The best testament to that is the signed order book... The other reason why the outlook is strong is because the growth has been very broad-based; every industry vertical has grown for us," said Sudhir Singh, Chief Executive Officer and Executive Director of Coforge.

About Coforge

Coforge, formerly NIIT Technologies, is an Indian multinational IT services company headquartered in Noida, India. It provides end-to-end software solutions and services, with a focus on digital transformation and emerging technologies.

Coforge share price trend

The stock has rallied nearly 16% in the past 12 months and over 280% in the past five years.