Overview
- Coforge shares began trading ex-split on June 4 after a 1:5 subdivision reduced the face value from Rs 10 to Rs 2, marking its first split since the 2004 IPO.
- Several trading platforms recalibrated prices to show an apparent 80% decline, but the stock actually opened up nearly 2% as markets absorbed the adjustment.
- Investors needed to hold shares by the June 3 record date under the T+1 settlement cycle to qualify for the split benefits.
- For the March 2025 quarter, consolidated net profit climbed 34% year-on-year to Rs 261.2 crore, driven by stronger operating performance.
- Revenue of Rs 3,409.9 crore fell slightly short of forecasts and the operating margin was 13.2%, and the board declared an interim dividend of Rs 19 per share.