This IT company will give a dividend of Rs 19 on 1 stock, 16.5% profit in the fourth quarter
IT company Koforge released financial results for the fourth quarter of FY 2024-25 on Monday. The company said in the information to the stock market exchanges that its net profit increased by 16.5 percent to Rs 261 crore in the fourth quarter of the last financial year. Koforge said that his net profit was Rs 224 crore in the fourth quarter of FY 2023-24. The IT company said that during this period, the operational income increased by 47 percent to Rs 3410 crore on an annual basis, which was Rs 2318 crore in the fourth quarter of FY 2023-24.
21 percent increase in company’s profit on quarterly basis
However, on a quarterly basis, the company’s profit increased by 21 percent and the revenue 4.6 percent. Talking about the entire financial year, the company’s profit was recorded at Rs 812 crore with a slight increase, which was Rs 808 crore in FY 2023-24. In the financial year 2024-25, Coforce’s revenue increased by 33.7 percent to Rs 12,051 crore, which was Rs 9,009 crore a year ago. Apart from releasing its financial results, the company also announced dividend for shareholders.
Dividend of Rs 19 will be available on one share
In the May 5 exchange filing, Koforge said that the company’s board of directors have announced a fourth interim dividend of Rs 19 for the financial year 2024-25. A record date has been fixed on May 12 for this interim dividend of Rs 19, given for each share of Rs 10 face value of Rs 10. On May 12, the company shares will trade X-Dividend and will not get the benefit of dividend on new shares to be purchased on May 12.
Company shares closed with a good lead on Monday
On Monday, Coforge’s shares on BSE closed at Rs 7499.10 with a great gain of 1.51 percent (Rs 111.90). Today, during the trading, the company’s shares reached Intrade High of Rs 7594.20 to Intrade Low of Rs 7392.50. The 52 weeks of Koforge’s shares are Rs 10,017.95 and 52 weeks are Rs 4291.05. According to BSE, the current market cap of Koforge is Rs 50,153.12 crore.
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