Coforge Block Deal: ₹183 Crore Worth of Shares Traded, Stock Slips Despite Strong Q4

Nearly 1.5% of Equity Changes Hands at Minor Discount

Mumbai, June 26: Shares of mid-cap IT services firm Coforge experienced a mild dip as the company saw a block deal on Thursday, as 1.46% of its equity changed hands at a minor discount.

Approximately 9.77 lakh shares were exchanged at ₹1,876.50 per share, making it a ₹183.3 crore deal. The price was slightly below the previous session’s closing price. The identity of the buyers and sellers remains undisclosed.

At 12:34 PM, the stock was trading at ₹1,884.50, up 0.24% for the day. After a brief dip to ₹1,861.00 earlier, it recovered to maintain modest gains into the afternoon session.

Robust Q4 Performance Underscores Growth Momentum

The block deal comes on the heels of Coforge’s strong financial performance in Q4 FY25, where the company reported a 17% year-on-year jump in consolidated net profit to ₹261 crore, compared to ₹223.7 crore in the same quarter last year.

Revenue from operations surged 47% YoY to ₹3,409.9 crore, up from ₹2,318.4 crore.

Coforge also recorded a massive $2.1 billion in order intake during the quarter, bolstered by five large deal wins. This lifted the company’s 12-month executable order book to $1.5 billion, a key indicator of short-term growth visibility, which also reflected a 47% increase YoY in FY25.

FY26 and Beyond: Eyes on $2 Billion Revenue Target

Coforge has reiterated its ambition of achieving $2 billion in revenue by FY27, riding on strong organic momentum and synergy benefits from its acquisition of Cigniti. The company expects organic growth in FY26 to exceed FY25 levels, with BFSI and transportation verticals each delivering over 20% YoY growth in FY25, despite a challenging macroeconomic environment.

Outlook

The block deal exerted slight pressure on Coforge’s shares despite its strong Q4 results and healthy order book. But the stock quickly stabilised on the back of its growing deal pipeline. Looking ahead, steady near-term performance is likely as the company pursues its $2 billion revenue target and leverages strong organic momentum.

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