Coforge shares climb 2% as stock trades ex-split for the first time

The company had fixed June 4, 2025, as the record date to determine shareholders eligible to receive the subdivided equity shares. Under the terms of the corporate action, each existing equity share of face value Rs 10 has been split into five equity shares of face value Rs 2 each.

“Trading on an ex-split basis means that from June 4 onward, the share price will reflect the adjusted value post-split, and any investor buying the stock from that day will not be entitled to the benefit of the split,” the company explained in a filing. “Only those holding the stock as per the records on the record date will receive the subdivided shares.”

The stock split does not impact Coforge’s market capitalisation but increases the number of outstanding shares fivefold, a move typically aimed at enhancing market liquidity.

To qualify for the split under India’s T+1 settlement cycle, investors had to purchase shares at least one trading day prior to the record date. Buying on the record date itself would not ensure eligibility, as ownership would not reflect in the records in time.

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According to data from Trendlyne, this marks the first time Coforge has undertaken a share split since its listing.Coforge reported a 17% year-on-year (YoY) rise in consolidated profit after tax to Rs 261 crore for the quarter ended March 2025, compared to Rs 223.7 crore in the same period a year earlier.Revenue from operations jumped 47% YoY to Rs 3,409.9 crore. In constant currency terms, revenue grew 43.8% YoY, while in USD terms, it rose 43.6%.

The company highlighted a record quarter for large deal closures, signing five major contracts with a total contract value (TCV) of $1.56 billion. The executable order book over the next twelve months stood at $1.5 billion, marking a 47.7% YoY and 10.3% sequential increase.

Alongside the earnings, the board of Coforge also declared a fourth interim dividend of Rs 19 per equity share.

Also read | Coforge shares go ex-split tomorrow, last day to buy for 1:5 stock split eligibility

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