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Q3 Results 2025 Effect: IT Firms Sees Positive Trading Surge

Coforge shares hit 10% upper circuit while Persistent Systems shares were up over 9%.

Q3 Results 2025 Effect: IT Firms Sees Positive Trading Surge

Q3 Results 2025 Effect: IT Firms Sees Positive Trading Surge
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23 Jan 2025 2:40 PM IST

After the company reported strong Q3 results for FY2025, the shares of Coforge Limited surged 10% to hit the upper circuit at ₹9,047.95 apiece on the BSE.

The company’s Q3FY25 revenue growth stood at 8.4% quarter-on-quarter (QoQ) at ₹3,318.2 crore. In constant currency (CC) terms, revenue grew by 8.4% on a sequential basis, while in US dollar terms, the topline rose by 7.5% QoQ to $397 million.

Coforge's net profit for the quarter rose 6.6% YoY to ₹215.5 crore, beating analyst estimates. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) margin expanded ₹316.2 crores from ₹287 crores in the previous quarter.shares were

On the other hand, Persistent Systems shares rallied over 9% to ₹6,200 per piece after the company reported a net profit of 14% YoY growth in Q3 revenue to ₹373 crore. Furthermore, the company’s revenue increased by 5.7% to ₹3,062 crore. In constant currency terms, revenue growth was at 4.6%.

However, despite a traditionally weak quarter in the IT industry, the AI-led, platform-driven services approach drove outstanding growth for Persistent Systems.

Persistent Systems and Coforge Stock Price Trend

Coforge's stock price has risen 20% in three months and more than 46% in six months. The stock has risen by 108% in the last two years.

Meanwhile, Persistent Systems' stock price fell 4% in a month, but then rebounded 28% in six months and more than 49% in a year. Over the last two years, the IT stock has returned more than 170%.

Coforge Coforge Limited shares shares prices 
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