Slide 1: Investor Presentation Q4 & FY25
Investor Presentation Q4 & FY25 May 05, 2025
Slide 2: Safe Harbor and Disclaimer
Safe Harbor and Disclaimer Forward Looking Statements Safe Harbor This presentation contains forward-looking statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “
Slide 3: Coforge Q4 FY25 revenue up 43.6% YoY (Continuing Business)
Coforge Q4 FY25 revenue up 43.6% YoY (Continuing Business*) Financial Highlights Business Highlights On consolidated basis, Q4 FY25 revenues for continuing business were Highest order intake of $2.1 Bn during the quarter up 3.4% QoQ in $ terms and 43.8% YoY on a constant currency basis. Five l
Slide 4: Coforge FY25 revenue up 31.5% (Continuing Business)
Coforge FY25 revenue up 31.5% (Continuing Business*) Financial Highlights Business Highlights FY25 revenues for continuing business were up by 32.0% on a Highest ever order intake of $3.5 Bn during the year constant currency basis. 14 large deals signed during the year Continuing business re
Slide 5: GAAP to Non-GAAP EBITDA Walk Other Income / (Expense)
GAAP to Non-GAAP EBITDA Walk Other Income / (Expense) Particulars INR Mn Particulars INR Mn Revenue from operations 34,099 Fx Gain / Loss (45) Less: Purchases of stock- in- trade 25 Interest Income 142 Employee benefits expense 19,958 Finance Cost (397) Other expenses 8,846 Interest on borrowings (2
Slide 6: Revenue and Margin Performance for the year
Revenue and Margin Performance for the year Revenue (₹ Mn) 33.8% YoY Adj. EBITDA (₹ Mn) 33.9% YoY PAT* (₹ Mn) 13.5% YoY 120,507 21,713 9,635 90,089 8,489 16,215 FY24 FY25 FY24 FY25 FY24 FY25 Revenue ($ Mn) 31.5% YoY Adj. EBITDA ($ Mn) 31.6% YoY PAT* ($ Mn) 11.5% YoY Margin % 18.0 18.0 Margin % 9.4 8
Slide 7: Revenue and Margin Performance for the quarter
Revenue and Margin Performance for the quarter Revenue (₹ Mn) 4.7% QoQ 47.1% YoY Adj. EBITDA (₹ Mn) 10.6% QoQ 42.9% YoY PAT* (₹ Mn) 20.8% QoQ 32.8% YoY 32,581 34,099 6,364 3,059 5,752 2,532 4,454 2,304 23,184 Q3 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 Q4FY24 Q3FY25 Q4FY25 Revenue ($ Mn) 3.3% Qo
Slide 8: Well Diversified Business Portfolio
Well Diversified Business Portfolio FY25 Revenue Mix By Vertical By Service Offering By Geography 8.1% 11.3% 25.6% 29.6% 17.9% 41.3% 53.9% 7.4% 34.7% 23.5% 19.2% 18.3% 9.2% Banking & Financial Services (BFS) Engineering Americas Insurance Intelligent Automation EMEA Travel, Transportation & Hospital
Slide 9: Well Diversified Business Portfolio with Increasing Offshoring Revenues
Well Diversified Business Portfolio with Increasing Offshoring Revenues Q4 FY25 Revenue Mix By Vertical By Service Offering By Geography 7.7% 12.9% 25.5% 30.2% 16.2% 45.4% 53.8% 7.3% 33.3% 22.1% 18.2% 18.8% 8.7% Banking & Financial Services (BFS) Government (Overseas) Engineering Cloud and Infrastru
Slide 10: Very Significant Business Momentum Driving Robust Growth
Very Significant Business Momentum Driving Robust Growth Fresh Order Intake TCV ($ Mn) 8-Year CAGR: 28.8% $3,456 $1,973 $1,151 $1,265 $646 $748 $781 $457 $507 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 New Clients 15 31 40 41 45 47 44 29 47 Added Includes discontinued operations 10 © Coforge, 2025
Slide 11: High Degree of Visibility Through Contracted Revenues and Repeat Business
High Degree of Visibility Through Contracted Revenues and Repeat Business Order Book Executable Over Next 12 Months ($ Mn) 8-Year CAGR: 21.4% +47.7% YoY $1,600 93% 92% 92% 94% 100% 0 $1,600 94% 100% 91% 89% 90% 89% 89% 92% 0 90% $1,400 90% $1,400 0 80% 80% $1,200 $1,200 0 70% 70% $1,000 0 60% $1,000
Slide 12: De-Risked Operating Profile with Declining Client Concentration
De-Risked Operating Profile with Declining Client Concentration While Increasing Large Account Relationships Top Clients Revenue Contribution Clients by Size 42.4% 239 39.0% 38.3% 34.4% 35.5% 34.5% 34.0% 28.4% 160 145 173 137 115 30.4% 106 28.3% 27.9% 112 24.3% 90 101 22.9% 23.2% 23.5% 80 100 73 18.
Slide 13: Best-in-Industry Attrition Levels Testament of Coforge Culture
Best-in-Industry Attrition Levels Testament of Coforge Culture Total Global Headcount LTM Attrition % (Excl. BPS) 33,497 33,094 32,483 1,557 1,530 1,474 586 583 575 26,612 1,133 24,726 442 13.0% 31,354 12.1% 11.7% 11.9% 30,981 11.5% 11.4% 1,095 30,434 10.9% 388 25,037 23,243 Q4FY24 Q1FY25 Q2FY25 Q3F
Slide 14: Key Tenets of Coforge Growth Strategy
Key Tenets of Coforge Growth Strategy • Q4FY25 revenue growth of 3.4% QoQ and 43.8% YoY in Robust constant currency (CC). FY25 revenue growth of 32.0% in constant currency (CC) • Q4FY25 Adj. EBITDA margin of 18.7%. Profitable • FY25 Adj. EBITDA margin of 18.0% (continuing business) • Strong executab
Slide 15: Appendix
Appendix 15 Coforge, 2024 | © Coforge »forge
Slide 16: Consolidated Income Statement – Q4FY25 (₹ Mn) – Continuing Business
Consolidated Income Statement – Q4FY25 (₹ Mn) – Continuing Business Particulars Q4FY25 Q3FY25 QoQ% Q4FY24 YoY% Gross Revenues 34,099 32,581 4.7% 23,184 47.1% GM% 34.1% 33.4% 67 Bps 34.7% -62 Bps Adj EBITDA 6,364 5,752 10.6% 4,454 42.9% Adj EBITDA% 18.7% 17.7% 101 Bps 19.2% -55 Bps Cost of ESOPS 616
Slide 17: Consolidated Income Statement – Q4FY25 ($ Mn) – Continuing Business
Consolidated Income Statement – Q4FY25 ($ Mn) – Continuing Business Particulars Q4FY25 Q3FY25 QoQ% Q4FY24 YoY% Gross Revenues 403.5 390.5 3.3% 280.9 43.6% GM% 34.1% 33.4% 67 Bps 34.7% -62 Bps Adj EBITDA 75.3 68.9 9.2% 54.0 39.5% Adj EBITDA% 18.7% 17.7% 101 Bps 19.2% -55 Bps Cost of ESOPS 7.3 8.3 -12
Slide 18: Consolidated Income Statement – FY25 (₹ Mn) – Continuing Business
Consolidated Income Statement – FY25 (₹ Mn) – Continuing Business Particulars FY25 FY24 YoY% Gross Revenues 1,20,507 90,089 33.8% GM% 33.6% 33.2% 38 Bps Adj EBITDA 21,713 16,215 33.9% Adj EBITDA% 18.0% 18.0% 2 Bps Cost of ESOPS 1,731 1,046 65.4% EBITDA 19,982 15,168 31.7% EBITDA% 16.6% 16.8% -26 Bps
Slide 19: Consolidated Income Statement – FY25 ($ Mn)
Consolidated Income Statement – FY25 ($ Mn) Particulars FY25 FY24 YoY% Gross Revenues 1,445.2 1,099.3 31.5% GM% 33.6% 33.2% 38 Bps Adj EBITDA 260.4 197.9 31.6% Adj EBITDA% 18.0% 18.0% 2 Bps Cost of ESOPS 20.8 12.8 62.6% EBITDA 239.6 185.1 29.5% EBITDA% 16.6% 16.8% -26 Bps EBIT 188.4 148.8 26.6% EBIT
Slide 20: Balance Sheet – Q4FY25
%DODQFH6KHHW – Q4FY25 ($ Mn) As at As at As at As at As at As at Particulars Particulars Mar 31 2025 Dec 31 2024 Mar 31 2024 Mar 31 2025 Dec 31 2024 Mar 31 2024 Equity 669 669 618 Fixed Assets 9,978 7,472 6,413 Reserves & Surplus 59,729 57,443 32,551 Capital Work in Progress 24 96 232 Intangible Ass