Slide 1: Fact Sheet & Web Presentation covering letter to exchanges
May 05, 2025 The Manager, The General Manager, Department of Corporate Services Department of Corporate Services BSE Limited The National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Dalal Street, Mumbai – 400 001 Plot No. C/1, G Block, Bandra Kurla Complex, BSE Scrip code
Slide 2: Investor Presentation Q4 & FY25
Investor Presentation Q4 & FY25 May 05, 2025
Slide 3: 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 4: 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 5: 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 $3.5 Bn during the year constant currency basis. ▪ 14 large deals signed during the year ▪ Continuing business re
Slide 6: GAAP to Non-GAAP EBITDA Walk
GAAP to Non-GAAP EBITDA Walk Other Income / (Expense) Particulars INR Mn Particulars INR Mn Revenue from operations 34,099 Fx Gain / Loss (45) Less: Purchases of stock- in- trade 25 Interest Income 142 Employee benefits expense 19,958 Finance Cost (397) Other expenses 8,846 Interest on borrowings (2
Slide 7: Revenue and Margin Performance for the year
Revenue and Margin Performance for the year Revenue (₹ Mn) 33.8% YoY Adj. EBITDA (₹ Mn) 33.9% YoY PAT* (₹ Mn) 13.5% YoY 120,507 21,713 9,635 90,089 8,489 16,215 FY24 FY25 FY24 FY25 FY24 FY25 Revenue ($ 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 8: 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 9: 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 10: 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 11: 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 $507 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 New Clients 15 31 40 41 45 47 44 29 47 Added Includes discontinued operations 10 © Coforge, 2025
Slide 12: High Degree of Visibility Through Contracted Revenues and Repeat Business
High Degree of Visibility Through Contracted Revenues and Repeat Business Order Book Executable Over Next 12 Months ($ Mn) 8-Year CAGR: 21.4% +47.7% YoY $1,600 93% 92% 92% 94% 100% $1,600 94% 100% 91% 89% 90% 89% 89% 92% 90% $1,400 90% $1,400 80% 80% $1,200 $1,200 70% 70% $1,000 60% $1,000 60% $800
Slide 13: De-Risked Operating Profile with Declining Client Concentration
De-Risked Operating Profile with Declining Client Concentration While Increasing Large Account Relationships Top Clients Revenue Contribution Clients by Size 42.4% 239 39.0% 38.3% 34.4% 35.5% 34.5% 34.0% 28.4% 160 145 173 137 115 30.4% 106 28.3% 27.9% 112 24.3% 90 101 22.9% 23.2% 23.5% 80 100 73 18.
Slide 14: Best-in-Industry Attrition Levels Testament of Coforge Culture
Best-in-Industry Attrition Levels Testament of Coforge Culture Total Global Headcount LTM Attrition % (Excl. BPS) 33,497 33,094 32,483 1,557 1,530 1,474 586 583 575 26,612 1,133 24,726 442 13.0% 31,354 12.1% 11.7% 11.9% 30,981 11.5% 11.4% 1,095 30,434 10.9% 388 25,037 23,243 Q4FY24 Q1FY25 Q2FY25 Q3F
Slide 15: Key Tenets of Coforge Growth Strategy
Key Tenets of Coforge Growth Strategy • Q4FY25 revenue growth of 3.4% QoQ and 43.8% YoY in Robust constant currency (CC). FY25 revenue growth of 32.0% in constant currency (CC) • Q4FY25 Adj. EBITDA margin of 18.7%. Profitable • FY25 Adj. EBITDA margin of 18.0% (continuing business) • Strong executab
Slide 16: Appendix
Appendix 15 | © coforge, 2024 Coforge
Slide 17: Consolidated Income Statement – Q4FY25 (₹ Mn) – Continuing Business
Consolidated Income Statement – Q4FY25 (₹ Mn) – Continuing Business Particulars Q4FY25 Q3FY25 QoQ% Q4FY24 YoY% Gross Revenues 34,099 32,581 4.7% 23,184 47.1% GM% 34.1% 33.4% 67 Bps 34.7% -62 Bps Adj EBITDA 6,364 5,752 10.6% 4,454 42.9% Adj EBITDA% 18.7% 17.7% 101 Bps 19.2% -55 Bps Cost of ESOPS 616
Slide 18: Consolidated Income Statement – Q4FY25 ($ 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 19: 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 20: 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 21: Balance Sheet – Q4FY25 ($ Mn)
Balance Sheet – 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 As
Slide 22: Fact Sheet
Fact Sheet 21 | © coforge, 2024 Coforge
Slide 23: Financial: Revenue, Cash Flow and Order Book
Fact Sheet Revenue and Revenue Growth Q4FY25 Q3FY25 Q4FY24 FY25 FY24 Q-o-Q CC Revenue Growth 3.4% 8.4% 1.9% 32.0% 13.3% Revenue (USD Mn) 410 397 287 1,468 1,119 Q-o-Q Growth 3.3% 7.5% 1.7% - - Y-o-Y Growth 43.0% 40.8% 8.5% 31.2% 11.7% Revenue (INR Mn) 34,691 33,182 23,585 1,22,504 91,790 Q-o-Q Growt
Slide 24: Business Mix (% of Revenue)
Fact Sheet Vertical Q4FY25 Q3FY25 Q4FY24 FY25 FY24 Banking and Financial Services (BFS) 30.2% 27.5% 33.7% 29.6% 32.2% Insurance 18.2% 18.8% 21.6% 19.2% 22.2% Travel, Transportation and Hospitality (TTH) 18.8% 18.1% 17.6% 18.3% 18.0% Government outside India 7.3% 6.9% 7.6% 7.4% 7.6% (1) Others 25.5%
Slide 25: People Data and Client Data
Fact Sheet New Clients Added Q4FY25 Q3FY25 Q4FY24 FY25 FY24 Americas 6 7 5 27 17 EMEA 0 7 2 15 7 Rest of World 4 0 1 5 5 Total 10 14 8 47 29 Repeat Business % 93.5% 94.5% 93.0% 94% 92% Client Data Client Concentration (% of Revenue) Q4FY25 Q3FY25 Q4FY24 FY25 FY24 Top 5 18.0% 19.8% 23.0% 18.6% 23.5%
Slide 26: Fact Sheet Other Data
Fact Sheet Q4FY25 Q3FY25 Q4FY24 Days Sales Outstanding (DSO) 60 60 56 INR / USD Rate Q4FY25 Q3FY25 Q4FY24 FY25 FY24 Period Closing Rate 85.43 85.60 83.37 85.43 83.37 Period Average Rate 86.59 84.44 83.05 84.55 82.78 Q4FY25 Q3FY25 Q4FY24 Other Data Hedge Position USD 270.61 239.30 203.41 GBP 108.00 1
Slide 27: Let's engage!
Let’s engage! Icon Icon A white circle with a black background Logo, icon Description automatically generated Description automatically generated Description automatically generated with low confidence Description automatically generated 26 © Coforge, 2025