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Informist, Friday, Oct. 23, 2026

 

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--Coforge Jul-Sept consol net profit INR 5.88 bln
--Analysts saw Coforge Jul-Sept consol net profit at INR 6.52 bln
--Coforge Jul-Sept consol revenue INR 61.71 bln
--Analysts saw Coforge Jul-Sept consol revenue at INR 63.20 bln
--Coforge Jul-Sept consol net profit INR 5.88 bln vs INR 5.19 bln qtr ago
--Coforge Jul-Sept consol revenue INR 61.71 bln vs INR 55.28 bln qtr ago
--Coforge Apr-Sept consol net profit INR 11.07 bln vs INR 6.93 bln year ago
--Coforge Apr-Sept consol revenue INR 116.99 bln vs INR 77.21 bln year ago
--Coforge Jul-Sept exceptional cost INR 557 mln on account of acquisition
--Coforge Q2 consol Americas revenue INR 38.94 bln vs INR 34.18 bln qtr ago
--Coforge Jul-Sept consol Europe, West Asia, Africa revenue INR 15.20 bln
--Coforge Q2 consol rest of the world revenue INR 7.6 bln vs INR 6.2 bln QoQ
--Coforge: To set up new US entity Momentuum Blue to build talent

--Raises FY27 consol EBIT margin guidance to 16% from 15.5%
--Jul-Sept consol EBIT margin 16%, unchanged from qtr ago
--Jul-Sept consol EBIT INR 9.85 bln vs INR 8.82 bln qtr ago
--Q2 consol revenue up 3.8% on qtr in organic constant currency terms
--Jul-Sept fresh order intake $1.04 bln vs $691 mln qtr ago
--Executable order book $2.38 bln on Sept 30, up 45.4% on yr
--Total headcount at 47,365 on Sept 30 vs 46,228 qtr ago
--Jul-Sept banking, financial services revenue up 14.3% on qtr
--Jul-Sept travel, transportation, hospitality revenue up 6.3% on qtr
--Jul-Sept healthcare, HiTech revenue up 13.7% on qtr
--Signed 8 large deals in Q2, highest number of large deals in a qtr

 

By Khushi Singh

 

MUMBAI – Mid-tier information technology services company Coforge Ltd. reported sequential and year-on-year growth in net profit and revenue for the September quarter. However, both key metrics missed the analysts' estimates. 

 

The consolidated net profit rose over 13% to INR 5.88 billion from INR 5.19 billion in the September quarter. Analysts had estimated the company's net profit at INR 6.52 billion. The company's revenue from operations was INR 61.71 billion, up nearly 12% on quarter. Analysts had estimated revenue at INR 63.20 billion. For the reporting quarter, the company incurred an exceptional cost of INR 557 million on account of acquisition of the Silicon-valley based artificial intelligence firm Encora.    

 

For the six months ended Sept. 30, the company's net profit was INR 11.07 billion, up 60% from INR 6.93 billion a year ago. Revenue increased 52% on year to INR 116.99 billion.

 

Friday, Coforge's shares ended at INR 1,900.50 on the National Stock Exchange, down 0.4% from Thursday. The company detailed its September quarter earnings after market hours.

 

Coforge's revenue rose 3.8% sequentially in organic constant currency terms. Fresh order intake during the quarter was $1.04 billion, up from $691 million a quarter ago. The company's 12-month executable order book stood at $2.38 billion as of Sept. 30, up 45% on year. Coforge's total headcount was at 47,365 as of Sept. 30, up from 46,228 a quarter ago.

 

The company's dollar revenue for the September quarter was $652.2 million, up 40% on year and 10% sequentially in constant currency. Sales in America grew 14% on quarter to INR 38.94 billion in the September quarter. Revenue from Europe, West Asia, and Africa was INR 15.20 billion during the quarter. Consolidated revenues from the rest of the world grew to INR 7.6 billion from INR 6.2 billion a quarter ago. In dollar terms, the company got fresh orders worth $485 million from Europe, West Asia, and Africa. Fresh orders from the Americas during Jul-Sept totalled $455 million.

 

During the quarter, revenue from banking and financial services rose 14% on quarter, while revenue from travel, transportation, and hospitality grew 6%. Sales from the healthcare and HiTech business increased 14%. The company signed eight large deals in the September quarter, the highest number of large deals recorded in a quarter. 

 

Coforge introduced Momentum Blue, a specialised, forward-deployed engineering unit that works with client teams and turns enterprise knowledge and context into production systems, it said in a release. 

 

The company's consolidated earnings before interest and tax during Jul-Sept stood at 16%, unchanged from the last quarter. During the quarter, EBIT was at INR 9.85 billion, up from INR 8.82 billion the previous quarter. The company raised its EBIT margin guidance for 2026-27 (Apr-Mar) to 16%, up from 15.5?rlier.  End

 

Edited by Himanshi Gupta and Saji George Titus

 

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