Coforge Profit Jumps 22% on Deal Wins, Margin Expansion

Coforge Ltd. reported robust earnings for the April–June quarter, outpacing most peers in the IT sector despite macroeconomic uncertainty and cautious client spending. The company posted its fastest sequential growth in three quarters, supported by strong deal wins and low attrition.

Consolidated net profit rose nearly 22% on quarter to ₹3.17 billion, slightly below Street expectations of ₹3.39 billion. Revenue grew over 8% to ₹36.89 billion, just under the forecast of ₹37.26 billion. Year-on-year, profit surged 138% and revenue climbed over 56%.

In constant currency terms, revenue rose 8% sequentially, while dollar revenue increased 9.6% to $442 million. CEO Sudhir Singh said the results, along with a growing order book and improving margins, point to an “exceptional 2025–26”.

EBITDA grew 12.1% on quarter and 52% on year to ₹6.44 billion, with margins improving 61 basis points to 17.5%. An interim dividend of ₹4 per share was declared, with July 31 as the record date.

Coforge signed five large deals during the quarter, with order intake at $507 million. Its 12-month executable order book rose 47% on year to $1.55 billion.

Regional performance showed Americas revenue rose 12% to ₹20.92 billion, accounting for 57% of the total. Asia-Pacific revenue jumped 38% to ₹3.23 billion, while India revenue declined 18.5% to ₹1.74 billion. Revenue from Europe, West Asia, and Africa remained flat at ₹11 billion.

The company added over 1,160 employees, taking headcount to 34,187. Utilisation improved slightly to 82.1%, while attrition edged up to 11.3% from 10.9% in the previous quarter.