Coforge Limited announced robust financial results for the second quarter and half-year ended September 30, 2026. Revenue surged 53.6% YoY in INR terms to ₹61,708 Mn. The company raised its FY27 EBIT margin guidance to 16%, reflecting strong operational performance and strategic growth initiatives. Key business highlights include eight large deals signed and a substantial order book.
Coforge Reports Strong Q2 FY27 Performance
Coforge Limited, a global Al-native engineering services leader, today announced outstanding financial results for the quarter and half-year ended September 30, 2026. The company reported a significant 53.6% YoY revenue growth in INR terms, reaching INR 61,708 Mn (USD 652.2 Mn). In USD terms, revenue grew by 40.1% YoY.
Key Financial Highlights
The company’s profitability also saw substantial improvement:
- EBITDA increased by 67.3% YoY in INR terms to INR 12,697 Mn, with an EBITDA margin of 20.6%.
- EBIT grew by 67.8% YoY in INR terms to INR 9,847 Mn, achieving an EBIT margin of 16.0%.
- PAT rose by 56.5% YoY in INR terms to INR 5,881 Mn.
Raised Guidance and Growth Momentum
Coforge has raised its FY27 EBIT margin guidance from 15.5% to 16%. The company anticipates further improvement to 17% EBIT margin next year and aims to be among the top three scaled IT services firms on margins while sustaining growth momentum. This outlook is supported by a strong order pipeline and strategic initiatives.
“The 10.1% sequential growth and 40.1% YoY growth in US dollar terms, a 3.8% sequential organic cc growth, a next twelve month signed order book of $2.38 billion, an order intake of over $1 billion and eight large deals, the most the firm has ever signed in a single quarter, have put us firmly on course to be the industry growth leader for the third year running,” stated Sudhir Singh, Chief Executive Officer and Executive Director.
Key Business and Partnership Achievements
The quarter was marked by strong business momentum:
- Order Intake stood at $1.04 Bn TCV for the quarter.
- The executable order book over the next twelve months reached $2.38 billion, a 45% YoY increase.
- Eight large deals were signed across North America, Europe, and Australia.
- New initiatives like Momentuum blue and the CXNova platform were launched.
- Coforge also achieved significant recognitions as a “Leader” in multiple categories from industry analysts like NelsonHall, HFS, and ISG.
- Key partnerships were strengthened with AWS (achieving AWS AI Competency) and Zscaler (achieving DSA).
Source: BSE
