Coforge announced strong Q3 FY26 results, with revenue up 5.1% QoQ and 28.5% YoY. The company signed six large deals and achieved order intake of $593 Mn. Order book executable over the next twelve months reached $1.72 Bn, up 30% YoY. IT attrition (LTM) decreased to 10.9%. Coforge’s performance reflects sustained growth and robust operational execution.
Financial Performance
Coforge reported revenue of INR 4,188 crore ($478.2 million) for Q3 FY26. Key highlights include:
- 5.1% QoQ growth in INR terms (4.4% in CC terms, 3.5% in USD terms)
- 28.5% YoY growth in INR terms (21.5% in CC terms, 22.6% in USD terms)
- EBITDA: US$ 83.4 Mn, up 37.7% YoY in USD terms
- EBITDA margin at 17.4%, increased by 191 bps YoY
- EBIT margin at 13.4%, increased by 191 bps YoY
- PAT (excl. extraordinary items): INR 364 crores, up 71.2% YoY basis
Deal Wins and Order Book
Coforge signed six large deals during the quarter, with order intake of $593 Mn. The order book executable over the next twelve months stands at $1.72 billion, a 30.4% YoY increase.
Other Key Highlights
- IT Attrition Rate: Dropped to 10.9% against 11.4% in last quarter.
- Headcount stood at 35,341; net addition of 445 sequentially.
Recognitions and Partnerships
Coforge received several recognitions, including being positioned as a Leader by ISG in various categories and by NelsonHall and Everest in Quality Engineering.
Partnerships include launching CodeInsightAl on the Microsoft Marketplace and WellnessAl with Salesforce.
Dividend Announcement
The Board has recommended an interim dividend of INR 4/- per share, with a record date of January 31, 2026.
Source: BSE
